[jjgold]

Quick reminder on handle vs. revenue: The term “handle” represents the total sum of all wagers placed. “Revenue” is what’s left over after sportsbooks pay out the winning tickets — the gross profit.


NJ data is separated by operator, of which there are currently three. The revenue numbers break down like this, bearing in mind that the Ocean Resort Casino just opened on June 28:


Monmouth Park: $2,279,166
Borgata: $986,831
Ocean Resort Casino: $192,671
Betting handle is also itemized by sport and type:


MLB: $10.1 million total, $130,177 futures
Soccer: $2.2 million total, $500,247 futures
NFL: $280,611 futures


Land-based sports betting revenue is taxed at a rate of 8.5 percent, so the state of New Jersey earned just less than $300,000 across the reporting period. Projections vary, but some lawmakers expect to realize annual tax revenue approaching $100 million.



If we extrapolated the NJ sports betting numbers across a 30-day month, they’d look like this:



Handle: $28,958,151
Revenue: $6,103,532
Taxes: $518,801


The reporting method makes direct comparison a little tricky, but you can see the recent data from other states here:

[7deuceoff$uit]

Is this the random shift JJ?

[pavyracer]

When football starts it will skyrocket.

[jjgold]

It’s not bad but the revenues are only going to pay the bills and employees but it’s better than nothing and generates job and crowds to promote other businesses

[vividjohn45]

It's good jj. When the hard Rock casino gets a sports book in Tulsa. (Oklahoma by next year). I'll invite you to Tulsa for a few days stay there at hard Rock and give you two $100 bets. I'll pay the juice up to -115. I saw three jackpots hits on the main floor within a hour or so. The gal I was with, I sponsored her slots play. I don't play at all, I was there for the blow job. (Sloppy).

[grease lightnin]

Lots of tremendous squares in NJ

[jjgold]

Football should be real big

[PAULYPOKER]

-I suggest you stop fighting the inevitable, JJ..........

Accept and adapt...........

[USCPHILLYGUY]

Of course forgets to mention that online wagering should be up and running in a few weeks. Can only imagine what the numbers will be then.

[juicername]

No way this is one of the usual JJ Gold users.

Multi accounting allowed???

[Optional]

When the general public who have not gambled simply because it was illegal start to get involved the numbers will bloat. That might take quite a few years for public perception to change. But it will happen and the states will hit their big revenue targets eventually.

[jjgold]

NJ Meadowlands will always have the biggest numbers

States now will study NJ and say wtf we are going to let our states go visit other states to gamble?????

NY will be forced to pass

PA gov't will be forced to lower lic fee

[SBR Tony]

NJ Meadowlands will always have the biggest numbers

States now will study NJ and say wtf we are going to let our states go visit other states to gamble?????

NY will be forced to pass

PA gov't will be forced to lower lic fee

and the Tax rate, because nobody wants to pay 36%

[BuckyOne]

Did the state of New Jersey offer scratch tickets - power ball - video lottery - anything like that? Will some states feel their revenue would fall way off on those forms if they were to legalize sports betting?

[jjgold]

Did the state of New Jersey offer scratch tickets - power ball - video lottery - anything like that? Will some states feel their revenue would fall way off on those forms if they were to legalize sports betting?

NJ has everything

[pavyracer]

No way this is one of the usual JJ Gold users.

Multi accounting allowed???

The video guy can't spell or use grammar. This is the summer intern they hired to fill in posts when the coach is on vacation.

[jjgold]

Paver I will be visiting the Greek Isles next week for a soccer tourney I am
In. The club I am on got invited.

[nyplayer33]

Took usa all these years to do it...UK had it legal forever. New Jersey sports betting will sky rocket...boom

[nyplayer33]

Once everybody knows about sports gambling...it will takeoff

[jjgold]

NJ has to hope NY does not get it for a while

[Snowball]

The bill attaches an 8.5 percent tax to winning sports bets placed at brick-and-mortar locations,
along with a 13 percent levy from winning bets made online.

Question: is that a walk-away number or do you have to file over the IRS threshold in addition

[19th Hole]

The video guy can't spell or use grammar. This is the summer intern they hired to fill in posts when the coach is on vacation.

~~The new JJ with a G.E.D.

[PAULYPOKER]

No one can take an opinion from anyone involved in the offshore sports gaming business
as their opinions will be emotionally biased...........

[Lenny Zefflin]

What the hell? A month handle would be 30 mil and the book would keep a revenue of 6 mil? That's about 20%. Unless they are counting futures as handles and 100% revenue since they haven't been paid out yet.

