New Jersey’s casinos and horse tracks that take sports bets saw their revenue increase by 10.4% in February.
Those figures include both in-person and online types of gambling.
Money won from in-person gamblers gained only slightly for the month, and only three of the nine casinos won more than they did in February 2019, before the coronavirus pandemic hit.
Figures released Thursday by the New Jersey Division of Gaming Enforcement show the casinos and tracks won over $412 million in February, up 10.4% from a year earlier.
ATLANTIC CITY’S HARD ROCK CASINO HIRES NEW MANAGEMENT TEAM
Those entities may have won that amount, but the online proceeds must be shared with third parties like sportsbooks and tech platforms.
Up to 70% of online winnings are shared with these outside parties, casino executives say.
When it comes to on-site gambling, casinos won nearly $215 million, up 1.2% from a year earlier. Only three casinos, Borgata, Hard Rock and Ocean, won more from in-person gamblers last month than they did in February 2019.
NJ LOOKS TO EXTEND ONLINE GAMBLING AUTHORIZATION ANOTHER 10 YEARS
Internet gambling brought in $142.5 million, up nearly 10% from a year earlier.
February sports bets including the Super Bowl totaled $847.4 million, with $54.6 million left after paying off winning bets and other expenses.
IN-PERSON REVENUE
INTERNET AND SPORTS BETTING INCLUDED
CLICK HERE TO READ MORE ON FOX BUSINESS
Among internet-only entities, Resorts Digital won $48.2 million, up more than 25% and Caesars Interactive NJ won $8.3 million, down 17.5%.
The Associated Press contributed to this report.
