NJ breaks own monthly sports betting record: $1.3B in bets

3 years ago 235

FILE - In this Friday, March 19, 2021, record photo, a antheral makes a sports stake astatine the Borgata casino successful Atlantic City, N.J. On Wednesday, Oct. 20, 2021, the NFL announced it is spending $6.2 cardinal connected a liable betting programme with the National Council connected Problem Gambling to thatch radical however to stake connected sports responsibly and to money and grow attraction and prevention programs for compulsive gambling.(AP Photo/Wayne Parry, File)

ATLANTIC CITY, N.J. – New Jersey's red-hot sports betting manufacture smashed its ain nationalist grounds successful October for the highest magnitude of bets taken successful a azygous month, topping $1.3 billion.

That fig easy surpassed the $1.01 cardinal worthy of bets that Atlantic City's 9 casinos and the 3 equine tracks that connection sports betting took successful September.

And it besides emphasizes conscionable however overmuch is astatine involvement successful a looming cross-border warfare for sports betting dollars erstwhile New York authorities offers mobile sports betting. Earlier this month, New York chose vendors to connection mobile sports betting with the extremity of having it up and moving earlier the Super Bowl successful February.

Nearly $1.2 cardinal of the $1.3 cardinal New Jersey outlets handled successful October was wagered online.

Over the archetypal 10 months of this year, New Jersey has taken successful astir $8.5 cardinal worthy of sports bets.

Figures released Wednesday by the New Jersey Division of Gaming Enforcement amusement the casinos and tracks collectively won implicit $448 cardinal successful October, including in-person gambling, net gambling and sports betting. That represents an summation of astir 33% from October 2020.

Internet gambling accounted for $127 million, up astir 36% from a twelvemonth ago, and sports betting gross — aft winning bets were paid retired and different expenses accounted for — was $84.1 million, up astir 44% from past October.

“Atlantic City has efficaciously extended its momentum from the summertime into the autumn season,” said James Plousis, president of the New Jersey Casino Control Commission. “Five casino-hotels surpassed their ceramic and mortar results from October 2019 and the different 4 were wrong striking distance. All of the operators person the tools that are needed to successfully vie successful this market.”

More than fractional the sports betting gross made successful New Jersey successful October was done astatine the Meadowlands Racetrack successful eastbound Rutherford, conscionable extracurricular New York City. It won implicit $44 cardinal for the month, easy outpacing Freehold Raceway (just nether $7 million) and Monmouth Park successful Oceanport adjacent the Jersey Shore ($4.5 million).

In-person casino winnings were $237 cardinal successful October, astir 28% higher than a twelvemonth ago.

The Borgata showed the biggest increase, astatine astir 61%, to $108.5 million. Golden Nugget was up astir 35% to $14.3 million; Resorts was up implicit 27% to $14.6 million, and Hard Rock was up implicit 25% to $44.3 million.

Harrah's was up astir 25% to $24.3 million; Caesars was up 14.6% to $8.9 million; Tropicana was up 14.3% to $31.1 million; Bally's was up 12.6% to astir $13 million, and the Ocean Casino Resort was up implicit 10% to $32.1 million.

Hard Rock president Joe Lupo said his casino posted the biggest summation successful in-person gambling gross successful the metropolis successful October compared to October 2019, earlier the coronavirus pandemic hit. Hard Rock was up $13 million, Ocean was up $12 cardinal and Borgata was up $10 cardinal implicit that clip frame.

___

Follow Wayne Parry connected Twitter astatine @WayneParryAC

Read Entire Article