Internet gambling and sports betting set new records in New Jersey
· 2023-12-19

Internet gambling and sports betting set new records in New Jersey

'+oResp.access_rule.message.description+'

Please subscribe to continue reading…

Is luck never on your side in Sin City? If so, Tripadvisor has collected some very important data for your next trip to the Strip.

ATLANTIC CITY — Internet gambling and sports betting set new records in New Jersey in November as the Atlantic City gambling market continues to evolve and become less dependent on physical casinos, according to figures released Friday.

More than $171.5 million was won from online table games and slots by casinos and their technology partners, according to the New Jersey Division of Gaming Enforcement.

At the same time, the casinos and three horse tracks that accept sports bets took in $1.62 billion worth of bets in November — another record.

Taken together, these numbers provide fresh evidence that technology and a wider menu of wagering options are remaking the way some people gamble in New Jersey, where in-person gambling at a physical casino had long been the main way to bet.

Jane Bokunewicz, director of the Lloyd D. Levenson Institute of Gaming, Hospitality and Tourism at Stockton University, which studies the Atlantic City gambling industry, noted that internet and sports betting accounted for about 45% of Atlantic City's revenue in November.

But she views it as complementary to in-person casinos instead of competing with them.

“Rather than diminishing the brick-and-mortar gaming revenues, internet gaming and sports betting seem to be well-received consumer products that are filling a niche for certain gamblers,” she said. "There will never be a replacement for the in-person gaming experience, and the current relatively flat revenues from brick-and-mortar gaming may be simply evidence of a stable market.”

She said it remains to be seen how the surge in online and sports betting affect the casinos' overall profitability. These revenue streams must be shared with partners like sports books and tech platforms and are not solely for the casinos to keep. That is largely why the casinos consider money won from in-person gamblers to be their key business.

In a city nicknamed "America's Playground," vices like alcohol and gambling have long boosted the city's economy. But one vice the city once offered in abundance, strip clubs, has dwindled to only two options.

And that key business continues to lag pre-pandemic levels. Of the nine casinos in New Jersey, only Hard Rock Hotel & Casino Atlantic City and Ocean Casino Resort won more from in-person gamblers in November of this year than they did in November 2019, before the pandemic broke out.

When all the money won in-person, online and from sports betting by the casinos and three racetracks is combined, the total amount won in November was $482.4 million — an increase of 9.4% from a year earlier.

Golden Nugget Atlantic City, which has long had a robust online gambling operation, won over $50 million from internet casino games in November, up nearly 33% from a year earlier. Other big online winners included Resorts Digital, the internet arm of Resorts Casino Hotel, which won $47.2 million, up over 26%, and Borgata Hotel Casino & Spa, which won nearly $38 million online, down 14.4%.

In terms of overall gambling revenue, including internet and sports betting, the market-leading Borgata won over $97 million in November, down 8.6% from a year earlier; Golden Nugget won $61 million, up nearly 25%; Hard Rock won $52.4 million, up over 26%; Ocean won $36.7 million, up 5.7%; Tropicana Atlantic City won $28.5 million, up 8.2%; Harrah's Resort Atlantic City won $20 million, down 2.3%; Bally's Atlantic City won $19.7 million, up over 29%; Caesars Atlantic City won nearly $17.9 million, down 6.6%; and Resorts won $12.4 million, an increase of just under 1%.

When looking at just the money won from in-person gamblers, Borgata won $51.6 million, down 6.1%; Hard Rock won $41.4 million, up 16.7%; Ocean won $31.4 million, up 1.4%; Harrah's won $19.4 million, down 7.6%; Tropicana won $17.8 million, down 6.8%; Caesars won $17.5 million, down 7.7%; Resorts won nearly $12.5 million, down 0.2%; Bally's won $12 million, up 20.4%; and Golden Nugget won $11 million, down nearly 3%.

The total amount of money bet on sports, known as “handle,” reached a new high in November as well. But of the $1.62 billion worth of bets taken by the casinos and tracks, only $96 million was kept as revenue after paying out winning bets and other expenses.

The Meadowlands Racetrack in East Rutherford, just outside New York City and known for hosting a FanDuel sports book, won over half of that, at $57.6 million. Resorts Digital, with an affiliation with DraftKings, won over $19 million from sports betting.

Get up-to-the-minute news sent straight to your device.

热门文章
菲律宾博彩技术赛道迎来新变局,B2B 供应模式加速渗透
东南亚资讯
印度最高法院受理公益诉讼,要求全国禁封“伪装”成社交游戏的赌博平台
游戏风向
越南在线博彩业政策收紧 催生市场新机遇
东南亚资讯
巴西颁布新法赋权央行封锁非法博彩账户及 Pix 交易
支付动态
超级PAC筹资4800万美元:体育博彩势力加码
游戏风向
哈萨克斯坦计划对在线赌场促销活动进行处罚
游戏风向
2027 Global Game Connect(GGC)斯里兰卡招商全面开启!业务人脉尽在掌握!
灰度头条
巴西拟将博彩税率提高至24% 税收将用于社保和医疗领域
游戏风向
密西西比州众议院委员会推进提议增加赌场税的法案
游戏风向
亚洲顶尖游戏供应商多寶游戏 DB GAMING,开创亚洲市场的唯一首选
广告营销
新泽西州7月博彩收入创6.06亿美元新高,颁布禁令
游戏风向
准备好了将你的收益最大化吗?尝试ProPush.me Constructor!
广告营销
英国确认各垂直行业的赌博税税率
游戏风向
BETFAIR 网络攻击80万用户资料泄露
游戏风向
JILI 宣布与全球板球传奇 AB de Villiers(ABD)达成重磅战略合作
体育游戏
首页
游戏
合作
发现
我的