{"id":44886,"date":"2024-08-20T13:44:26","date_gmt":"2024-08-20T13:44:26","guid":{"rendered":"https:\/\/casinoapps.com\/?p=44886"},"modified":"2024-08-20T13:44:26","modified_gmt":"2024-08-20T13:44:26","slug":"in-july-new-jersey-sportsbooks-collected-80-million-from-a-12-3-hold","status":"publish","type":"post","link":"https:\/\/casinoapps.com\/2024\/08\/20\/in-july-new-jersey-sportsbooks-collected-80-million-from-a-12-3-hold\/","title":{"rendered":"In July, New Jersey sportsbooks collected $80 million from a 12.3% hold"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Last week, the New Jersey Division of Gaming Enforcement reported $80 million in sports betting revenue for July. It was the fourth-highest collective hold in state history at 12.3%. Seventeen states including Washington D.C. posted a double-digit hold in July 2024. The nationwide win rate in July (excluding Tennessee and Nebraska) was 11.7032% from $4.02 billion worth of wagers. Not only did New Jersey have an outstanding July, but the entire legal sports betting market did. The nation&#8217;s win rate in July is tracking to be the third-highest in the post-PASPA era. Only holds in September 2018 and September 2023 were higher than this past July. New Jersey\u2019s 12.3% win rate in July was their highest since a 13.2% win rate in August 2023. Six of the state\u2019s 10 highest win rates have come in the last 15 months. Finally, New Jersey joined New York as the only state to surpass $4 billion in operator revenue in the post-PASPA era. Handle was down 12.8% from June but revenue surged 33.2% in July. New Jersey saw $652.3 million worth of wagers. <\/span><\/p>\n<h2><b>What New Jersey sportsbooks saw the most revenue in July?<\/b><\/h2>\n<p><span style=\"font-weight: 400\">In the Garden State, the NJDGE only discloses revenue figures for mobile sportsbooks. After a shaky June, DraftKings got back on track in July with $25.9 million in revenue, up 80.7%. That was DraftKings\u2019 best month in New Jersey since January when they collected $40.3 million. FanDuel saw a smaller rise of 9.6% to $31.9 million in July. FanDuel leads all mobile sportsbooks in year-to-date winnings with $272.5 million. Ranking third for revenue among New Jersey sportsbooks in July was BetMGM with $5.2 million. Caesars was fourth with $3.4 million, a 62.3% increase from June. Bet365 had the fifth-most revenue as they cleared $3 million by $29,300. It was the third time in five months they were over $3 million.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Not far behind bet365 in revenue was Fanatics Sportsbook with $2.7 million. ESPN Bet\u2019s $2.4 million in revenue was up 44.9% from June. For the first time in 2024, Hard Rock Bet posted back-to-back months with seven figures in revenue. New Jersey\u2019s hold on parlays and same-game parlays exceeded 20% for the third time in four months. Operators combined for a 22.3% win rate. Good enough for $40.6 million in revenue from $182.1 million in wagers. The Garden State\u2019s year-to-date hold is 19.5% from $$379 million in multi-leg wagers. Compared to the first seven months of 2023, New Jersey\u2019s handle is up 29% to $7.41 billion. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last week, the New Jersey Division of Gaming Enforcement reported $80 million in sports betting revenue for July. It was the fourth-highest collective hold in state history at 12.3%. Seventeen states including Washington D.C. posted a double-digit hold in July 2024. The nationwide win rate in July (excluding Tennessee and Nebraska) was 11.7032% from $4.02 &hellip; <\/p>\n","protected":false},"author":257,"featured_media":44888,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1774],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.9.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>In July, New Jersey sportsbooks collected $80 million from a 12.3% hold<\/title>\n<meta name=\"description\" content=\"Thanks to a 12.3% hold in July, New Jersey sportsbooks were able to collect $80 million in sports betting revenue.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/casinoapps.com\/2024\/08\/20\/in-july-new-jersey-sportsbooks-collected-80-million-from-a-12-3-hold\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"In July, New Jersey sportsbooks collected $80 million from a 12.3% hold\" \/>\n<meta property=\"og:description\" content=\"Thanks to a 12.3% hold in July, New Jersey sportsbooks were able to collect $80 million in sports betting revenue.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/casinoapps.com\/2024\/08\/20\/in-july-new-jersey-sportsbooks-collected-80-million-from-a-12-3-hold\/\" \/>\n<meta property=\"og:site_name\" content=\"Latest Casino Apps &amp; Other Apps News - Casinoapps.com\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-20T13:44:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/casinoapps.com\/wp-content\/uploads\/2024\/08\/New-Jersey-pic.