NFL drives New Jersey’s sports betting results

NFL drives New Jersey’s sports betting results

Gambling revenue in New Jersey increased by more than 30% in January, led by sports betting’s performance and the NFL playoffs.

US.- The New Jersey Division of Gaming Enforcement (DGE) released on Wednesday the financial figures from January operations. Last month, gambling revenue increased by more than 30% thanks to sports betting in New Jersey, which grew due to the NFL playoffs before the Super Bowl.

Revenues totalled more than US$300 million in January in New Jersey, up 30.9% from the same period in 2019. Players spent over US$540 million on sports and registered the third-highest monthly total since the state kicked off its operations in June 2018. Revenue from sports betting was US$53.5 million, or a 185% increase year-on-year.

Online gambling continued its positive trend and totalled US$55 million in revenue in January, approximately a 64% increase when compared to the operations that took place during the same period last year.

Atlantic City results

Total gaming revenue reported by the city’s nine casinos was US$270.5 million in January, around US$50 million more or 22.6% over January 2019.

James Plousis, chairman of the Casino Control Commission (CCC), said: “Atlantic City continued its momentum with strong results in January. Revenue from slots, table games, internet waging, and sports wagering all grew. Internet and sports wagering did particularly well, bolstering the industry’s performance in the middle of the traditional offseason.”

Table games and slot machines revenues rose 8.3%, led by Hard Rock Hotel & Casino Atlantic City and Ocean Casino Resort’s growth. They were ranked third an sixth but their increases over 2019 were outstanding.

“January was our seventh consecutive month of double-digit growth,” said Ocean Casino Resort CEO Terry Gleboki. “We were exceptionally pleased with our slot revenues, which increased 87% over last January. We will continue to invest in our property and our new high limit slot parlor, new Asian gaming salon and new VIP lounge are on their way.”

Moreover, sports betting in Atlantic City registered a 139.9% rise with US$23.4 million in revenue for casinos and their online and mobile partners.

“Guests who came to wager on sports events took the opportunity to explore Atlantic City’s abundant gaming and non-gaming options,” said Plousis. “Casino executives I’ve spoken with were very pleased that customers stayed longer to enjoy the city’s diverse dining and entertainment offerings. Making investments that lead to positive customer experiences can provide strong competitive advantage for Atlantic City.”

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New Jersey sports betting