Current:Home > StocksInternet gambling revenue continues to soar in New Jersey. In-person revenue? Not so much. -OceanicInvest
Internet gambling revenue continues to soar in New Jersey. In-person revenue? Not so much.
View
Date:2025-04-15 02:11:22
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! (95)
Related
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- You're Gonna Love Our The Last of Us Gift Guide for a Long Long Time
- Jamie Lee Curtis Gives Her Flowers to Everyone, Everywhere During Oscars 2023 Speech
- 20 Amazon Products To Help You Fall Asleep If Counting Sheep Just Doesn't Cut It
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- We're Soaring, Flying Over Vanessa Hudgens and Ex Austin Butler's Oscars After-Party Run-In
- Ex-Google workers sue company, saying it betrayed 'Don't Be Evil' motto
- Researchers share drone footage of what it's like inside Hurricane Sam
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- U.S. sanctions Chinese suppliers of chemicals for fentanyl production
Ranking
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Samsung says it will build $17B chip factory in Texas
- U.S. border officials record 25% jump in migrant crossings in March amid concerns of larger influx
- Here's Where Will Smith and Jada Pinkett Smith Were Ahead of Oscars 2023
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- Facebook wants to lean into the metaverse. Here's what it is and how it will work
- Halle Berry and Boyfriend Van Hunt's Relationship Blooms on the 2023 Oscars Red Carpet
- Facebook, WhatsApp, Instagram suffer worldwide outage
Recommendation
Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
Heidi Klum Wows in Yellow Dress at Elton John AIDS Foundation Oscars 2023 Party
Gigi Hadid and Leonardo DiCaprio Reunite at 2023 Pre-Oscars Party
Ancient scoreboard used during Mayan ball game discovered by archaeologists
Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
For Facebook, A Week Of Upheaval Unlike Any Other
Facebook dithered in curbing divisive user content in India
What Sen. Blumenthal's 'finsta' flub says about Congress' grasp of Big Tech