In four of the first 10 months of 2021, New Jersey online casino operators produced more than twice as much gross revenue as their sports betting operator counterparts.
But in November, the books beat the sports betters so bad that the two revenue figures were nearly identical, according to figures Thursday from the New Jersey Division of Gaming Enforcement.
Just one month after the sportsbooks held a record $84.2 million in wagers from the public’s losing bets, along came November and a far superior $114.8 million in revenue — nearly a 10% “hold” in an industry that often has to settle for just over half that margin.
