The numerous online and land-based sportsbooks serving the American state of New Jersey reportedly set a nationwide record in September after becoming the first to collectively process over $1 billion in monthly handle.
According to a Monday report from VSiN citing official information from the New Jersey Division of Gaming Enforcement, the many sportsbooks in ‘The Garden State’ racked up aggregate September handle of $1.01 billion. The source detailed that this beat the previous monthly high of $996.3 million set in December to take New Jersey’s tally since the revocation of the Professional and Amateur Sports Protection Act (PASPA) in 2018 to beyond $19 billion.
Gridiron growth:
Thomas Gable serves as the Sportsbook Director for the Borgata Hotel Casino and Spa and he reportedly declared that his Atlantic City venue’s in-house sportsbetting operation ‘has certainly grown dramatically in only a few short years’ with its recent performance being helped as punters wagered on action from the latest National Football League (NFL) season.
Gable reportedly stated…
“With the return of football in September, that gave the business the boost needed to get over the $1 billion threshold for handle. Our book had a record month in terms of revenue and handle.”
Superior spot:
VSiN reported that the September result means that New Jersey now sits above Nevada in terms of the American jurisdiction with the largest historical sportsbetting handle while simultaneously besting 27 other states where the activity is legal to hold down every one of the country’s top-ten monthly records. However, the source explained that this lucrative situation could soon change dramatically as neighboring New York is expected to go live with its own online sports wagering regime from early next year.
Dominant destination:
For its part and the online news domain at NJ.com used its own Monday report to divulge that the landmark result meant that casinos and horseracing tracks in New Jersey racked up well over $82 million in revenues from sportsbetting in September. This source moreover noted that Meadowlands Racetrack, which runs a pair of sportsbooks in partnership with FanDuel Group and PointsBet USA, accounted for half this total with the state’s aggregated handle so far this year standing north of $7 billion.
Prominent participants:
The nine casinos in Atlantic City reportedly also had a good September as their aggregated revenues for the 30-day period increased by roughly 30% year-on-year to reach slightly over $248.5 million. These venues purportedly furthermore saw their receipts from online gaming rise by almost 40% to about $122.5 million with the Borgata Hotel Casino and Spa assuming top spot overall courtesy of a 75% improvement to pocket in the region of $111 million from gamblers.
In terms of other pleased players and NJ.com reported that the Hard Rock Hotel and Casino Atlantic City property saw its September gaming revenues swell by approximately 36% year-on-year to hit $48.6 million while the nearby Tropicana Atlantic City booked an impressive 33% improvement to win $34.8 million. This source disclosed that there was additionally an 8.5% associated boost to monthly receipts for the Ocean Casino Resort to $32.1 million with Harrah’s Resort Atlantic City rounding out the top-five courtesy of a 42.5% bump to $27.8 million.
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