New Jersey Posts $315 Million July Sports Betting Handle

Sports Betting

New Jersey’s casinos and horse tracks won $264.5 million in July after reopening amid the coronavirus outbreak, a figure that was down nearly 21 percent from a year ago, but one the gambling houses will gladly take after months of inactivity.

Figures released on August 12 by the state Division of Gaming Enforcement reflect the first month of resumed operations , albeit at 25 percent of normal capacity, that the casinos and tracks were permitted to undertake.

Online gambling revenue more than doubled in July to $87.4 million, and sports betting revenue was $29.5 million, up 65 percent over July 2019 levels, with sports including baseball, basketball and hockey resuming their seasons late in the month.

The state’s online and retail sportsbooks collected $315.1 million in wagers in July, up 25.3% from $251.4 million in July 2019 and up 91% from $165 million in June.

James Plousis, chairman of the New Jersey Casino Control Commission, said “While public health remains a concern, the tourism and gaming sector has started on the road to recovery. I know that Atlantic City is resilient and, given time, it will rebound.”

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