by Carter Floyd | May 14, 2020 11:09 am | Revenue
In April, New Jersey sportsbooks experienced their lowest month of revenue ($2.6 million) ever. New Jersey also saw its second-lowest month of betting handle ($54.6 million). ATLANTIC CITY, N.J. – After a less-than-stellar take-home in a pandemic-shortened March, New...
by Carter Floyd | Apr 16, 2020 10:20 am | Revenue
New Jersey’s total March sports betting handle decreased 51.2% and its revenues decreased 58.4% from 2019. The nationwide shutdowns caused by COVID-19 severely impacted the bottom line for New Jersey sportsbooks, especially after a disappointing February. There is no...
by Christina Monroe | Feb 1, 2020 11:24 am | Sports Betting
Atlantic City sportsbooks are gearing up for Super Bowl 54. A few locations will have promotions inspired by the event. The state of New Jersey has surpassed the $3 billion threshold for sports betting revenue since beginning in 2019. ATLANTIC CITY, N.J. – When people...
by Christina Monroe | Dec 14, 2019 10:08 am | Revenue
New Jersey’s reported numbers for sports bets in the month of November have gone up greatly since November 2018. Atlantic City has also seen its best revenue performance since 2012. These increases show just how much the popularity of the sports betting market has...
by Christina Monroe | Dec 11, 2019 6:44 pm | Regulatory
Atlantic City has received $1.6 million in tax revenue from sports betting in a year and a half. State law prohibits the city from touching the money and uses it to advertise the city instead. The mayor, Marty Small, is asking for the same treatment that other cities...
