September proves successful for New Jersey sportsbooks

Online and land-based sportsbetting operators in New Jersey reportedly chalked up almost $24 million in earnings last month off of a $184 million in wagers and helped the eastern state’s gaming sector to push its overall September takings up by 19.5% year-on-year to over $281.6 million.

Meadowlands Racetrack comes out on top:

According to a Monday report citing official statistics by the New Jersey Division of Gaming Enforcement (pdf), Meadowlands Racetrack has been the biggest land-based winner in September as its sportsbook recorded annual gross earnings in excess of $4.3 million. This was followed by Atlantic City’s Borgata Hotel Casino and Spa as its takings hit almost $2.4 million while Monmouth Park Racetrack managed to post an extremely respectable tally slightly above $2.1 million.

The statistics showed that none of those remaining land-based sportsbetting surgeries in New Jersey had managed to crack the $1 million barrier regarding September gross earnings although Ocean Resort Casino came close as its yearly tally hit $999,858.

PlayUSA.com reported that the statistics for September were particularly significant because the 30-day interval represented the first full operational month for most of the state’s seven online sportsbooks. Of these, that the DraftKings.com service operated in partnership with all Resorts Casino Hotel held the top place with gross annual earnings above $8.5 million.

Lucrative PASPA change:

New Jersey started devoting land-based sportsbetting licenses in June following the earlier invalidation from the United States Supreme Court of the skilled and Amateur Sports Protection Act (PASPA) while local punters have been in a position to place wagers online with DraftKings.com since the very first day of August.

Runner-up place for FanDuel.com:

The figures from the New Jersey Division of Gaming Enforcement also showed that the locally-licensed online sportsbook at FanDuel.com, which is given by means of a partnership with Meadowlands Racetrack, recorded September gross earnings of $2.8 million. Of the remaining five services, the PlaySugarHouse.com sportsbetting domain accredited through Golden Nugget Atlantic City had a monthly gross tally of $619,030 followed closely by Ocean Resort Casino and Monmouth Park Racetrack with earnings of $292,081 and $70,785 respectively by their arrangements with WilliamHill.com.

Rounding out the New Jersey-licensed online sportsbetting providers and PlayUSA.com reported that Borgata Hotel Casino and Spa’s PlayMGM.com domain saw its gross earnings for September reach $120,938 while the CaesarsCasino.com and 888Sport. Com sites from the Caesars Interactive Entertainment subsidiary of Caesars Entertainment Corporation chalked up a combined monthly total of $106,463.

Regulator salutes ‘superb’ outcomes:

David Rebuck, Director for the New Jersey Division of Gaming Enforcement, also utilized an official announcement to hail ‘another month of superb revenue increases’ this was helped by the ‘explosive expansion in sports wagering’ combined together ‘continuing improvements in Internet gaming and bricks-and-mortar casino triumph effects.

Reluctantly read Rebuck’s announcement …

“The revenue results point to a solid finish for New Jersey’s gaming sector in 2018. ”