Current:Home > ScamsInternet gambling revenue continues to soar in New Jersey. In-person revenue? Not so much. -MarketEdge
Internet gambling revenue continues to soar in New Jersey. In-person revenue? Not so much.
View
Date:2025-04-26 11:54:58
ATLANTIC CITY, N.J. (AP) — Internet gambling revenue continues to soar in New Jersey, where online casinos are accounting for a growing share of the betting pie: Atlantic City’s casinos and their online partners won $182 million in internet bets in February.
Figures released Friday by the state Division of Gaming Enforcement show that sports betting also did well in a month that included the Super Bowl.
Those two more recent forms of gambling helped the casinos, racetracks that accept sports bets and their online partners take in over $461 million in February, an increase of 12% from February 2023.
But the news was not all good: Atlantic City’s nine casinos won $211.5 million from in-person gamblers, down 1.6% from a year earlier.
While the casinos collectively exceeded the $196 million they won from in-person gamblers in February 2019, before the COVID-19 pandemic hit, only three of the casinos individually won more in person this February than they did in February 2019.
“Remote gaming options continue to be critical for Atlantic City’s gaming operations, especially in the shoulder months when seasonal weather patterns are most likely to keep gamblers at home,” said Jane Bokunewicz. “Despite an extra day in the month, a wet and wintry February kept brick-and-mortar revenues for Atlantic City casinos modest.”
The casinos consider in-person gambling to be their core business. Money from internet gambling and sports betting must be shared with outside parties like sports books and technology platforms, and it is not solely for the casinos to keep.
With all three types of revenue combined, the Borgata won over $98 million, down 3.1% from a year earlier; Golden Nugget won $62.9 million, up over 31%; Hard Rock won $55 million, up 24%; Ocean won $37.6 million, up nearly 25%; and Tropicana won over $30 million, up 15%.
Bally’s won nearly $19 million, up nearly 5%; Harrah’s won $18.7 million, down 11%; Caesars won $16.2 million, down 15.5%; and Resorts won $12.1 million, down 4.3%.
In terms of in-person revenue, Borgata won $53.6 million, down 6.7%; Hard Rock won $41.1 million, up 9.6%; Ocean won over $31 million, up over 18%; Harrah’s won $18.2 million, down 14.7%; and Tropicana won $16.6 million, down 3.1%.
Caesars won $16.4 million, down 13.7%; Resorts won $12.2 million, down 3.6%; Golden Nugget won $11.6 million, up 4:, and Bally’s won $10.6 million, down over 13%.
In terms of internet-only entities, Resorts Digital, the casino’s online arm, won $72.2 million, up nearly 50%, and Caesars Interactive Entertainment NJ won $5.5 million, down nearly 33%.
Over $1 billion in total sports bets were made in New Jersey in February. Of that total, $67.5 million was kept as revenue by the casinos, tracks and their partners after paying out winning bets and other expenses.
___
Follow Wayne Parry on X, formerly Twitter, at www.twitter.com/WayneParryAC
veryGood! (9898)
Related
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Hot air balloon crashes into powerlines near Minnesota highway, basket and 3 passengers fall
- Lenny Kravitz Shares Insight Into Bond With Daughter Zoë Kravitz's Fiancé Channing Tatum
- Energy agency announces $475M in funding for clean energy projects on mine land sites
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- At least 8 killed as chemical tanker capsizes off Japan's coast
- Horoscopes Today, March 20, 2024
- President Biden releases his brackets for 2024 NCAA March Madness tournaments
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- 3 arrested after welfare call leads to removal of 86 dogs, girl and older woman from California home
Ranking
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- Shakira Shares How 11-Year-Old Son Milan Processed Her Split From Gerard Piqué
- U.S. looks at Haiti evacuation options as Americans and Haitians hope to escape gang violence
- After beating cancer, Myles Rice hopes to lead Washington State on an NCAA Tournament run
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- Crews battle scores of wildfires in Virginia, including a blaze in Shenandoah National Park
- Mortgage rates unlikely to dip after Fed meeting leaves rates unchanged
- Are manatees endangered? Here's the current conservation status of the marine mammal.
Recommendation
'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
'We were surprised': Intermittent fasting flagged as serious health risk
Megan Fox Clarifies Which Plastic Surgery Procedures She's Had Done
Riley Strain’s Stepfather Details Difficult Family Conversations Amid Search Efforts
Rylee Arnold Shares a Long
Human remains found in 1979 in Chicago suburb identified through DNA, forensic genealogy
Ariana Grande, Ethan Slater and the Entire Wicked Cast Stun in New Photos
Christine Quinn's Husband Christian Dumontet Arrested Again After Violating Protective Order