Current:Home > NewsInternet gambling revenue continues to soar in New Jersey. In-person revenue? Not so much. -InfinityFinance
Internet gambling revenue continues to soar in New Jersey. In-person revenue? Not so much.
View
Date:2025-04-16 10:11:11
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! (85789)
Related
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Road collision kills 4 Greek rescue workers dispatched to flood-stricken Libya, health minister says
- Rolling Stone founder Jann Wenner removed from Rock Hall leadership after controversial comments
- Road collision kills 4 Greek rescue workers dispatched to flood-stricken Libya, health minister says
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- Hillary Rodham Clinton talks the 2023 CGI and Pete Davidson's tattoos
- Road collision kills 4 Greek rescue workers dispatched to flood-stricken Libya, health minister says
- UN nuclear agency slams Iran for barring ‘several’ inspectors from monitoring its program
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- Poland is shaken by reports that consular officials took bribes to help migrants enter Europe and US
Ranking
- Current, future North Carolina governor’s challenge of power
- Joe Biden defends UAW strike; tells industry they must share record profits
- Savannah city government to give $500,000 toward restoration of African American art museum
- Is ice cream good for sore throat? The answer may surprise you.
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Tom Brady applauds Shedeur Sanders going 'Brady mode' to lead Colorado to rivalry win
- Angels two-way star Shohei Ohtani out for remainder of season with oblique injury
- Colorado two-way star Travis Hunter taken to hospital during game after late hit vs CSU
Recommendation
Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
McBride and Collier lead Lynx over Sun 82-75 to force a deciding Game 3 in WNBA playoffs
‘Nun 2' narrowly edges ‘A Haunting in Venice’ over quiet weekend in movie theaters
Zibby’s Bookshop in Santa Monica, California organizes books by emotion rather than genre
2 killed, 3 injured in shooting at makeshift club in Houston
When do bird and bat deaths from wind turbines peak? Fatalities studied to reduce harm
Maui death toll from wildfires drops to at least 97; officials say 31 still missing
Poland imposes EU ban on all Russian-registered passenger cars