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New Jersey online and retail sportsbooks chalk up surprising May figures

Online and retail sportsbooks in New Jersey reportedly celebrated the end of the eastern state’s third year of legalized sportsbetting in May by posting aggregated handle of $814.3 million.

According to a Wednesday report from the online news domain at PlayNJ.com citing official information released by the New Jersey Division of Gaming Enforcement, the result for what is typically a slow month represented a rise of 591.1% year-on-year and was an 8.9% improvement on the $748 million recorded for April. The source moreover detailed that the May wagers had subsequently produced combined revenues of $52.9 million, which equated to a boost of 433.6% from the $9.9 million seen for the same 31-day month in 2020, while yielding $7.9 million in taxes.

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