New Jersey Sportsbook Set Handle Record For Third Consecutive Month

New Jersey sportsbooks set a nationwide document in month-to-month sports activities betting deal with for the third consecutive month after Garden State gamblers wagered greater than $803 million on sports activities in October.

In August, gaming operators set a document by accepting $668 million price of sports activities bets. That quantity solely elevated in September when bettors positioned $748.58 million on September’s slate of occasions earlier than peaking once more in October.

With soccer in full swing, an elongated baseball playoff collection, and the tip of each the skilled basketball and hockey playoffs, sports activities bettors had loads to wager on in October. With three of these sports activities taking a hiatus in November, it’s probably that October was the height for some time.

The overwhelming majority of the bets had been made by on-line sportsbooks with $743.9 million wagered just about. Through the primary 10 months of 2020, $4.089 billion has been guess on sports activities with $3.729 billion guess on-line.

Sportsbooks profited $58.5 million on the record-setting October deal with.

Overall, New Jersey gaming operators gained $338.1 million in October, in keeping with numbers released by the New Jersey Division of Gaming Enforcement. Those figures signify a 15 p.c year-over-year improve.

Despite the COVID-19 pandemic nonetheless wreaking havoc on New Jersey, it’s the second straight month with a year-over-year improve in whole income. In September, when casinos posted a rise for the primary time for the reason that virus made its technique to America, it was due to web playing.

In October, that sector of the playing economic system continued to select up the slack with casinos reporting $93.5 million from on-line playing. Compared to October 2019, that’s good for a 106.7 p.c improve in on-line income.

Brick-and-mortar casinos, which at the moment are restricted from serving meals and drinks in a single day, reported $186.1 million million in gross gaming income, which represented an eight p.c year-over-year decline.

While on-line playing income greater than doubled and sports activities betting income was up 26.1 p.c with document handles, the brick-and-mortar business continued to wrestle by the pandemic. Slot machine income was down practically 10 p.c and desk sport income was down 2.8 p.c.

Borgata was probably the most profitable of Atlantic City’s 9 casinos with $41.2 million in income. Hard Rock Atlantic City was its closest competitor with $28.8 million in reported income. From a brick-and-mortar standpoint, Golden Nugget was the worst of the group with $10.5 million, nevertheless it has one of the profitable on-line casinos and netted one other $28.12 million from on-line gamblers.