New Jersey igaming sets another revenue record at $213 million, overtaking casino action
Regulation · 2024-11-18

New Jersey igaming sets another revenue record at $213 million, overtaking casino action

ATLANTIC CITY, N.J. (AP) — New Jersey’s igaming market set another record in October, the latest proof that people are betting more of their money online rather than coming to Atlantic City to gamble it in person.

Figures released Monday by the New Jersey Division of Gaming Enforcement show the casinos and their online partners won $213.6 million in October, surpassing September’s previous record of $208 million.

When in-person casino winnings, internet and sports betting revenue are included, the nine casinos, two horse tracks that take sports bets and their online partners won just under $500 million in October, an increase of 2.6% from a year ago.

But internet and sports betting money is not solely for the casinos to keep; it must be shared with outside parties including sports books and tech platforms. For that reason, the casinos consider money won from in-person customers to be their core business.

And that business continues to lag for two-thirds of the casinos. Only three casinos — Borgata, Hard Rock and Ocean — won more from in-person gamblers last month than they did in October 2019, before the COVID-19 pandemic hit.

The swing toward igaming and away from in-person casino gambling accelerated during the pandemic, and is becoming a more permanent feature of New Jersey’s gambling landscape.

Jane Bokunewicz, director of the Lloyd Levenson Institute at Stockton University, which studies the Atlantic City gambling industry, said the trend is becoming more obvious.

“Despite a historically dry and very mild October, brick-and-mortar gaming operators in Atlantic City did not see strong gains over 2023, instead declining by 8.5% year-over-year,” she said.

But total revenue for the casinos was up over 9% from a year ago, “in no small part due to internet gaming, which continued a record streak,” she said.

James Plousis, chairman of the New Jersey Casino Control Commission, noted that internet revenue surpassed in-person casino revenue for the first time in October, excluding the few months in 2020 when the physical casinos were closed due to the pandemic.

He also noted that igaming revenue exceeded $200 million for the second straight month.

“These two accomplishments are emblematic of the importance of online gaming as a component of the evolving casino business,” he said.

In terms of in-person gambling revenue, Borgata won $53.4 million, down 6.1% from a year earlier; Hard Rock won $40.8 million, down 1%; Ocean won $32.8 million, down over 24%; Tropicana won $17.6 million, up 7.4%; Harrah’s won $15.7 million, down 11.5%; Caesars won just under $15 million, up 4.1%; Resorts won $12 million, down over 9%; Bally’s won $11.4 million, down 7.8%; and Golden Nugget won $9.6 million, down over 20%.

When internet and sports betting money is included, Borgata won $106.1 million, up 5.8%; Resorts won $88.7 million, up nearly 19%; Golden Nugget won $76.7 million, up nearly 25%; Hard Rock won $55.1 million, up 6.2%; Ocean won $39 million, down nearly 19%; Bally’s won $23.1 million, up 17.2%; Tropicana won $17.7 million, up 9.1%; Harrah’s won $15.8 million, down 10.6%; and Caesars won $15.2 million, up 1.5%.

热门文章
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
超级PAC筹资4800万美元:体育博彩势力加码
游戏风向
灰度在iGB L!VE 2026展位T70和你相约7月,一起点燃伦敦的热情!
灰度头条
越南在线博彩业政策收紧 催生市场新机遇
东南亚资讯
横跨全球6个城市,灰度8场派对邀你共看世界杯,重塑高质量社交新场景
灰度头条
准备好了将你的收益最大化吗?尝试ProPush.me Constructor!
广告营销
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
哈萨克斯坦计划对在线赌场促销活动进行处罚
游戏风向
灰度世界杯嘉年华狂欢派对吉隆坡站即将开启,业务拓展人脉社交从马来西亚开始
灰度头条
越南博彩管控逐步放宽,惟本土需求仍显乏力
东南亚资讯
PropellerAds 分享了新的 iGaming 案例研究:在 3 个月实现 97,674 次安装和 12,701 笔存款
广告营销
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
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
亚洲游戏市场观察:15大市场热门游戏与用户趋势
线上游戏
首页
游戏
合作
发现
我的