Despite a 16.7% year-over-year handle decline in September, the Garden State's sports wagering operators still took $119.6 million, the second-most earnings ever.

The New Jersey Division of Gaming Enforcement reported $1.1 billion was wagered at online and retail sportsbooks in September, up 56% from August. It was the first billion-dollar deal with given that April's $1 billion and the greatest quantity wagered considering that March's $1.3 billion.

September's profits ranks behind only January's $170.8 million and increased 7.6% year-over-year. A 90% month-over-month spike now puts year-to-date income over $835 million.

The 11% hold was up more than two points from Sept. 2023. Retail sportsbooks were well above the total win rate with an outstanding 13.8% hold on a $58.5 million manage. Online wagering websites represented $111.5 million of the overall revenue.

The Garden State filled its coffers with $15.1 million in tax earnings, which exceeded $100 million in 2024.

Football is back

Like many legal sports betting markets, the return of football makes a big distinction in New Jersey's action. Last September began a streak of 7 consecutive months of manages over $1 billion.

New Jersey might be on its way to another similar run. The NFL and college football generated $405.7 million in wagers in September and $16 million in profits. The sport's September deal with alone is simply $250 million less than July's most affordable amount bet of the year.

Operators only produced a 4% hold on football, however the wildness of the very first few weeks of the NFL definitely helped New Jersey sports wagering operators rake in $85.4 million in revenue off parlays on a manage of $352.7 million.

FanDuel doubles up

FanDuel claimed the biggest piece of September online income with its $48.8 million haul, double what the sportsbook produced in August.

DraftKings was over $12 million behind with revenue of $38.6 million, great enough for second place. The online sportsbook exceeded $200 million in earnings for the year.

BetMGM went from $5.4 million in August to $7.8 million in September and is approaching $50 million in 2024.

bet365 edged out Caesars for fourth location with a $4.8 million haul. Caesars reached $4.2 million with ESPN BET being the next closest operator with $2.5 million. Fanatics Sportsbook fell from fifth in August to seventh in September behind a $2.46 million month.

BetRivers and Hard Rock Bet also discussed $1 million in September profits.

New iGaming record

Online casinos continue to produce huge revenues in New Jersey. Last month, the Garden State reached $200 million in iGaming income for the first time.

The record month-to-month haul of $208.1 million was up 27% year-over-year. New Jersey nearly arrived in August with $198 million, which was up 28% from July.