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"820\" \/>\n\t<meta property=\"og:image:height\" content=\"492\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"zachwolpin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"zachwolpin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/casinoapps.com\/2024\/08\/20\/in-july-new-jersey-sportsbooks-collected-80-million-from-a-12-3-hold\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/casinoapps.com\/2024\/08\/20\/in-july-new-jersey-sportsbooks-collected-80-million-from-a-12-3-hold\/\"},\"author\":{\"name\":\"zachwolpin\",\"@id\":\"https:\/\/casinoapps.com\/#\/schema\/person\/18dfeb1161befdfc5771ef45f4eb3aa9\"},\"headline\":\"In July, New Jersey sportsbooks collected $80 million from a 12.3% hold\",\"datePublished\":\"2024-08-20T13:44:26+00:00\",\"dateModified\":\"2024-08-20T13:44:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/casinoapps.com\/2024\/08\/20\/in-july-new-jersey-sportsbooks-collected-80-million-from-a-12-3-hold\/\"},\"wordCount\":393,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/casinoapps.com\/#organization\"},\"articleSection\":[\"US Industry News\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/casinoapps.com\/2024\/08\/20\/in-july-new-jersey-sportsbooks-collected-80-million-from-a-12-3-hold\/#respond\"]}],\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/casinoapps.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/casinoapps.com\/2024\/08\/20\/in-july-new-jersey-sportsbooks-collected-80-million-from-a-12-3-hold\/\",\"url\":\"https:\/\/casinoapps.com\/2024\/08\/20\/in-july-new-jersey-sportsbooks-collected-80-million-from-a-12-3-hold\/\",\"name\":\"In July, New Jersey sportsbooks collected $80 million from a 12.3% hold\",\"isPartOf\":{\"@id\":\"https:\/\/casinoapps.com\/#website\"},\"datePublished\":\"2024-08-20T13:44:26+00:00\",\"dateModified\":\"2024-08-20T13:44:26+00:00\",\"description\":\"Thanks to a 12.3% hold in July, New Jersey sportsbooks were able to collect $80 million in sports betting revenue.\",\"breadcrumb\":{\"@id\":\"https:\/\/casinoapps.com\/2024\/08\/20\/in-july-new-jersey-sportsbooks-collected-80-million-from-a-12-3-hold\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/casinoapps.com\/2024\/08\/20\/in-july-new-jersey-sportsbooks-collected-80-million-from-a-12-3-hold\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/casinoapps.com\/2024\/08\/20\/in-july-new-jersey-sportsbooks-collected-80-million-from-a-12-3-hold\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/casinoapps.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"In July, New Jersey sportsbooks collected $80 million from a 12.3% hold\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/casinoapps.com\/#website\",\"url\":\"https:\/\/casinoapps.com\/\",\"name\":\"Latest Casino Apps & Other Apps News - Casinoapps.com\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/casinoapps.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/casinoapps.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/casinoapps.com\/#organization\",\"name\":\"Latest Casino Apps & Other Apps News - Casinoapps.com\",\"url\":\"https:\/\/casinoapps.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/casinoapps.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/casinoapps.com\/wp-content\/uploads\/2024\/08\/OnDark.svg\",\"contentUrl\":\"https:\/\/casinoapps.com\/wp-content\/uploads\/2024\/08\/OnDark.svg\",\"width\":204,\"height\":40,\"caption\":\"Latest Casino Apps & Other Apps News - Casinoapps.com\"},\"image\":{\"@id\":\"https:\/\/casinoapps.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/casinoapps.com\/#\/schema\/person\/18dfeb1161befdfc5771ef45f4eb3aa9\",\"name\":\"zachwolpin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/casinoapps.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/546abd4aa56d2a78cf4a40f90e5b9f7e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/546abd4aa56d2a78cf4a40f90e5b9f7e?s=96&d=mm&r=g\",\"caption\":\"zachwolpin\"},\"url\":\"https:\/\/casinoapps.com\/author\/zachwolpin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"In July, New Jersey sportsbooks collected $80 million from a 12.3% hold","description":"Thanks to a 12.3% hold in July, New Jersey sportsbooks were able to collect $80 million in sports betting revenue.