NJ gambling revenue down 66% in June

Revenue remained down in June due to continued casino closures.
Revenue remained down in June due to continued casino closures.

New Jersey reported a 66% decline in gambling revenue due to continued casino closures, although it saw an increase from online gambling and sports.

US.- The New Jersey Division of Gambling Enforcement has revealed that revenue fell 65 per cent year-on-year in June results due to the continued closure of casinos across the state.

Figures show the state’s nine casinos and two horse tracks that offer sports betting brought in US$97.5 million in June, a decline of 65.6 per cent from the same period last year. May revenue’s was similar, with a fall of 65.4 per cent compared to 2019 figures.

Numbers are expected to now begin to recover as the majority of venues reopened on July 2.

June’s revenue came mainly thanks to a growth in online revenue, up to nearly US$85 million, from US$38 million last year. There was also some revenue from very reduced sports betting options, including European soccer, Asian baseball and mixed martial arts. Sports generated US$12.6 million, up from US$9.7 million a year ago.

James Plousis, chairman of the New Jersey Casino Control Commission, said to the AP news agency: “June was the last full month of casino closures, and the figures reflect the historic business disruption across the region and beyond. Now that casinos have begun welcoming back visitors with appropriate limits, Atlantic City has started on the road to recovery.”

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