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Dover Downs Sportsbook, Dover, Delaware

New Jersey: Nearly $60 Million in Sports Bets So Far

New Jersey sportsbooks reported $3.8 million in gross revenue in July and nearly $7.3 million in gross revenue since the state began allowing sports betting on June 14, the state reported on Tuesday. 

The industry handled $57 million in sports bets in the second half of June and all of July, according to data on the new industry released Tuesday by the New Jersey Office of the Attorney General.

Three casino hotels and two racetracks offer sports betting in New Jersey, which was one of the first states to legalize betting on sports after a Supreme Court ruling earlier this year that cleared the way for the new business.

Most of the sports betting so far has been on baseball – because it is in season – with a year-to-date handle of $36.3 million, the state said.

FanDuel Sportsbook at Meadowlands Racetrack (near New York City) had the highest July gross revenue at $1.35 million. 

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