Another month, another record smashed for New Jersey internet gambling
6 days, 18 hours ago

Another month, another record smashed for New Jersey internet gambling

Associated Press  

ATLANTIC CITY, N.J. — New Jersey’s red-hot internet gambling market continued to smash records in November, even as revenue inside physical casinos continued to lag behind pre-pandemic levels at six of Atlantic City’s nine casinos, numbers released Monday show. The New Jersey Division of Gaming Enforcement said internet gambling brought in just over $214 million in November, narrowly eclipsing the previous record of $213 million set a month earlier. Jane Bokunewicz, director of the Lloyd Levenson Institute at Stockton University, which studies the Atlantic City gambling industry, noted that New Jersey’s internet gambling market exceeded $200 million for the third month in a row. When internet and sports betting revenue is included, the casinos, two horse tracks that take sports bets and their online and tech partners won $556 million in November, an increase of 15.4%. Resorts, which is allied with DraftKings with a retail location and online operations, had nearly $38 million in sports betting revenue in November, nearly double the amount from a year earlier.

History of this topic

New Jersey fines sports betting firms for taking bets after games had already ended
1 week, 6 days ago
Legislators propose 15% to 25% tax rate for new states adopting internet gambling
2 weeks, 4 days ago
Atlantic City casino earnings fall nearly 14% in 3rd quarter
1 month ago
Atlantic City’s top casino underpaid its online gambling taxes by $1.1M, regulators say
3 months, 2 weeks ago
Atlantic City casino earnings declined by 1.3% in 2nd quarter of 2024
4 months ago
Plain old bad luck? New Jersey sports betting revenue down 24% at casinos, and 9.5% overall in June
5 months ago
New Jersey fines DraftKings $100K for reporting inaccurate sports betting data to the state
5 months, 2 weeks ago
Atlantic City casino profits declined by nearly 10% in first quarter of 2024
7 months ago
New Jersey overall gambling revenue up 10.4% in April, but in-person casino winnings were down
7 months ago
New York competition, smoking, internet betting concerns roil US northeast’s gambling market
8 months ago
Another record for New Jersey internet gambling revenue as in-person winnings struggle
8 months ago
Internet gambling revenue continues to soar in New Jersey. In-person revenue? Not so much.
9 months, 1 week ago
U.S. casinos won $66.5B in 2023, their best year ever as gamblers showed no economic fear
10 months ago
A record-breaking January for New Jersey gambling, even as in-person casino winnings fall
10 months ago
Internet gambling and sports betting set new records in New Jersey
1 year ago
Internet casinos thrive in 6 states. So why hasn’t it caught on more widely in the US?
1 year ago
New Jersey’s casinos, tracks and partners won $531M from gamblers in August
1 year, 3 months ago
US casinos top $60B in revenue in 2022, their best year ever
1 year, 10 months ago
New Jersey casinos pass pre-pandemic revenue levels in April
2 years, 7 months ago
What inflation? US casinos have best month ever, winning $5.3bn
2 years, 7 months ago

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