Today, May 14, officially marks the second anniversary of the overturning of PASPA.
It seems surreal that we are celebrating the legalization of sports betting without sports. That is beginning to change, however, with the return of NASCAR and the UFC.
The most startling figure comes from the lack of numbers in the Atlantic City casino win column.
Here is a look at the latest NJ online gambling news for this week.
NJ online casino revenue nearly $80 million
New Jersey online casinos earned $79.9 million for April. That figure undoubtedly exceeded expectations and represents a 23.5% increase from March, and 118.5% increase over the same period last year.
Of course, the closure of Atlantic City casinos is a significant contributor to the enormous revenue number, and seeing zero dollars in the casino win column was quite startling.
Even so, April’s report from the Division of Gaming Enforcement (DGE) was riddled with good news for online gambling in New Jersey:
- Each NJ online casino posted record revenue.
- Golden Nugget continues to lead all online casinos in revenue with $27.6 million. It did, however, lose some market share.
- Borgata increased its market share by the largest percentage (19.8%), with $15.9 million in revenue.
- NJ online poker continues to thrive with $5.1 million in revenue, its second record month in a row.
Here are the April 2020 revenue figures for NJ online casinos:
|Operator||Poker Revenue||Casino Revenue||Total Gaming Win|
|Borgata / Party / BetMGM||$1,220,076||$14,648,385||$15,868,461|
|Caesars / Harrah's / 888||$1,862,004||$6,865,768||$8,727,772|
|Golden Nugget / Betfair / BetAmerica / SugarHouse||$-||$27,642,909||$27,642,909|
|Hard Rock / Unibet / Bet365||$-||$4,483,830||$4,483,830|
|Ocean Casino / Parx Casino||$-||$1,131,108||$1,131,108|
|Resorts AC / DraftKings / PokerStars||$2,066,293||$14,052,743||$16,119,036|
|Tropicana / Virgin||$-||$5,986,710||$5,986,710|
Sports betting in NJ staying afloat
Along with NJ online casino revenue, the DGE also released the revenue for NJ online sports betting. Obviously, with major sports still in hibernation, handle and revenue took a tumble.
Here are the April 2020 NJ sports betting revenue numbers:
- Handle: $54,593,092
- Revenue: $2,634,050
- Loss of revenue: (87.6%)
Finding new betting markets has been a challenge, but the NJ sports betting crowd has been able to wager on table tennis and Korean baseball.
The top-performing sportsbook apps in NJ are:
- Meadowlands (FanDuel, PointsBet) $1,629,212
- Resorts (DraftKings, Fox Bet, Resorts Online) $604,359
- Monmouth (William Hill, SugarHouse, theScore Bet) $182,098
AC casinos reopening plans
Gov. Phil Murphy recently announced the Jersey Shore could be open by Memorial Day. Unfortunately, there was no reference to Atlantic City casinos.
The casinos aren’t waiting for an official date or required regulations to put some of their plans in place.
Visiting a post-pandemic Atlantic City casino will likely be a different experience.
There will likely be a limit on the number of people allowed inside, and social distancing measures will be in effect. That might mean limiting the number of table games and slot machines.
The requirement of masks seems to be a hot topic these days. Remember, wearing masks protects others, so customers should expect to wear them and expect others to wear them.
In the end, AC casinos will do everything necessary to keep customers and casino workers safe. Keep that in mind, if things on the casino gaming floor look a bit different.
On the board at NJ sportsbooks
The UFC returned this past weekend. The normally raucous crowds were told to stay at home, though. It looks like NASCAR is following suit with a series of races near Charlottesville, also without fans.
The Philadelphia Eagles released its 2020 NFL season schedule, and there are plenty of ways to bet on it.
The NFL is currently considering a host of contingency plans for the upcoming season. Regardless of whether those plans include fans or not, hungry bettors are undoubtedly ready to begin NFL betting in earnest.
In case the return of sports isn’t reason enough to celebrate, the anniversary of the fall of PASPA (Professional and Amateur Sports Protection Act) certainly is.
For the second year in a row, DraftKings is offering a #FreeToBetDay promotion to mark the milestone.
DraftKings is also giving away some swag.