Internet gambling revenues continue to soar in New Jersey, with online casinos taking a growing share of the gambling pie. Atlantic City Casino and his online partners won him $182 million in Internet gambling in February.
Sports betting was also strong during the Super Bowl month, according to numbers released Friday by the state Gaming Enforcement Agency.
Thanks to these two recent gambles, casinos, racetracks, and their online partners that accept sports betting could earn more than $461 million in revenue in February, an increase from February 12, 2023. % increased.
Atlantic City casinos have no obligation to stop compulsive gamblers, judge rules
But it wasn’t all good news. His nine casinos in Atlantic City earned him $211.5 million from in-person gamblers, down 1.6% from a year ago.
While casinos collectively won more than $196 million in winnings from in-person gamblers in February 2019, before the COVID-19 pandemic, individually in February of this year, they won more than $196 million in winnings from in-person gamblers. Only three casinos won more winnings from February 2019 than from February 2019.
A dealer plays a roulette game at Ocean Casino Resort on December 2, 2022 in Atlantic City, New Jersey. On March 15, 2024, the New Jersey Gambling Regulatory Authority announced that his online partner, nine casinos in Atlantic City, three racetracks that accept sports betting, and his I got more than that. This is an increase of 12% from February 2023. (AP Photo/Wayne Parry)
“Remote gaming options remain important to Atlantic City gaming operations, especially during the shoulder months when seasonal weather patterns are most likely to keep gamblers home,” said Jane Bochnewitz . “Despite having an extra day in February, Atlantic City’s brick-and-mortar casino revenues remained modest due to a wet and wintry month.”
Casinos consider in-person gambling to be their core business. Funds earned from internet gambling and sports betting should be shared with external parties such as sportsbooks and technology platforms, and should not be held solely by the casino.
Combining all three types of revenue, Borgata earned more than $98 million, down 3.1% year-over-year. The Golden Nugget earned him $62.9 million, an increase of more than 31%. Hard Rock earned $55 million, up 24%. Ocean increased by nearly 25% to earn him $37.6 million. And Tropicana earned her more than $30 million, an increase of 15%.
Bally’s gained nearly 5% to nearly $19 million. Harrah’s earned $18.7 million, down 11%. Caesars earned $16.2 million, down 15.5%. And Resorts earned her $12.1 million, down 4.3%.
In terms of direct revenue, Borgata earned $53.6 million, down 6.7%. Hard Rock earned $41.1 million, an increase of 9.6%. Ocean earned more than $31 million, an increase of more than 18%. Harrah’s earned $18.2 million, down 14.7%. Tropicana earned her $16.6 million, down 3.1%.
Caesars earned $16.4 million, down 13.7%. The resort earned him $12.2 million, down 3.6%. Golden Nugget earned $11.6 million, four times as much as she did, and Barry’s earned $10.6 million, more than 13% less than her.
As for internet-only companies, Resorts Digital, the online arm of the casino, increased nearly 50% to $72.2 million, while Caesars Interactive Entertainment New Jersey decreased nearly 33% to $5.5 million.
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More than $1 billion in sports bets were placed in New Jersey in February. Of this total, his $67.5 million was retained as revenue by the casino, racetrack, and its partners after paying winning stakes and other expenses.
