Sports betting brought in more than $1 billion in April, with $106 million of that total kept as revenue after paying off winning bets and other expenses.
ATLANTIC CITY — New Jersey’s casinos, horse tracks that accept sports bets and their online partners won more than half a billion dollars from gamblers in April, an increase of 10.4% from a year earlier, state gambling regulators said Thursday.
But money from internet and sports bets must be shared with casino partners such as sports books and tech platforms and is not solely for the casinos to keep. For that reason, casinos consider in-person winnings to be their core business.Six of the nine casinos won less from in-person gamblers in April than they did a year earlier. And six of nine casinos also won less in-person money this April than they did in April 2019, before the COVID-19 pandemic hit.
In terms of in-person revenue, the Borgata won $58.3 million, up half a percent from a year earlier; Hard Rock won $41.1 million, up 6%; Ocean won $28.8 million, down 15.6% in a month during which part or all of its casino floor was shut down for four days while switching from one computer system to another; Tropicana won $17.7 million, down 9.2%; Harrah’s won $16.4 million, down nearly 25%; Caesars won $16 million, down 18.4%; Bally’s won $13.1 million, down 4.9%; Golden Nugget won $12.
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New Jersey overall gambling revenue up 10.4% in April, but in-person casino winnings were downNew Jersey’s casinos, horse tracks that accept sports bets, and their online partners won more than half a billion dollars from gamblers in April, an increase of over 10% from a year earlier. But figures released Thursday by state gambling regulators show that was due in large part to the state’s second-best month ever for internet gambling.
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