Sports Betting State Revenue

What state makes the most revenue from sports betting? New Jersey

How much was wagered by state?

• $4.6 Billion in New Jersey
• $6.6 Billion in Las Vegas

How does New Jersey end up with more revenue?

• A higher tax rate 8.5% for in person betting, and 13% for online betting, while NV taxes all sports betting at 6.75%
• 80%+ of sports betting in NJ is online

What does sports betting revenue look like for states from June 2018 to September 2019?

• $36.12 M for New Jersey
• $27.51 M for Nevada
• $19.76 M for Pennsylvania
• $9.53 M for Delaware
• $6.1M for Rhode Island
• $4.7 M for Mississippi
• $2.56 M for West Virginia
• $0.81 M for Indiana
• $0.48 M for Iowa
• $0.35 M for New York
• $0.04 M for Arkansas

Market Watch | This state makes the most tax revenue from sports betting — and it’s not Nevada