Online Casinos Boost New Jersey's January Numbers
February 14, 2019
The January gambling numbers for New Jersey are in and overall, the state did quite well with its across the board gambling operations. However, the numbers for Atlantic City came in a bit weak as resident gamblers took advantage of other options.
Overall, New Jersey saw a near 25% increase in net wins, bringing in $229.6 million. Those numbers include income from Atlantic City operations, online casinos, and sports betting operations from all over the state. For the month, land-based casino gross gaming revenues from Atlantic City operations totaled $177.2 million. In 2018, New Jersey's casino gambling mecca brought in $2.85 billion for the year, which was the highest number since 2013.
With the recent additions of online casino gambling and sports betting throughout the state, the numbers should continue to show dramatic rises. For January, Internet casinos brought in $33.6 million in winnings, a 53 percent surge over the prior month, and sports books had income of $18.77 million from sports bets. The $52.3 million from these two sources more than covered the state's $45 millions increase over the numbers that came in for the same period from the prior year.
In the coming months, much of the state's gambling revenue focus is going to be on sports betting. The numbers for February will likely be skewed as the state's land-based and mobile bookmakers took a significant hit on the Super Bowl with the betting heavily favoring the New England Patriots, who opened as underdogs and ended up going off as 2.5 point favorites. The actions was also significant on the under total of 57.
The revenues from sports betting operations showed a significant increase for the month. Sports book operator reported printing $385.28 million worth of ticket slips. The Resorts Casino and its mobile sports book partner DraftKings led the way for New Jersey sports book operators with revenues of just under $7.0 million while Ocean Resort’s William Hill sports book came in second with $1.2 million in revenues.
At this time, all nine Atlantic City casinos have a sports book while there are several mobile platforms also in operation.