Current:Home > reviewsInternet gambling revenue continues to soar in New Jersey. In-person revenue? Not so much. -FundWay
Internet gambling revenue continues to soar in New Jersey. In-person revenue? Not so much.
View
Date:2025-04-18 04:18:17
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! (8)
Related
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- Joan says 'Yes!' to 'Golden Bachelorette' finale fantasy beach proposal. Who did she pick?
- Burger King's 'Million Dollar Whopper' finalists: How to try and vote on your favorite
- Mississippi expects only a small growth in state budget
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Mechanic dies after being 'trapped' under Amazon delivery van at Florida-based center
- Golden Bachelorette: Joan Vassos Gets Engaged During Season Finale
- Study finds Wisconsin voters approved a record number of school referenda
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Businesses at struggling corner where George Floyd was killed sue Minneapolis
Ranking
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- New Orleans marks with parade the 64th anniversary of 4 little girls integrating city schools
- In bizarro world, Tennessee plays better defense, and Georgia's Kirby Smart comes unglued
- Food prices worried most voters, but Trump’s plans likely won’t lower their grocery bills
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- Japan to resume V-22 flights after inquiry finds pilot error caused accident
- NFL Week 11 picks straight up and against spread: Will Bills hand Chiefs first loss of season?
- Mason Bates’ Met-bound opera ‘Kavalier & Clay’ based on Michael Chabon novel premieres in Indiana
Recommendation
Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
Tesla issues 6th Cybertruck recall this year, with over 2,400 vehicles affected
Top Federal Reserve official defends central bank’s independence in wake of Trump win
Satire publication The Onion acquires Alex Jones' Infowars at auction
Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
It's Red Cup Day at Starbucks: Here's how to get your holiday cup and cash in on deals
Olympic champion Lindsey Vonn is ending her retirement at age 40 to make a skiing comeback
More human remains from Philadelphia’s 1985 MOVE bombing have been found at a museum