“The combination of Labor Day weekend and the return of indoor dining, limited to 25%, afforded us the opportunity in September to continue the momentum created here at Ocean,” she said. The Ocean Casino showed the largest percentage increase in September revenue in Atlantic City, and CEO Terry Glebocki said that was due to serval factors. The Tropicana won $26.1 million, down nearly 10% Harrah’s won $19.5 million, down 26.6%, and Caesars won $18.9%, down 1.8%. Golden Nugget won $37.5 million, up 16.3% Hard Rock won $35.8 million, up 12.5%, and the Ocean Casino Resort won $29.5 million, up nearly 22%. The Borgata won $64 million in September, down 2.8% from a year earlier. Casinos are currently limited to 25% occupancy as a precaution to prevent the spread of the coronavirus. Including casino games, the gambling industry in New Jersey won $323.2 million in September, an increase of 6.5% over last September, when there was no pandemic and casinos were operating at full capacity. The $748 million includes the total amount of bets accepted by the casinos and tracks after paying off winning bets and expenses, they kept $45 million of that total. It quickly dominated the East Coast market and challenged Nevada for the national lead. Supreme Court case in 2018 allowing all 50 states to offer legal sports betting should they so choose. That equals or surpasses what Atlantic City used to make in an entire year from casino gambling before sports betting was legalized. So far this year, New Jersey casinos and tracks have taken in nearly $3.3 billion in sports bets alone. record of $614 million set in Nevada in Nov. Nevada: The Silver State has the lowest tax in the nation on gaming and sports betting - 6.75 percent.įigures released Thursday from the New Jersey Division of Gaming Enforcement show Atlantic City’s nine casinos and the three horse racing tracks that offer sports betting handled over $748 million in bets, easily surpassing the national monthly record they set just a month earlier, when $668 million was wagered on sports in August.īoth figures easily eclipsed what had been the U.S. Any sports betting tax revenue collected from New Jersey’s racetracks goes into the State of New Jersey General Fund, and the new 1.25 percent additional tax will go the municipalities in which the racetracks are located. New Jersey: monthly sports betting revenue 2018-2020 Published by S. (AP) - New Jersey’s fast-growing sports betting market blew past its own national record in September, taking in more than $748 million in bets from sports gamblers finally able to wager on football amid the coronavirus outbreak.

Nj sports betting revenue