The gambling industry in New Jersey is on its way to recovery from the COVID-19 impact after handling more than $748 million in sports bets in September. Online gaming activities in the state have also increased making September the 6th month in a row with double profits.
A New Sports Betting Handling Record in New Jersey
Sports betting at casinos and racetracks in Atlantic City hit a new record handling over $748 million in bets in September. Last month, the Garden State has set a monthly record of $668 million wagered on sports in August. But the according to the numbers revealed by the New Jersey Division of Gaming Enforcement earlier this week, September’s record significantly surpassed the one set in August. Looking at the sports betting revenue, we see that by now, New Jersey casinos and race tracks have raised $3,3 billion in revenue.
Furthermore, comparing year-on-year results, the gambling industry in New Jersey won $323.2 million in September, which marks a 6.5% increase. With that in mind, we cannot miss saying that the casinos have achieved this result, despite the occupancy cap of 25% and additional health and safety guidelines introduced due to the COVID-19 pandemic.
Focusing on online gambling revenue, we observe another significant increase when comparing year-on-year results. Last year September, there was $41.1 million raised in online gambling revenue. This year’s revenue has reached $87.6 million, which marks a significant increase of 113%.
A similar positive result is observed if the revenue