Salary Data

Bookmaker Salary

How much does a Bookmaker make in New Jersey, United States?
Get the insights on the salary, benefits, education, and job description.
Salary Data for Bookmaker

$55,297 (USD)/yr

$27 (USD)/hr

$1,814 (USD)/yr

$54,658 (USD)/yr

$26 (USD)/hr

$1,814 (USD)/yr

Job Description
Manages establishment to receive and pay off bets placed by horse racing patrons: prepares and issues lists of approximate handicap odds on each horse prior to race, from knowledge of previous performance of horse under existing conditions of weather and track. Determines risks on each horse to refuse additional bets after maximum desired limit of liability has been reached. Records bets placed over counter or by telephone or teletype. Issues betting receipts. Pays off bets on track parimutuel basis. May supervise and coordinate activities of cashiers, gambling. May balance betting accounts and keep records as required by state or municipal authorities. May place customers' bets with cooperating bookmakers to limit liability and apportion risk. May be designated sports bookmaker when taking bets on sports, such as football, boxing, baseball, and hockey.
The average bookmaker salary in New Jersey, United States is $55,297 or an equivalent hourly rate of $27. This is 15% higher (+$7,159) than the average bookmaker salary in the United States. In addition, they earn an average bonus of $1,814. Salary estimates based on salary survey data collected directly from employers and anonymous employees in New Jersey, United States.
Compensation Data Based on Experience

$40,841 (USD)

$67,337 (USD)

Education data not available for this job

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Salary Potential

$64,105 (USD)

16 %

Based on our compensation data, the estimated salary potential for Bookmaker will increase 16 % over 5 years.

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About The Data
The above data is a sample of data available in ERI's Global Salary Calculator. The Global Salary Calculator provides compensation data for over 45,000 positions in 8,000+ cities in 69 countries. If you need to calculate competitive levels of salaries, incentives and total compensation by industry, organization size and salary planning date, please view a demonstration version of ERI's Salary Assessor, which is used by the majority of the Fortune 500 for salary survey data and compensation planning.

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