New Jersey sports betting handle growth slows in February
The New Jersey Division of Gaming Enforcement reported $46.2 million in sports wagering gross revenue for the month of February, an increase of 171% or nearly $30 million in sports wagering revenue reported in February 2020, but short of the record $82.6 million recorded in January of this year.
The Borgata posted the highest sports wagering revenue this past month, at $4.96 million, also an increase over its February 2020 sports wagering revenue of just over $714,000.
The Meadowlands posted the highest sports wagering revenue figure for any New Jersey institution, and all racetrack licensees, reporting $27.18 million this past month compared with $10.9 million in February 2020.
Year-to-date New Jersey reports $128,584,141 in sports wagering gross revenue compared with $70,562,554 at this point in time year-to-date in 2020.
For the month of February 2021, total gaming taxes were $30.2 million. The state currently imposes an 8% tax on casino gross revenue, 15% of Internet gaming gross revenue, 8.5% tax on casino and racetrack sports wagering gross revenue and 13% tax on casino and racetrack sports wagering Internet gross revenue.
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