New Jersey Sees Record-Breaking Internet Gambling and Sports Betting in November
Online and sports betting contribute to 45% of Atlantic City's revenue, as in-person gambling continues to lag behind pre-pandemic levels.
- Internet gambling and sports betting set new records in New Jersey in November, with more than $171.5 million won from online table games and slots by casinos and their technology partners.
- Casinos and three horse tracks that accept sports bets took in $1.62 billion worth of bets in November — another record.
- Internet and sports betting accounted for about 45% of Atlantic City's revenue in November.
- Of the nine casinos in New Jersey, only Hard Rock and the Ocean Casino resort won more from in-person gamblers in November of this year than they did in November 2019, before the pandemic broke out.
- The total amount of money bet on sports, known as 'handle,' reached a new high in November. But of the $1.62 billion worth of bets taken by the casinos and tracks, only $96 million was kept as revenue after paying out winning bets and other expenses.