by Ben Fiore | Jun 29, 2022 1:12 pm | Revenue
The New York sports betting market has a 51% tax, compared to New Jersey only having a 13% tax rate, making it hard for NY Sports Betting Operators. FanDuel has led New York with 47% of the mobile sports betting market share in the month of June, with Draft Kings...
by Giovanni Shorter | May 17, 2022 10:33 am | Revenue
New Jersey’s streak of $1 billion betting handle months comes to an end in April 2022 as sportsbooks raked in $926.9 million. The betting handle is actually up 23.9% compared to April 2021 but revenue is slightly down 8.2% year over year, however. TRENTON, N.J. – New...
by Giovanni Shorter | Apr 19, 2022 3:06 pm | Revenue
New Jersey sportsbooks saw $1.1 billion bet on sports in March 2022. More than 90% of the total handle came from mobile and online sportsbooks. March Madness betting carried the market, with over 17 million basketball bets in March. TRENTON, N.J. – New Jersey sports...
by Evan Thornton | Mar 28, 2022 10:38 am | Legal
New Jersey lawmakers are deliberating a bill to divert some tax allocation to the benefit of Atlantic City. Mayor Marty Small believes the city should see more funds from the taxes imposed by the state. ATLANTIC CITY, N.J. – A new bill made its way through the...
by Jerad Paparella | Mar 17, 2022 1:26 pm | Legal
New Jersey’s sportsbooks had a rough month in February, with sports betting handles down a significant 26.9%. The decrease in handle led to New Jersey losing its five-month streak of generating a sports betting handle of at least $1B. TRENTON, N.J. – February...
