New Jersey gambling revenue increased by 10.4 percent in February. However, in-person gamblers did not do as well as other industry sectors. As a result, only three out of the nine NJ casinos earned more than they did in February 2019.
The New Jersey Division of Gaming Enforcement report showed tracks and casinos earned more than $412 million in February. It was 10.4 percent from the previous year. However, the numbers could be misleading because they included online gambling revenue. According to PPH bookie sources, casinos and tracks share 70 percent of online winning with third-party operators.
Regarding on-site gambling, casinos earned around $215 million, an increase of 1.2 percent from the previous year. According to sportsbook pay per head reports, Hard Rock, Ocean, and Borgata earned more from in-person gambling in February than in the same month in 2019.
New Jersey Gambling Revenue
According to sports handicapping experts, an increase of nearly 10% from the previous year, online gambling generated $142.5 million. In addition, $847.4 million was wagered on sports in February, including the Super Bowl, with $54.6 million remaining after winning wagers and other costs were deducted.
In-person revenue at Bally’s was $12.2 million, up 14.3 percent from the previous year; at Borgata, it was $57.4 million, up 8.8 percent; at Caesars, it was just over $19 million, up 1.4 percent; at the Golden Nugget, it was $11.1 million, down nearly 14 percent; at the Hard Rock, it was $37.5 million, up less than 1 percent; at Harrah’s, it was $21.3 million, up 8.1 percent; at the
Bally’s took in $18.1 million, up 49%. Borgata took in $101.2 million, up 7.4%. In addition, Caesars took in $19.2 million, up less than 1%. The Golden Nugget took in $47.8 million, virtually unchanged from the previous year. Also, Hard Rock took in $44.4 million, down less than 1%. Harrah’s took in nearly $21 million, up 7.4%. On the other hand, Ocean took in $30.1 million, down 2.2%. Lastly, Resorts took in $12.6 million, down 5.
Resorts Digital, an online-only company, took home $48.1 million, up more than 25%, while Caesars Interactive NJ, also online-only, took home $8.3 million, down 17.5%.
