NJ Sports Betting Reaches Record Handle While Revenue Drops
New Jersey sportsbooks experienced unprecedented betting activity in June 2026, with total wagers reaching $917.2 million, up 16% from the same month last year. This represents the largest June handle in the state’s history. Despite the surge in betting volume, sportsbooks retained only $57.3 million, reflecting a hold rate of 6.24%, nearly half the 11.62% seen in June 2025. Consequently, the state’s tax intake slipped to $12.45 million, down from $13.1 million in June 2025, even with the 19.75% online gambling […] The post NJ Sports Betting Reaches Record Handle While Revenue Drops appeared first on World Casino News.
New Jersey sportsbooks experienced unprecedented betting activity in June 2026, with total wagers reaching $917.2 million, up 16% from the same month last year. This represents the largest June handle in the state’s history. Despite the surge in betting volume, sportsbooks retained only $57.3 million, reflecting a hold rate of 6.24%, nearly half the 11.62% seen in June 2025. Consequently, the state’s tax intake slipped to $12.45 million, down from $13.1 million in June 2025, even with the 19.75% online gambling […]
The post NJ Sports Betting Reaches Record Handle While Revenue Drops appeared first on World Casino News.
