A record-breaking January for New Jersey gambling, even as in-person casino winnings fall
10 months, 3 weeks ago

A record-breaking January for New Jersey gambling, even as in-person casino winnings fall

Associated Press  

ATLANTIC CITY, N.J. — Four major gambling revenue records were smashed in New Jersey in January as 2024 got off to a rousing start for everything except the thing casinos care about most: the amount of money won from in-person gamblers. The total amount won by Atlantic City’s nine casinos, the three horse tracks that take sports bets, and their online partners was more than $559 million, up 28% from a year earlier. “The success of online gaming and sports wagering continues to provide competitive advantage to operators even during Atlantic City’s traditional off-season,” said James Plousis, chairman of the New Jersey Casino Control Commission. Monmouth Park in Oceanport, near the Jersey Shore, won nearly $2.4 million, up 8.5%, while Freehold Raceway lost over $1 million on sports bets compared to a $1.6 million win a year earlier.

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History of this topic

Another month, another record smashed for New Jersey internet gambling
3 weeks, 4 days 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 …

Atlantic City casino earnings fall nearly 14% in 3rd quarter
1 month, 2 weeks ago

Atlantic City casino earnings fall nearly 14% in 3rd quarter

Associated Press  

ATLANTIC CITY, N.J. — Atlantic City’s casinos saw their operating profits decline by nearly 14% in the third quarter of this year, figures released Friday by New Jersey gambling regulators show. The state Division of Gaming Enforcement issued statistics showing that the nine casinos had a collective gross operating profit of $236.5 million in the third quarter. James Plousis, chairman …

New Jersey internet gambling sets another revenue record at $213 million
1 month, 3 weeks ago

New Jersey internet gambling sets another revenue record at $213 million

Associated Press  

ATLANTIC CITY, N.J. — New Jersey’s internet gambling 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, …

Atlantic City casino earnings declined by 1.3% in 2nd quarter of 2024
4 months, 2 weeks ago

Atlantic City casino earnings declined by 1.3% in 2nd quarter of 2024

Associated Press  

ATLANTIC CITY, N.J. — Atlantic City’s casinos and two internet-only gambling entities saw their collective earnings decline by 1.3% in the second quarter of 2024 compared with the same period a year earlier, state gambling regulators said Thursday. Figures released by the New Jersey Division of Gaming Enforcement show the nine casinos and two online operations collectively posted a gross …

Plain old bad luck? New Jersey sports betting revenue down 24% at casinos, and 9.5% overall in June
5 months, 3 weeks ago

Plain old bad luck? New Jersey sports betting revenue down 24% at casinos, and 9.5% overall in June

Associated Press  

ATLANTIC CITY, N.J. — New Jersey’s casinos saw their sports betting revenue decline by nearly 24% in June, and sports betting revenue overall in the state declined by 9.5%, according to figures released Tuesday by state gambling regulators. The New Jersey Division of Gaming Enforcement reported that the nine casinos collectively saw their sports betting revenue decline by 23.9% in …

New Jersey casino and sports betting revenue was nearly $510 million in May, up 8.3%
6 months, 3 weeks ago

New Jersey casino and sports betting revenue was nearly $510 million in May, up 8.3%

Associated Press  

ATLANTIC CITY, N.J. — New Jersey’s casinos, horse tracks that take sports bets and their online partners won nearly $510 million from gamblers in May, an increase of 8.3% from a year earlier, according to figures released Friday by state gambling regulators. “Consumer interest has been strong, driven by must-see unique investments recently made in the casino hotels.” Jane Bokunewicz, …

New Jersey overall gambling revenue up 10.4% in April, but in-person casino winnings were down
7 months, 3 weeks ago

New Jersey overall gambling revenue up 10.4% in April, but in-person casino winnings were down

Associated Press  

ATLANTIC CITY, N.J. — New Jersey’s casinos, horse tracks that accept sports bets and their online partners won more than half a billion dollars from gamblers in April, an increase of 10.4% from a year earlier, state gambling regulators said Thursday. Figures released by the New Jersey Division of Gaming Enforcement show the casinos, tracks and their partners won nearly …

Another record for New Jersey internet gambling revenue as in-person winnings struggle
8 months, 3 weeks ago

Another record for New Jersey internet gambling revenue as in-person winnings struggle

Associated Press  

ATLANTIC CITY, N.J. — New Jersey’s high-flying internet gambling market continues to smash records. Figures released Tuesday by the New Jersey Division of Gaming Enforcement show that the casinos and their online arms won over $197 million from online casino games in March, setting another monthly record. Including in-person casino winnings, internet gambling and sports betting revenue, the casinos, their …

Internet gambling revenue continues to soar in New Jersey. In-person revenue? Not so much.
9 months, 3 weeks ago

Internet gambling revenue continues to soar in New Jersey. In-person revenue? Not so much.

