Current:Home > StocksInternet gambling revenue continues to soar in New Jersey. In-person revenue? Not so much. -WealthSpot
Internet gambling revenue continues to soar in New Jersey. In-person revenue? Not so much.
View
Date:2025-04-21 14:54:43
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! (37292)
Related
- Average rate on 30
- Are green beans high risk? What to know about Consumer Reports' pesticide in produce study
- Will Taylor Swift add 'Tortured Poets' to international Eras Tour? Our picks.
- NHL Stanley Cup playoffs schedule 2024: Dates, times, TV for first round of bracket
- The Grammy nominee you need to hear: Esperanza Spalding
- Colorado football coach Deion Sanders downplays transfer portal departures
- 'It's about time': Sabrina Ionescu relishes growth of WNBA, offers advice to newest stars
- Too hot for a lizard? Climate change quickens the pace of extinction
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- Taylor Swift sings about Travis Kelce romance in 'So High School' on 'Anthology'
Ranking
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- Rashee Rice works out with Kansas City Chiefs teammate Patrick Mahomes amid legal woes
- Top Cuban official says country open to more U.S. deportations, blames embargo for migrant exodus
- Too hot for a lizard? Climate change quickens the pace of extinction
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- Harry Potter actor Warwick Davis mourns death of his wife, who appeared with him in franchise's final film
- Tsunami possible in Indonesia as Ruang volcano experiences explosive eruption, prompting evacuations
- Italy is offering digital nomad visas. Here's how to get one.
Recommendation
At site of suspected mass killings, Syrians recall horrors, hope for answers
Proud Boys group leader sentenced to over 5 years in prison for attacking police during Capitol riot
Too hot for a lizard? Climate change quickens the pace of extinction
Mandisa, Grammy-winning singer and ‘American Idol’ alum, dies at 47
In ‘Nickel Boys,’ striving for a new way to see
Hilarie Burton Morgan champions forgotten cases in second season of True Crime Story: It Couldn't Happen Here
Taylor Swift shocker: New album, The Tortured Poets Department, is actually a double album
Third person dies after a Connecticut fire that also killed a baby and has been labeled a crime