Sports betting is sky high in NJ and casinos are rolling in the dough

Mike Dougherty
October 16, 2019 - 12:45 pm
 William Hill Sports Book at Ocean Resort Casino in AC

Mike DeNardo/KYW Newsradio

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WEST DEPTFORD, N.J. (KYW Newsradio) — Money from sports betting is pumping new life into New Jersey's once struggling gaming industry. Officials with the state's Division of Gaming Enforcement say September set a new record for revenue. And now the Garden State is standing toe to toe with Nevada.

After college and professional football seasons kicked off, the cash started pouring in. Gamblers wagered a record $445 million in September, the largest monthly total ever in New Jersey. Officials say casinos raked in profits of $38 million for the month. Bets placed online totaled $41 million. That's up 60% from September 2018.

Ed Daniels from West Deptford thinks this is just another chance for the state to reach into people's pockets by taking advantage of their vices.

"Let's face it, it's easier for them to get rid of their money, people betting," he said. When asked if the accessibility makes it easier for people to lose money, he said "too easy." 

Brian MacKenzie has placed a few bets himself and says gambling, like anything else, is fine in moderation.

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"I don't think it's a problem. It's people's choice to use their own money, so if that's what they want to spend their money on, I'm fine with it," he MacKenzie.

He says people had gambling problems long before sports betting was legalized in New Jersey.

"There's always going to be people like that, that don't know their limits."

So far this year, the state has collected $23 million in taxes from sports betting alone.