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N.J. Nabs $13 Million in Taxes from Record-Breaking Sports Bets

Sept. 14, 2020, 9:51 PM

Sports betting operators in New Jersey collected $668 million in August, shattering a record previously held by Nevada, according to PlayNJ.

The highest grossing month for any legal jurisdiction in U.S. history helped the Garden State bring in $13.2 million in state and local taxes, PlayNJ found. PlayNJ is a division of PlayUSA which conducts sports betting related market research and analysis.

States have leaned on sports betting to bolster tax revenue since the Supreme Court lifted a federal prohibition on the practice in 2018. It is now fully operational in 18 states plus the District of...

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