Associated Press  

ATLANTIC CITY, N.J. — 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. Those two more recent forms of gambling helped the casinos, racetracks that accept sports bets and their online partners …

U.S. casinos won $66.5B in 2023, their best year ever as gamblers showed no economic fear
10 months, 3 weeks ago

U.S. casinos won $66.5B in 2023, their best year ever as gamblers showed no economic fear

Associated Press  

ATLANTIC CITY, N.J. — America’s commercial casinos won $66.5 billion from gamblers in 2023, the industry’s best year ever, according to figures released by its national trade association Tuesday. When revenue figures from tribal-owned casinos are released separately later this year, they are expected to show that overall casino gambling brought in close to $110 billion to U.S. casino operators …

New Jersey casino, sports bet revenues hit high of $5.8B, but most casinos trail pre-COVID levels
11 months, 3 weeks ago

New Jersey casino, sports bet revenues hit high of $5.8B, but most casinos trail pre-COVID levels

Associated Press  

ATLANTIC CITY, N.J. — New Jersey’s casino and sports betting operators and their online partners won nearly $5.8 billion in 2023, setting a new record, figures released Tuesday show. The numbers released by the New Jersey Division of Gaming Enforcement show that the casinos, three horse tracks that have sports betting, and their online partners won $5.77 billion last year, …

Internet gambling and sports betting set new records in New Jersey
1 year ago

Internet gambling and sports betting set new records in New Jersey

Associated Press  

ATLANTIC CITY, N.J. — 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. Jane Bokunewicz, director of the Lloyd Levenson Institute at Stockton University, which studies the Atlantic City gambling industry, noted that internet and …

Atlantic City casino profits fall 7.5% in 3rd quarter of 2023
1 year, 1 month ago

Atlantic City casino profits fall 7.5% in 3rd quarter of 2023

Associated Press  

ATLANTIC CITY, N.J. — Atlantic City’s casinos and two internet-only entities earned $281.2 million in the third quarter of this year, a decline of 7.5% from the same period a year ago, New Jersey gambling regulators said Tuesday. Gross operating profit reflects earnings before interest, taxes, depreciation, and other expenses, and is a widely accepted measure of profitability in the …

New Jersey’s casinos, tracks and partners won $531M from gamblers in August
1 year, 3 months ago

New Jersey’s casinos, tracks and partners won $531M from gamblers in August

Associated Press  

ATLANTIC CITY, N.J. — New Jersey’s casinos, racetracks that accept sports bets and the online partners of both types of gambling won more than $531 million in August, up almost 13% from a year earlier. Figures released Friday by the New Jersey Division of Gaming Enforcement also showed that in-person gambling done on the premises of Atlantic City’s nine casinos …

US casinos top $60B in revenue in 2022, their best year ever
1 year, 10 months ago

US casinos top $60B in revenue in 2022, their best year ever

Associated Press  

ATLANTIC CITY, N.J. — Commercial casinos in the United States won more than $60 billion from gamblers in 2022, the best year in the industry’s history. But David Forman, a vice president with the association, estimated that tribal casinos could report an additional $41 billion in revenue later this year, putting the total U.S. casino industry over the $100 billion …

New Jersey casinos pass pre-pandemic revenue levels in April
2 years, 7 months ago

New Jersey casinos pass pre-pandemic revenue levels in April

Associated Press  

ATLANTIC CITY, N.J. — New Jersey’s casinos, horse tracks that offer sports betting and the online partners of both types of gambling outlets won $422 million from gamblers in April, up 20% from a year earlier, figures released Monday show. And the casinos’ core business, revenue won from in-person gamblers, surpassed the level of April 2019, before the coronavirus pandemic …

What inflation? US casinos have best month ever, winning $5.3bn
2 years, 8 months ago

What inflation? US casinos have best month ever, winning $5.3bn

Al Jazeera  

Americans bet $57.7bn on sports last year, more than twice the amount from 2020. Inflation may be soaring, supply chains remain snarled and the coronavirus just won’t go away, but United States casinos are humming right along, recording the best month in their history in March. The American Gaming Association, the gambling industry’s national trade group, said Wednesday that US …

Nevada casinos go record 9 months with $1B in house winnings
3 years ago

Nevada casinos go record 9 months with $1B in house winnings

The Independent  

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