May gambling revenue in New Jersey down by 66%
Data from the New Jersey Division of Gaming Enforcement shows the state’s gambling operators generated $97.6m in revenue for the month of June.
The sum is almost a 66% drop year-on-year, carrying on from the previous month when numbers for May dropped 65%.
Casinos were shut down since mid-March due to the coronavirus pandemic, with most of them only reopening at the beginning of July.
The majority of the month’s revenue came from online activities: $84.9m was generated by online casinos (over double the $38.1m earned last year) and $12.6m from sports betting (an increase from $9.7m the previous year).
Chairman of the New Jersey Casino Control Commission James Plousis said: “June was the last full month of casino closures, and the figures reflect the historic business disruption across the region and beyond.”
Online casino operator Golden Nugget earned $29.2m, only 1% less than the previous year. Meanwhile, internet-only entity Caesars Interactive-NJ earned close to $8.8m, an increase of 77%.
Revenue for Resorts Digital shot up by 119%, bringing in $21m. But Harrah’s Resort Atlantic City reported a $2,109 loss, mainly related to restricted sports betting.
Ocean Casino earned $1.7m, a 92% decline, while Hard Rock brought in $6.2m, 81% down. Overall, revenue for the state’s gambling industry is at just over $1bn for the first half of the year, a 35% decline.
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