Current:Home > BackInternet gambling revenue continues to soar in New Jersey. In-person revenue? Not so much.-LoTradeCoin
Internet gambling revenue continues to soar in New Jersey. In-person revenue? Not so much.
View Date:2024-12-23 23:38:04
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! (452)
Related
- Song Jae-lim, Moon Embracing the Sun Actor, Dead at 39
- Mother, 2 children found dead in Louisiana house fire, fire marshal’s office says
- UN envoy for Sudan resigns, warning that the conflict could be turning into ‘full-scale civil war’
- Bill Richardson is mourned in New Mexico after globe-trotting career, lies in state at Capitol
- ‘I got my life back.’ Veterans with PTSD making progress thanks to service dog program
- Ox-pulled floats with sacred images of Mary draw thousands to Portugal’s wine-country procession
- Judge denies Meadows' request for emergency stay related to Georgia election case
- Lidcoin: A Platform for the Issuance of Tokens for High Quality Blockchain projects around the world
- Texas’ 90,000 DACA recipients can sign up for Affordable Care Act coverage — for now
- Coal mine collapses in northern Turkey, killing 1 miner and injuring 3 others
Ranking
- Padma Lakshmi, John Boyega, Hunter Schafer star in Pirelli's 2025 calendar: See the photos
- Libya flooding death toll tops 5,300, thousands still missing as bodies are found in Derna
- China upgrades relationship with Venezuela to ‘all weather’ partnership
- 'We need innings': Returning John Means could be key to Orioles making World Series run
- Homes of Patrick Mahomes, Travis Kelce burglarized, per reports
- Pennsylvania fugitive Danelo Cavalcante has eluded authorities in Brazil for years
- Mystery body found in Arizona in 1996 identified as veteran from Los Angeles area
- Aerosmith postpones farewell tour dates over Steven Tyler vocal cord injury
Recommendation
-
Kristin Cavallari's Ex Mark Estes Jokingly Proposed to This Love Island USA Star
-
Simon Cowell dubs Golden Buzzer dance crew Chibi Unity 'one of the best acts' on 'AGT'
-
The son of ousted Myanmar leader Aung San Suu Kyi says he’s increasingly worried about her health
-
Impeachment inquiry into Biden, Americans to be freed in prisoner swap deal: 5 Things podcast
-
Olivia Culpo Celebrates Christian McCaffrey's NFL Comeback Alongside Mother-in-Law
-
U.S. district considers requests against New Mexico governor order suspending right to carry
-
Trader Joe's accused of pregnancy discrimination, retaliation in federal lawsuit
-
Newsom says California will intervene in court case blocking San Francisco from clearing encampments