Current:Home > ScamsInternet gambling revenue continues to soar in New Jersey. In-person revenue? Not so much. -Wealth Harmony Labs
Internet gambling revenue continues to soar in New Jersey. In-person revenue? Not so much.
View
Date:2025-04-14 22:47:46
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! (918)
Related
- Michigan lawmaker who was arrested in June loses reelection bid in Republican primary
- Small twin
- Meta donates $1 million to Trump’s inauguration fund
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- USA men's volleyball mourns chance at gold after losing 5-set thriller, will go for bronze
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- $73.5M beach replenishment project starts in January at Jersey Shore
- Small twin
- The 'Rebel Ridge' trailer is here: Get an exclusive first look at Netflix movie
- 'Most Whopper
Ranking
- Kehlani Responds to Hurtful Accusation She’s in a Cult
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- What polling shows about Minnesota Gov. Tim Walz, Harris’ new running mate
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- What to watch: O Jolie night
- Trump wants to turn the clock on daylight saving time
Recommendation
Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
'Most Whopper
Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
Meta donates $1 million to Trump’s inauguration fund
NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic