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New Jersey Gaming Revenue Climbs For Ninth Straight Month

Despite A Seven-Figure Loss On The Super Bowl, Operators Won $232.3 Million In February

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New Jersey casinos won $232.3 million from gamblers in February, according to the state’s Division of Gaming Enforcement. It is the ninth consecutive month of gaming revenue growth in the Garden State.

The February figure is up from January’s $229.6 million-win and up 15.7 percent year-over-year. The state’s nine casinos won $26 million more in February 2019 than the same month in 2018.

Kevin Ortzman, president of the Casino Association of New Jersey, told the Press of Atlantic City that as the calendar turns to March, growth should continue through increased tourism to the Atlantic City casinos.

“Since the start of the New Year, Atlantic City continues to see sustained revenue and tourism growth in 2019,” said Ortzman. “As we head into March, with March Madness and baseball season approaching, we are very hopeful that Atlantic City will continue to grow as a destination resort for visitors.

The Borgata was the state’s biggest winner. It won $50.615 million from its patrons. All of the revenue came from slots and table games, however, as its sportsbook lost $756,000 in February. It lost more than any other sportsbook in the state.

There were several other sportsbooks in the state that reported losses mostly thanks to the $4.5 million the state’s books lost on the Super Bowl.

Golden Nugget, Harrah’s and Tropicana’s sportsbooks all finished February as losers as well. None of them were even close to losing as much as Borgata’s book did. Golden Nugget was the only other book that lost a six-figure sum with a $125,000 loss.

The state’s sportsbooks lost on the Super Bowl, but they allowed its gamblers to bet on the Oscars for the first time in history. They won about $200,000 on the awards show after taking about $750,000 in bets.

Overall from sports betting, the books won $3.875 million from a total handle of $320.4 million. These figures include online betting, which accounted for about 80 percent of the wagers.

Casinos won $57 million from table games, which was up 24.4 percent year-over-year, and netted another $139.6 million from slots, up 12.4 percent year-over-year.

Online gaming revenues totaled $31.7 in earnings for operators. It was up a whopping 44.4 percent from this time last year.