A record year for N.J. sports betting; casinos, not so much
Over $6 billion worth of bets were placed last year in New Jersey, which won a Supreme Court case in 2018 that cleared the way for the expansion of legalized sports betting.
3 years ago
This July 11, 2014 aerial photo shows the Atlantic City N.J. shoreline. On May 12, 2020, the city's voters will decide whether to eliminate an elected mayor in favor of an appointed city manager. (AP Photo/Wayne Parry)
April was the cruelest month ever in Atlantic City as casinos saw their revenue fall by nearly 69% during a coronavirus-mandated shutdown.
The casinos were closed for the entire month, and there were virtually no sports to bet on.
If it hadn’t been for a surge in online gambling, the numbers would have been even worse.
The casinos won $82.6 million in April. That’s a drop of nearly 69% from the $265 million earned in April 2019.
The decrease easily eclipsed the previous record set just a month ago.
Previously, the biggest such drop was after casinos closed for nine days after Superstorm Sandy.