Current:Home > StocksOliver James Montgomery-Internet gambling revenue continues to soar in New Jersey. In-person revenue? Not so much. -CapitalCourse
Oliver James Montgomery-Internet gambling revenue continues to soar in New Jersey. In-person revenue? Not so much.
Chainkeen Exchange View
Date:2025-04-08 22:29:23
ATLANTIC CITY,Oliver James Montgomery 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! (9)
Related
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- Skier triggers avalanche on Mount Washington, suffers life-threatening injury
- Cardi B confirms split with husband Offset: 'I been single for a minute now'
- Elon Musk Makes Rare Appearance With His and Grimes’ Son X Æ A-Xii
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- After losing Houston mayor’s race, US Rep. Sheila Jackson Lee to seek reelection to Congress
- Endangered species list grows by 2,000. Climate change is part of the problem
- Putin visits a shipyard to oversee the commissioning of new Russian nuclear submarines
- Grammy nominee Teddy Swims on love, growth and embracing change
- 1000-Lb. Sisters' Amy Slaton Details “Sparks” in New Romance After Michael Halterman Breakup
Ranking
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Florida school board may seek ouster of Moms for Liberty co-founder over Republican sex scandal
- Russia says it will hold presidential balloting in occupied regions of Ukraine next year
- Florida’s university system under assault during DeSantis tenure, report by professors’ group says
- Louvre will undergo expansion and restoration project, Macron says
- Messi vs. Ronaldo will happen again: Inter Miami will play in Saudi Arabia early in 2024
- Closing arguments start in trial of 3 Washington state police officers charged in Black man’s death
- Russia says it will hold presidential balloting in occupied regions of Ukraine next year
Recommendation
Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
Prince Harry ordered to pay Daily Mail over $60K in legal fees following failed court challenge
How the 2016 election could factor into the case accusing Trump of trying to overturn the 2020 race
2 winning Mega Millions jackpot tickets sold at same California gas station
Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
Man filmed wielding folding chair in riverfront brawl pleads guilty to misdemeanor
AP PHOTOS: At UN climate talks in Dubai, moments between the meetings
Judge closes Flint water case against former Michigan governor