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NJ Sports Betting Nears $1B Monthly Record NJ Sports Betting Nears $1B Monthly Record
NJ Sports Betting Nears $1B Monthly Record There's a silver lining during the coronavirus for sports bookies and online casino betting who neared a record $1 billion in legal gambling in November, analysts said. Year-over-year growth in New Jersey has been striking for what is now the nation’s largest sports betting market.  New Jersey became the first state in history to post a sports betting wagers of more than $900 million, as the Garden State’s online and retail sportsbooks put the first $1 billion month clearly in their sights in November, according to analysts for PlayNJ. “Even if New Jersey can’t quite reach $1 billion …

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by Jon Craig
Business
Atlantic City Casinos Take $200M Nosedive Amid COVID-19 Crisis Atlantic City Casinos Take $200M Nosedive Amid COVID-19 Crisis
Atlantic City Casinos Take $200M Nosedive Amid Covid-19 Crisis Coronavirus spelled bad luck for Atlantic City's casinos.  Closed by the COVID-19 epidemic on March 16, the Garden State's gambling hub took in about 69 percent less money in April 2020 than last April -- bolstered only by a more than doubling in internet betting proceeds. All totaled, casino revenue fell by nearly $200 million last month from a year ago. The silver lining was that online gambling revenues rose by nearly 120 percent year-to-year, collecting an additional $43 million. According to the state Division of Gaming Enforcement, the city's nine seaside resorts collected about…

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by Jon Craig