Articles for Internet Gambling

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 …

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Legislators propose 15% to 25% tax rate for new states adopting internet gambling
1 month ago

Legislators propose 15% to 25% tax rate for new states adopting internet gambling

Associated Press  

ATLANTIC CITY, N.J. — Lawmakers from states where gambling is legal are proposing standards for additional states that are considering allowing internet gambling, including a tax rate of 15% to 25%, and a ban on credit card deposits. Seven U.S. states currently offer legal online casino games: Connecticut, Delaware, Michigan, New Jersey, Pennsylvania, Rhode Island and West Virginia. “We’re trying …

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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, …

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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, …

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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 …

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Slow to expand, internet casino gambling is the future of US betting, industry execs say
8 months ago

Slow to expand, internet casino gambling is the future of US betting, industry execs say

Associated Press  

SECAUCUS, N.J. — Internet casino gambling is legal in only a handful of states, but the industry is convinced it is the future of betting, even as some worry about cannibalizing physical casinos. “That’s a lot of teacher salaries, a lot of police officers and firefighters.” The industry cites several challenges to wider approval of internet casino gambling, including fears …

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New York competition, smoking, internet betting concerns roil US northeast’s gambling market
8 months, 3 weeks ago

New York competition, smoking, internet betting concerns roil US northeast’s gambling market

Associated Press  

ATLANTIC CITY, N.J. — Casinos in the northeastern U.S. are dealing with numerous challenges as they brace for the arrival of new competitors in New York City. Mark Giannantonio, president of Atlantic City’s Resorts casino and of the Casino Association of New Jersey, said his city has “a two-year window” to prepare itself for the new competition from its northern …

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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 …

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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 …

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Panel says New York, Maryland and maybe California could offer internet gambling soon
10 months ago

Panel says New York, Maryland and maybe California could offer internet gambling soon

Associated Press  

NEW YORK — With Rhode Island this week becoming the seventh U.S. state to launch internet gambling, industry panelists at an online gambling conference predicted Wednesday that several additional states would join the fray in the next few years. Speaking at the Next.io forum on internet gambling and sports betting, several mentioned New York and Maryland as likely candidates to …

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New Jersey gambling regulator who advised nation on integrity and oversight retires
10 months, 1 week ago

New Jersey gambling regulator who advised nation on integrity and oversight retires

Associated Press  

ATLANTIC CITY, N.J. — David Rebuck, who oversaw New Jersey’s development of nation-leading internet gambling and sports betting industries and advised more than two dozen states on setting up and regulating their own gambling operations, retired Friday after 13 years as one of America’s most influential gambling regulators. Rebuck, 71, stepped down as director of the state Division of Gaming …

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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 …

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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, …

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Casino smoking and boosting in-person gambling are among challenges for Atlantic City in 2024
1 year ago

Casino smoking and boosting in-person gambling are among challenges for Atlantic City in 2024

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. The most burning issue for …

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Casino smoking and boosting in-person gambling are among challenges for Atlantic City in 2024
1 year ago

Casino smoking and boosting in-person gambling are among challenges for Atlantic City in 2024

Associated Press  

ATLANTIC CITY, N.J. — After the confetti is swept away and the empty champagne bottles recycled in Atlantic City, 2024 will bring numerous challenges and potential opportunities for the East Coast gambling resort. The most burning issue for Atlantic City in the new year is likely to be whether state lawmakers approve a measure to ban smoking in the nine …

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Internet casinos thrive in 6 states. So why hasn’t it caught on more widely in the US?
1 year, 1 month ago

Internet casinos thrive in 6 states. So why hasn’t it caught on more widely in the US?

Associated Press  

ATLANTIC CITY, N.J. — In the 10 years that it has been operating in New Jersey, internet casino gambling has generated nearly $7 billion in revenue for casinos and their affiliates, sent over a billion dollars in tax revenue to the state’s coffers and helped keep Atlantic City’s nine casinos afloat while they were shut down during the COVID-19 pandemic. …

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