Get a Grip: The Week In Sports Betting & Sports: NJ Sports Betting Handle, Congress Coming & Much More
The post Get a Grip: The Week In Sports Betting & Sports: NJ Sports Betting Handle, Congress Coming & Much More appeared first on SportsHandle.
It’s information overload everywhere, and there’s not time enough to sleep and eat and stay fully apprised of what’s happening on this crazy blue dot of ours (two out of three ain’t bad).
Here’s the weekend Sports Handle item, “Get a Grip,” recapping the week’s top stories, and rounding up key stories in sports betting, gaming, and the world of sports at large. You may have missed them, and they are worth reading.
NJ Sports Betting Revenue Exceeds (Some) Expectations And Will Rise Much Higher; Feds May Get Involved In Sports Betting, But How; Much More
A lot to get here. Off the top rope: The NJ sports betting August revenue report came in on Wednesday and the results indicated what we expected: the Garden State market is going to get large.
In a month in which four physical sportsbooks operated throughout and four more for a portion of the month; with the DraftKings Sportsbook operating digitally for most of the month and two more digital launches in the final week, the total handle reached $95.6 million and total sportsbook gross revenue was $9.18 million. The books online — the vast majority by DK — generated $2.97 million on a $21.7 million handle. In retail, the FanDuel Sportsbook at the Meadowlands Racetrack led the way with over $3 million in revenue while no other property cracked $1 million.