Current:Home > InvestInternet gambling revenue continues to soar in New Jersey. In-person revenue? Not so much. -Prime Capital Blueprint
Internet gambling revenue continues to soar in New Jersey. In-person revenue? Not so much.
View
Date:2025-04-16 05:34:43
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! (829)
Related
- Skins Game to make return to Thanksgiving week with a modern look
- Taylor Swift Wears Her Heart on Her Sleeve as She Cheers on Travis Kelce at Chiefs Game
- James Patterson says checked egos are key to co-author success, hints at big actor collab
- Wastewater reveals which viruses are actually circulating and causing colds
- This was the average Social Security benefit in 2004, and here's what it is now
- Rebecca Loos Slams David Beckham For Portraying Himself as the Victim After Alleged Affair
- 'She just needed a chance': How a Florida mom fought to keep her daughter alive, and won
- Tesla says Justice Department is expanding investigations and issuing subpoenas for information
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- Chargers’ Justin Herbert melts under Chiefs pressure in loss at Kansas City
Ranking
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- Clemson coach Dabo Swinney apologizes for mental-health joke after loss at Miami
- Ukrainians prepare firewood and candles to brace for a winter of Russian strikes on the energy grid
- Blinken says US is ready to respond to escalation or targeting of US forces during Israel-Hamas war
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- World’s oldest dog ever dies in Portugal, aged 31 (or about 217 in dog years)
- Russia taking heavy losses as it wages new offensive in Ukraine
- Charlottesville City Council suspends virtual public comments after racist remarks at meeting
Recommendation
Trump wants to turn the clock on daylight saving time
Russia seeks to undermine election integrity worldwide, U.S. assessment says
Man faces attempted murder charge after California deputy is shot during hit-and-run investigation
Got a Vivint or Ring doorbell? Here's how to make smart doorbells play Halloween sounds
Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
Why is F1 second to none when it comes to inclusivity? Allow 'Mr. Diversity' to explain.
Clemson coach Dabo Swinney apologizes for mental-health joke after loss at Miami
Montana man gets 18 months in federal prison for repeated racist phone calls made to a church