Sports betting handles across the country fell in the month of April, and even New Jersey, the top betting state, was not immune to the decrease. Still, has has been the case each month for more than a year, the Garden State turned the biggest handle in the U.S. market.
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Here are three takeaways from New Jersey’s April numbers:
New Jersey Sees Drop
New Jersey typically sees one of the largest sports betting handles in the country, and that remained true for April, but the state did experience a drop-off from March. April’s handle was $747.9 million, which was a 13% decrease from the March total of $859.6 million.
New Jersey Sports Betting, April vs. March
| Total handle | Mobile handle | Revenue | |
|---|---|---|---|
| April | $747.987M | $681.177M | $54.839M |
| March | $859.618M | $780.145M | $60.755M |
| Change | Down 13.0% | Down 12.7% | Down 9.7% |
Mobile Betting on Top
As has been the case in months past, mobile betting was once again the preferred method of wagering for New Jersey bettors. Mobile wagers accounted for 91.1% of the total handle for the state, with $681.1 million. This is the largest mobile betting handle in the country.
April Numbers Not Far Behind March
March is a month that sees large numbers, and amounts of bets placed across the country, thanks to college basketball’s NCAA Tournament. Partly because of this, the total gaming revenue in March is expected to be higher than most other months. April did see a decrease in total gaming revenue in New Jersey, but the month was close to reaching March’s numbers, coming in at $353.2 million, just a 2% decrease from March’s $359.3 million.