Quick reminder on handle vs. revenue: The term “handle” represents the total sum of all wagers placed. “Revenue” is what’s left over after sportsbooks pay out the winning tickets — the gross profit.


NJ data is separated by operator, of which there are currently three. The revenue numbers break down like this, bearing in mind that the Ocean Resort Casino just opened on June 28:


Monmouth Park: $2,279,166
Borgata: $986,831
Ocean Resort Casino: $192,671
Betting handle is also itemized by sport and type:


MLB: $10.1 million total, $130,177 futures
Soccer: $2.2 million total, $500,247 futures
NFL: $280,611 futures


Land-based sports betting revenue is taxed at a rate of 8.5 percent, so the state of New Jersey earned just less than $300,000 across the reporting period. Projections vary, but some lawmakers expect to realize annual tax revenue approaching $100 million.



If we extrapolated the NJ sports betting numbers across a 30-day month, they’d look like this:



Handle: $28,958,151
Revenue: $6,103,532
Taxes: $518,801


The reporting method makes direct comparison a little tricky, but you can see the recent data from other states here:

[grease lightnin]

The video guy can't spell or use grammar. This is the summer intern they hired to fill in posts when the coach is on vacation.

Pavy hows your milf doing, bro?

[sweep]

The bill attaches an 8.5 percent tax to winning sports bets placed at brick-and-mortar locations,
along with a 13 percent levy from winning bets made online.

Question: is that a walk-away number or do you have to file over the IRS threshold in addition

these tax fees are for the casino operator, not the player

[vividjohn45]

Yah. If I move it's Vegas or Philadelphia. The biggest plus of Vegas though, is it's 5 hours to Tijuana.

[PAULYPOKER]

^ Eating barbecued iguana.........

[matrix1022]

It’s been great at Borgata !!! I’m doing well and some buddies of mine . Can’t believe the money that is finally in our hands . We been hanging at Borgata every day . I have a house up north jersey. ( good rentals). And house (shore ) where I live and it’s been exciting ! Say the least. I met to guys up in upstate and gave me 2 ufc fighters and both won (dan +220 ) was very nice to hit . Been betting Boston and against Mets and doing great ! It’s going to explode every day and beyond football . We get paid cash !! Few guys were negative because they don’t have money and see nothing else to say to guys winnings. (The odds are high and you can’t win ) yea right. My buddy won over 47 ,000 already. Betting against Mets and Os. So instead of being negative, congratulate and you get a few free drinks on him . Some guys are so stupid , well it’s been great and hope some guys here join in and win !! Borgata plans are awesome on new sports book . I seen the beautiful plan that it’s going to look like . Can’t wait to get my noir card almost there !

[jjgold]

Lol

Good one but you’re going down a path of compulsive gambling

Way better things to do in life then gamble every day stop wasting your time

I’m already out walking in a beautiful park and rarely ever touch casinos or sports books

We are from a cast system and raise that’s not proper to be around nor associate with gamblers in person

[matrix1022]

Love it !! Been in around whole life waiting for great sports life making money . I remember they asked me what number 1 thing I wanted in race and sports book. And I said no smoking ! Got it !! Live well ! No regrets ! Good great ! Swim daily , enjoy life at its fullest! I love this life !!!

[PAULYPOKER]

It’s been great at Borgata !!! I’m doing well and some buddies of mine . Can’t believe the money that is finally in our hands . We been hanging at Borgata every day . I have a house up north jersey. ( good rentals). And house (shore ) where I live and it’s been exciting ! Say the least. I met to guys up in upstate and gave me 2 ufc fighters and both won (dan +220 ) was very nice to hit . Been betting Boston and against Mets and doing great ! It’s going to explode every day and beyond football . We get paid cash !! Few guys were negative because they don’t have money and see nothing else to say to guys winnings. (The odds are high and you can’t win ) yea right. My buddy won over 47 ,000 already. Betting against Mets and Os. So instead of being negative, congratulate and you get a few free drinks on him . Some guys are so stupid , well it’s been great and hope some guys here join in and win !! Borgata plans are awesome on new sports book . I seen the beautiful plan that it’s going to look like . Can’t wait to get my noir card almost there !

Lol..........Sounds like the author and 90% of SBR players talk posters........

[jjgold]

He is a tout..typical set up

[Snowball]

these tax fees are for the casino operator, not the player

What is the IRS threshold for sports bets ? 600? 1200?
5,000 W-2g ? CRT ?
Big handle + big tax + run by states who keep records of all bets

[jjgold]

good to hang at a book to mix it up and if your a non serious player

Anyone else you need offshore