ATLANTIC CITY, N. J. – New Jersey’s fashion sports market set the national record for the most sports for the third consecutive month in October with more than $803 million among players.
Figures released Friday through the State Gaming Compliance Division show that Atlantic City casinos and the 3 sports racetracks jointly earned $803,096,172.
This broke past monthly state records of $667. 9 million in August and $748. 5 million in September.
The past record for the total amount of the bet, or “handle”, $614 million, set in Nevada in November 2019.
Total gaming revenue in casinos and courts increased to 15% in October to $338 million.
But as has been the case recently, most of those winnings come from gambling and sports betting; In-person gaming profits at all nine casinos fell 8% to $186. 1 million in October.
“The casino’s profit represented 92% of last October’s performance, the two years are not comparable,” said James Plousis, chairman of the New Jersey Casino Control Commission. “During this time, Atlantic City continues to resist permanent restrictions on capacity, appliances and entertainment. “
Casinos are limited to 25% of their capacity under state-imposed regulations designed to curb the spread of coronavirus and on Friday, the city’s most productive casino, the Borgata, fired 73 employees and reduced operating hours through another 349 in reaction to virus regulations that took effect Thursday night banning eating and drinking indoors after 10 p. m.
Ocean Casino Resort posted the largest monthly profit, up 37% at $29. 1 million since October 2019.
“Ocean has finished its twelfth consecutive operating month of year-over-year growth,” said CEO Terry Glebocki. “We are grateful to our consumers for their loyalty, even in those unprecedented times. “
Hard Rock was up 25. 6% from the prior year to $ 35. 4 million; Golden Nugget was up 21. 2% to $ 38. 6 million; Borgata rose 10. 5% to $ 67. 5 million; and Tropicana rose 3. 5% to $ 27. 2 million.
Harrah’s recorded the biggest drop since October 2019, 19. 5% to $19. 4 million. Bally’s, which is sold to a Rhode Island company that followed Bally’s call monday, fell 17. 1% to $11. 4 million; Caesars fell 12. 5% to $19 million and Resorts fell 7% to $11. 5 million.
Online gambling revenue increased more than double in October to $93. 4 million, as some players continued to feel more comfortable betting online than in a casino due to the pandemic.
The amount of cash stored in casinos and tracks after paying for winning bets and expenses was $58. 5 million, more than 26% from the previous year, but this cash is shared between sports e-book operators and other third-party vendors, and does not constitute a natural benefit to casinos.
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