Current:Home > FinanceInternet gambling revenue continues to soar in New Jersey. In-person revenue? Not so much. -MoneyBase
Internet gambling revenue continues to soar in New Jersey. In-person revenue? Not so much.
Chainkeen View
Date:2025-04-10 20:37:20
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
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- A 73-year-old man died while skydiving with friends in Arizona. It's the 2nd deadly incident involving skydiving in Eloy in 3 weeks.
- LeBron James, Sixers, Suns have most to lose heading into NBA trade deadline
- Lutsen Lodge, Minnesota's oldest resort, burns down in fire: 'We grieve together'
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Parents of man found dead outside Kansas City home speak out on what they believe happened
- Jennifer Crumbley verdict: After historic trial, jury finds mother of school shooter guilty
- Honda recalls 750,000 vehicles in U.S. to replace faulty air bags
- Former Danish minister for Greenland discusses Trump's push to acquire island
- Teachers’ union-backed group suing to stop tax money for A’s stadium plan in Las Vegas
Ranking
- Could your smelly farts help science?
- Unofficial Taylor Swift merchants on Etsy, elsewhere see business boom ahead of Super Bowl
- Adult dancers in Washington state want a strippers’ bill of rights. Here’s how it could help them.
- Bill Maher opens up about scrapped Kanye West interview: 'I wouldn't air that episode'
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Honda recalls 750,000 vehicles over air bag flaw
- GM’s troubled robotaxi service faces another round of public ridicule in regulatoryhearing
- Crewmember dies in accident on set of Marvel’s ‘Wonder Man’
Recommendation
Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
Rare snow leopard captured after killing dozens of animals in Afghanistan
'Wonder Man' crew member dies after accident on set of Marvel Studios series
Henry Cavill Reveals Why He Doesn't Like Sex Scenes
Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
Honda is recalling more than 750,000 vehicles to fix faulty passenger seat air bag sensor
Rare snow leopard captured after killing dozens of animals in Afghanistan
A foster parent reflects on loving — and letting go of — the children in his care