New Jersey casinos lose $4.6M on $34.9M in Super Bowl bets
New Jersey gambling regulators say its sportsbooks lost $4.6 million on $34.9 million in Super Bowl wagers, the first major sporting event for bettors since sports gambling was legalized in the state last year.
The New Jersey Division of Gaming Enforcement said Monday that casinos and horse tracks in the state paid $39.5 million to those who won bets. Many gamblers backed the New England Patriots, who beat the Los Angeles Rams 13-3 on Sunday night and covered the spread of 2 1/2 points.
Joe Asher, chief executive of William Hill US, which runs sportsbooks at two casinos and a racetrack in New Jersey, says Super Bowl Sunday was by far the company's biggest day ever in the state in terms of the amount wagered. He says the book broke even and also had a record day for mobile signups and betting.
DraftKings, which runs mobile wagering in New Jersey along with an in-person lounge at Resorts casino, also set a new record for handle. Spokesman James Chisholm said the company paid out about $11 million in winning bets to customers, "and took a small, barely seven figure loss."
Stories that may interest you
Job Fair on Monday
Honda is slowing production of Accord sedans as car buyers continue to favor SUVs and trucks
Cultural monuments can be tough to value _ as the fire at Notre Dame has shown
President Donald Trump may soon be able to claim a sweet victory for his deregulation push: Officials are preparing to get rid of decades-old rules for frozen cherry pies