Covid-19 disruption erodes NJ revenue in April
The New Jersey Division of Gaming Enforcement has reported a 68.9% year-on-year drop in gaming revenue for April, after the novel coronavirus (Covid-19) pandemic shut down casinos and suspended sporting events.
Casinos in New Jersey were unable to generate any gaming revenue during the month, having been forced to close from March 16, in line with state-wide orders to help combat the spread of coronavirus. Land-based casinos posted $207.6m in revenue in April of last year.
In terms of sports wagering, revenue from this sector fell $87.6m, with all retail sportsbooks unable to open in April and punters only able to place bets online or mobile. However, as only a handful of sports events have taken place during the outbreak, betting options have been severely limited.