Day: March 12, 2020

NEW JERSEY SPORTSBOOKS NEARLY HIT $500 MILLION IN FEBRUARY

Sportsbooks make year-over-year jump, online casinos could help lessen potential impact of coronavirus on Atlantic City casinos, according to PlayNJ

(ATLANTIC CITY, N.J.) — Super Bowl betting pushed New Jersey’s online and retail sportsbooks to a strong February, though the monthly handle fell short of $500 million for the first time since October. But the concern for New Jersey’s sportsbooks is what lies ahead, according to PlayNJ analysts, after the NBA suspended its season, the NCAA Tournament limited spectators, and other leagues mull suspensions.

“New Jersey’s year-over-year gains remained impressive in February, but we are in uncharted territory now,” said Dustin Gouker, lead analyst for

PlayNJ.com

. “Obviously there are bigger concerns with coronavirus, but the NBA is a major revenue driver for New Jersey’s sportsbooks. So the suspension of the season, in addition to suspensions of other sports, will undoubtedly have a significant effect.”

New Jersey’s online and retail sportsbooks made a giant year-over-year leap in handle to $494.8 million, up 54.4% from $320.4 million in February 2019, according to official reporting released Thursday.

New Jersey generated $54.2 million in Super Bowl bets, but that was No. 2 to Nevada’s $156.8 million. Still, the Garden State could surpass Nevada, which posted a $458.6 million in handle in February 2019.

Despite losing $4.3 million on the big game, New Jersey sportsbooks managed to produce $17 million in gross revenue, resulting in $2.2 million in tax revenue for the state. Revenue was up 33.9% from $12.7 million in February 2019. Basketball, which produced a $6.6 million win on $219.3 million in wagers, helped sportsbooks overcome the Super Bowl loss.

“New Jersey bettors continue to show heavy interest in basketball,” Gouker said. “March Madness appears as of now as if it will be played, and it is one of the largest betting holidays in the U.S. But it is impossible to gauge just how much interest there will be if it is played at all.”

Online betting generated $436.5 million in wagers, 88.2% of the state’s handle in February. FanDuel Sportsbook/PointsBet led the way with $9.6 million in gross revenue from online betting, down from $22.2 million in January. Resorts Digital, anchored by DraftKings and Fox Bet, generated $4 million, down from $15.9 million. The online market leaders were followed by:

Monmouth/William Hill/Sugarhouse/TheScore ($1.3 million in revenue, down from $2.8 million in January)

BetMGM/Borgata ($1 million, down from $2.5 million)

Ocean Casino/William Hill ($168,015, down from $2 million)

Caesars Sportsbook/888sport ($34,183, down from $491,164)

Golden Nugget/BetAmerica (-$308,997, down from $431,643)

Hard Rock/Bet365/Unibet ($96,397, down from $340,933)

Tropicana/William Hill ($30,558, down from $74,379)

FanDuel Sportsbook at The Meadowlands again capitalized on the New York market and from localized betting on the XFL. The retail market leader posted $1.4 million in gross revenue, down from $4.3 million in January. FanDuel was followed in gross revenue by:

Tropicana Casino ($91,899, down from $100,288)

Resorts AC ($47,143, down from $163,436)

Bally’s AC ($32,199, down from $164,575)

Hard Rock AC ($19,294, up from -$4,467)

Monmouth Park (-$51,888, down from $883,716)

Ocean Casino (-$65,868, down from $377,369)

Golden Nugget (-$135,314, down from $116,266)

Borgata (-$318,896, down from $723,927)

Harrah’s AC ($41,649, down from $107,424)

ONLINE CASINOS

New Jersey’s online and poker industry set a revenue-per-day record in February, generating $52 million in revenue during the short month. February’s total was up 64% from $31.7 million in February 2019 and just shy of the record $55.1 million set last month.

Online casinos and poker generated $1.79 million per day during the 29 days in February, up from $1.78 million per day in January. March, which has historically been a big month for online casinos, could bring even more revenue in, as Atlantic City casinos brace for any impact from the coronavirus outbreak.

“Online casinos and sportsbooks should help buoy their land-based casino counterparts in Atlantic City should the coronavirus impact casino operations,” said Eric Ramsey, an analyst for

PlayNJ.com

. “The Golden Nugget’s online casino already generates more revenue than its retail casino, and others have been closing the gap. That online revenue stream could prove vitally important in the coming months.”

Some other important online casino and poker data from the February report:

Online casinos injected $7.8 million into state coffers.

The Golden Nugget tallied $19.8 million in online revenue, easily leading the market. Resorts Digital was second, generating $12.5 million.

Online casino games produced $50.2 million in revenue, up from $29.9 million in February 2019. Online poker notched $1.8 million, even with February 2019.

For more information and analysis on regulated sports betting and online gaming in New Jersey, visit

PlayNJ.com

/

news

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About the

PlayUSA.com

Network:

The

PlayUSA.com

Network is a leading source for news, analysis, and research related to the market for regulated online gaming in the United States. With a presence in over a dozen states,

PlayUSA.com

and its state-focused branches produce daily original reporting, publish in-depth research, and offer player advocacy tools related to the advancement of safe, licensed, and legal online gaming options for consumers. Based in Las Vegas, the PlayUSA Network is independently owned and operated, with no affiliations to any casino — commercial, tribal, online, or otherwise.

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Will Clinics Cancelled in CC through March

(Voorhees, NJ) – The Freeholder Board has cancelled all remaining Will Clinics at the Camden County Store in Voorhees through the month of March. The clinics provide consultation to residents who have not yet prepared their last will and testament.

“The Freeholder Board is considering county-sponsored events on a one-by-one basis in response to the spread of coronavirus throughout the United States,” said Freeholder Carmen Rodriguez, liaison to the Department of Health and Human Services. “While we understand the critical importance of this event and the service it provides, we have determined that cancelling the events is the best course of action in the interest of public health at this time.”

Residents who already registered for the upcoming clinics will receive the highest priority when registering for future clinics. Residents who have already completed the clinic but must still return to the store to receive their documents will be able to do so as scheduled.

For an updated list of all county events that have been cancelled or postponed, as well as general information about coronavirus and preparedness, please visit

camdencounty.com

.

Juan J. Rios, age 84, of Bellmawr

Juan J. Rios, age 84, of Bellmawr, formerly of Barrington, died peacefully with his family in his heart and at his side, on March 12, 2020.

Juan was the beloved husband of the late Maria E. Rios (nee Leal) for 54 years until her passing on July 16, 2013. The two are now happily reunited and together again. Juan was a devoted and proud father of John Rios (Judy) of Brigantine and Elena Rogers (Bob) of Glendora. Proud Grandpop/Pop-Pop of Lauren, Brian and Bob Rogers, Jr. and Joey and Johnny Bove. Juan was also a great grandfather of one, Gabriel Rogers.

Juan traveled the world as he served in the U.S. Navy for 17 years. He was a long time employee of Owens Corning Fiberglass in Barrington.

Juan, who introduced his family to the South Jersey shore, was an avid salt water fisherman and loved being on the boat and hanging out at the marina in Brigantine with his family and friends. He loved his family very much, almost as much as his family loved him.

Juan was a great provider and a strong willed man who always wanted what was best for his family and did whatever he could to ensure his family had what they needed to succeed. Juan was a proud man and he will be truly missed.

At the request of the family, funeral services and entombment will be private.