New Jersey sportsbooks took in $917.2 million in wagers in June, the biggest June handle in the state’s history, but gross revenue fell to $57.3 million. Betting volume was up 16% from a year earlier, yet revenue was down 37.7%, leaving the market with a hold of about 6.2%.
The state Division of Gaming Enforcement said the weaker revenue mainly reflected patron winnings tied to the NBA Finals and FIFA World Cup games. Its guidance says sports wagering gross revenue is handle minus payouts on winning wagers, and that monthly results can swing because payouts on future events are booked when redeemed later.
Brian Tyrrell of Stockton University’s Lloyd D. Levenson Institute said the decline was “not due to a decline in handle, but rather a decline in win percentage.” The state filing also says gross revenue is not comparable to Nevada casino win statistics and that a relevant win percentage cannot be calculated by simply dividing revenue by handle.
Taxes on sports wagering came to $12.4 million in June. Through the first six months of the year, gross revenue reached $513 million, down 7.1% from the same period in 2025, while sports-betting taxes totaled $107.3 million.
Nearly all of June’s action came online. PlayNJ reported $891.9 million in online handle, or 97.2% of the statewide total, compared with $25.3 million at retail sportsbooks. Online revenue fell 36.5% but still came in just under $60 million, while retail venues collectively lost $672,700.
FanDuel led New Jersey books with $25 million in revenue, down 30.2% from a year earlier. DraftKings Sportsbook NJ followed with $13.7 million, Bet365 rose 38.9% to $6.7 million, and BetMGM Sportsbook NJ had $4.5 million. Fanatics revenue fell 76.2%, Caesars dropped 70% through Tropicana and 72% at Monmouth Park, and Hard Rock Sportsbook NJ posted a 4.1% increase.
One later Casino.org report, citing the DGE, put June gross revenue at $53.3 million instead of $57.3 million. The division’s filing also warns that monthly gross revenue can be volatile because payouts on future events are booked when redeemed, not necessarily when wagers are placed.
