New Jersey bettors began ratcheting up their sports wagering again in May, boosting the state’s monthly handle.
The New Jersey Division of Gaming Enforcement reported on Wednesday that the state's total sports wagering handle for May was nearly $814.3 million, increasing the year-to-date total over $4.1 billion.
The majority of May's handle stemmed from online bets, which amounted to $734.6 million. Sports wagering gross revenue — or total handle minus payouts to winners — was $52.9 million last month in the Garden State, a hold of 6.5 percent.
New Jersey's April handle had been about $748 million and its revenue was $54.8 million.
Meadowlands Racing & Entertainment again led licensees in terms of sports-wagering revenue last month, having earned $34.6 million. The racetrack has two sports-betting partners, FanDuel and PointsBet.
New Jersey’s betting numbers for May reflect the mixed bag of results seen so far among states that have reported their figures for the month.
While New Jersey’s handle may have been up over April, it was still down compared to March, when sportsbooks across the United States got a boost from March Madness. Basketball has proven to be the most popular sport for the state's bettors this year, as the year-to-date handle for completed games now stands at nearly $1.5 billion.
