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New Jersey Super Bowl LVIII Handle Surges To $141.6 Million 1d1c4k

Sportsbooks have middling 6% hold, but they top Nevada counterparts for revenue 5f1o3w

Chris AltrudaChris Altruda
February 14, 2024
in Sports
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The Super Bowl LVIII handle of approximately $141.6 million, an impressive bounce-back from last year that also fell just short of the all-time record. 5s6e3y

Wagering was up 30% compared to 2023, when mobile betting apps combined to generate $8.5 million in revenue, good for a 6% hold.

That was a slightly better performance than Nevada, which reaped $4.6 million to the good in 2019.

Operator winnings were down more than a third from 2023, when the house won an all-time high of approximately $12.8 million while crafting an 11.7% win rate. New Jersey sportsbooks have failed to attain the industry standard 7% hold for betting on four of six Super Bowls since wagering became available on a state-by-state basis in 2018.

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Chris Altruda

Chris Altruda 30313g

Chris Altruda was a sportswriter with ESPN, The Associated Press, and STATS for more than two decades before coming to Better Collective in 2019. When not crunching sports betting revenue figures, he is usually listening to Iron Maiden or exploring Chicago neighborhoods. His Twitter handle is @AlTruda73 and can be reached via email at [email protected]

This site contains commercial content. We may be compensated for the links provided on this page. The content on this page is for informational purposes only.

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