Current:Home > FinanceInternet gambling revenue continues to soar in New Jersey. In-person revenue? Not so much. -LondonCapital
Internet gambling revenue continues to soar in New Jersey. In-person revenue? Not so much.
View
Date:2025-04-24 19:43:54
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! (44675)
Related
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- A look at notable impeachments in US history, including Texas Attorney General Ken Paxton
- Biden announces more Iran sanctions on anniversary of Mahsa Amini death
- What’s behind the surge in migrant arrivals to Italy?
- Arkansas State Police probe death of woman found after officer
- North Korea’s Kim Jong Un inspects Russian bombers and a warship on a visit to Russia’s Far East
- See Sofía Vergara's transformation into Griselda Blanco for new Netflix series: Photos
- Corey Taylor talks solo album, rails against AI as threat to 'ingenuity in our souls'
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- Us or change: World Cup champions give ultimatum to Spain's soccer federation
Ranking
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- They worked for years in Libya. Now an Egyptian village mourns scores of its men killed in flooding
- The Taliban have detained 18 staff, including a foreigner, from an Afghanistan-based NGO, it says
- In San Francisco, Kenya’s president woos American tech companies despite increasing taxes at home
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- What happened to Alissa Turney, Arizona teen who disappeared in 2001?
- Brazil restores stricter climate goals
- Princess Diana's black sheep sweater sells for $1.143 million at auction
Recommendation
South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
Sisters of YouTube mom Ruby Franke speak out about child abuse charges: I had no idea what was happening
The cost of damage from the record floods in Greece’s breadbasket is estimated to be in the billions
'Gift from Heaven': Widow wins Missouri Lottery using numbers related to her late husband
Where will Elmo go? HBO moves away from 'Sesame Street'
Person dies of rare brain-eating amoeba traced to splash pad at Arkansas country club
National Hispanic Heritage Month highlights cultural diversity of Spanish-speaking Americans
Biden says striking UAW workers deserve fair share of the benefits they help create for automakers