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/casinoapps.com\/2024\/08\/20\/in-july-new-jersey-sportsbooks-collected-80-million-from-a-12-3-hold\/","og_locale":"en_GB","og_type":"article","og_title":"In July, New Jersey sportsbooks collected $80 million from a 12.3% hold","og_description":"Thanks to a 12.3% hold in July, New Jersey sportsbooks were able to collect $80 million in sports betting revenue.","og_url":"https:\/\/casinoapps.com\/2024\/08\/20\/in-july-new-jersey-sportsbooks-collected-80-million-from-a-12-3-hold\/","og_site_name":"Latest Casino Apps &amp; Other Apps News - Casinoapps.com","article_published_time":"2024-08-20T13:44:26+00:00","og_image":[{"width":820,"height":492,"url":"https:\/\/casinoapps.com\/wp-content\/uploads\/2024\/08\/New-Jersey-pic.jpg","type":"image\/jpeg"}],"author":"zachwolpin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"zachwolpin","Estimated reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/casinoapps.com\/2024\/08\/20\/in-july-new-jersey-sportsbooks-collected-80-million-from-a-12-3-hold\/#article","isPartOf":{"@id":"https:\/\/casinoapps.com\/2024\/08\/20\/in-july-new-jersey-sportsbooks-collected-80-million-from-a-12-3-hold\/"},"author":{"name":"zachwolpin","@id":"https:\/\/casinoapps.com\/#\/schema\/person\/18dfeb1161befdfc5771ef45f4eb3aa9"},"headline":"In July, New Jersey sportsbooks collected $80 million from a 12.3% hold","datePublished":"2024-08-20T13:44:26+00:00","dateModified":"2024-08-20T13:44:26+00:00","mainEntityOfPage":{"@id":"https:\/\/casinoapps.com\/2024\/08\/20\/in-july-new-jersey-sportsbooks-collected-80-million-from-a-12-3-hold\/"},"wordCount":393,"commentCount":0,"publisher":{"@id":"https:\/\/casinoapps.com\/#organization"},"articleSection":["US Industry News"],"inLanguage":"en-GB","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/casinoapps.com\/2024\/08\/20\/in-july-new-jersey-sportsbooks-collected-80-million-from-a-12-3-hold\/#respond"]}],"copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/casinoapps.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/casinoapps.com\/2024\/08\/20\/in-july-new-jersey-sportsbooks-collected-80-million-from-a-12-3-hold\/","url":"https:\/\/casinoapps.com\/2024\/08\/20\/in-july-new-jersey-sportsbooks-collected-80-million-from-a-12-3-hold\/","name":"In July, New Jersey sportsbooks collected $80 million from a 12.3% hold","isPartOf":{"@id":"https:\/\/casinoapps.com\/#website"},"datePublished":"2024-08-20T13:44:26+00:00","dateModified":"2024-08-20T13:44:26+00:00","description":"Thanks to a 12.3% hold in July, New Jersey sportsbooks were able to collect $80 million in sports betting revenue.","breadcrumb":{"@id":"https:\/\/casinoapps.com\/2024\/08\/20\/in-july-new-jersey-sportsbooks-collected-80-million-from-a-12-3-hold\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/casinoapps.com\/2024\/08\/20\/in-july-new-jersey-sportsbooks-collected-80-million-from-a-12-3-hold\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/casinoapps.com\/2024\/08\/20\/in-july-new-jersey-sportsbooks-collected-80-million-from-a-12-3-hold\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/casinoapps.com\/"},{"@type":"ListItem","position":2,"name":"In July, New Jersey sportsbooks collected $80 million from a 12.3% hold"}]},{"@type":"WebSite","@id":"https:\/\/casinoapps.com\/#website","url":"https:\/\/casinoapps.com\/","name":"Latest Casino Apps & Other Apps News - Casinoapps.com","description":"","publisher":{"@id":"https:\/\/casinoapps.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/casinoapps.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/casinoapps.com\/#organization","name":"Latest Casino Apps & Other Apps News - Casinoapps.com","url":"https:\/\/casinoapps.com\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/casinoapps.com\/#\/schema\/logo\/image\/","url":"https:\/\/casinoapps.com\/wp-content\/uploads\/2024\/08\/OnDark.svg","contentUrl":"https:\/\/casinoapps.com\/wp-content\/uploads\/2024\/08\/OnDark.svg","width":204,"height":40,"caption":"Latest Casino Apps & Other Apps News - Casinoapps.com"},"image":{"@id":"https:\/\/casinoapps.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/casinoapps.com\/#\/schema\/person\/18dfeb1161befdfc5771ef45f4eb3aa9","name":"zachwolpin","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/casinoapps.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/546abd4aa56d2a78cf4a40f90e5b9f7e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/546abd4aa56d2a78cf4a40f90e5b9f7e?s=96&d=mm&r=g","caption":"zachwolpin"},"url":"https:\/\/casinoapps.com\/author\/zachwolpin\/"}]}},"_links":{"self":[{"href":"https:\/\/casinoapps.com\/wp-json\/wp\/v2\/posts\/44886"}],"collection":[{"href":"https:\/\/casinoapps.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casinoapps.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casinoapps.com\/wp-json\/wp\/v2\/users\/257"}],"replies":[{"embeddable":true,"href":"https:\/\/casinoapps.com\/wp-json\/wp\/v2\/comments?post=44886"}],"version-history":[{"count":1,"href":"https:\/\/casinoapps.com\/wp-json\/wp\/v2\/posts\/44886\/revisions"}],"predecessor-version":[{"id":44889,"href":"https:\/\/casinoapps.com\/wp-json\/wp\/v2\/posts\/44886\/revisions\/44889"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/casinoapps.com\/wp-json\/wp\/v2\/media\/44888"}],"wp:attachment":[{"href":"https:\/\/casinoapps.com\/wp-json\/wp\/v2\/media?parent=44886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casinoapps.com\/wp-json\/wp\/v2\/categories?post=44886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casinoapps.com\/wp-json\/wp\/v2\/tags?post=44886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}