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New Jersey Sportsbooks took huge loss in Super Bowl bets

It was the first Super Bowl that people outside the state of Nevada could bet on, and New Jersey was among them. But it wasn’t a profitable Sunday for the state. 

According to the Associated Press, sportsbooks operator in New Jersey saw $34.9 million in wagers, but they lost $4.6 million after having to pay out $39.5 million to winners. That means there were a lot of Patriots fans in New Jersey, who beat the Rams 13-3 with a -2.5 spread. 

Despite the pay backs, Joe Asher, CEO of William Hill US which runs three total sportsbooks in New Jersey, saw the day as a success. He said Sunday “was by far our biggest day ever in New Jersey in terms of handle. It was really good.”

“We couldn’t be more pleased overall — the retail locations were strong, especially the Ocean Resort Casino, which had an unbelievable crowd,” Asher added.

Other than William Hill, DraftKings’ mobile sportsbook had recorded a new record for amount wagered in New Jersey, but they experienced a slight loss after giving back $11 million to winners, acoording to spokesman James Chisholm.

Overall, fans betting on Super Bowl Sunday shelled out about $185.5 million in legal bets across the three states that includes Mississippi as well. 

Original article: https://www.sny.tv/giants/news/new-jersey-sportsbooks-took-huge-loss-in-super-bowl-bets/303574718

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