Current:Home > MarketsAnother record for New Jersey internet gambling revenue as in-person winnings struggle -Infinite Edge Learning
Another record for New Jersey internet gambling revenue as in-person winnings struggle
View
Date:2025-04-13 13:23:46
ATLANTIC CITY, N.J. (AP) — New Jersey’s high-flying internet gambling market continues to smash records. But the amount of money won from in-person gamblers at most of Atlantic City’s casinos is less than it was before the COVID19 pandemic.
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.
And although it was not a record, sports betting, powered by the March Madness college basketball tournament, saw almost $1.33 billion worth of bets taken in March. That was the fourth-highest amount since sports betting became legal in 2018 following a U.S. Supreme Court decision in a case brought by New Jersey.
Including in-person casino winnings, internet gambling and sports betting revenue, the casinos, their online partners and horse tracks that accept sports bets won over $526 million in March, up 8.1% from March 2023.
But the casinos’ key metric, the amount of money won from in-person gamblers, continued to struggle. While the $239 million the nine casinos collectively won from in-person gamblers was up nearly 5% from a year earlier, and narrowly exceeded the total that all nine won in March 2019, before the pandemic hit, only two of the nine casinos individually won more in person last month than they did pre-COVID.
Jane Bokunewicz, director of the Lloyd Levenson Institute at Stockton University, which studies the Atlantic City gambling market, said total gambling revenue for 2024 is “off to a solid start” over the first three months of this year, up 11% compared to the same three months last year.
The casinos care most about in-person winnings because they can keep all that money. By contrast, money won from internet gambling or sports betting must be shared with outside parties.
The Borgata won $56.5 million in person in March, down 8.1% from a year earlier. Hard Rock won $44.3 million, up 11%; Ocean won $40.6 million, up 17.6%; Harrah’s won $21 million, up 2%, and Tropicana won $19.8 million, up 2.5%.
Caesars won $18.5 million in person, up nearly 8%; Golden Nugget won $13.6 million, up 11.4%; Resorts won $13.4 million, up nearly 6%, and Bally’s won $11.7 million, up 11.2%.
When internet and sports betting revenue are added, Borgata won $106.6 million, down 6.1% from a year earlier; Golden Nugget won $70.6 million, up 28.2%; Hard Rock won $58.3 million, up 17.2%; Ocean won nearly $48 million, up over 21%, and Tropicana won $36 million, up 11.5%.
Harrah’s won $22.2 million, up 8%; Bally’s won $20.9 million, up 20.6%; Caesars won $18.7 million, up 10.2%, and Resorts won $13.6 million, up 8.4%.
Resorts Digital, the casino’s online arm, won $66.4 million, down 11%, and Caesars Interactive NJ won $6.4 million, down 23%.
The casinos and tracks kept just under $90 million in sports betting revenue after wining bets and other expenses were paid.
___
Follow Wayne Parry on X, formerly Twitter, at www.twitter.com/WayneParryAC
veryGood! (64)
Related
- Global Warming Set the Stage for Los Angeles Fires
- Fatal Hougang stabbing: Victim was mum of 3, moved to Singapore to provide for family
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- The best tech gifts, gadgets for the holidays featured on 'The Today Show'
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- A fugitive gains fame in New Orleans eluding dart guns and nets
- 'Yellowstone' Season 5, Part 2: Here's when the final episode comes out and how to watch
- Snoop Dogg Details "Kyrptonite" Bond With Daughter Cori Following Her Stroke at 24
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- Trump says Kari Lake will lead Voice of America. He attacked it during his first term
Ranking
- 2025 'Doomsday Clock': This is how close we are to self
- Jim Carrey Reveals Money Inspired His Return to Acting in Candid Paycheck Confession
- Krispy Kreme's 'Day of the Dozens' offers 12 free doughnuts with purchase: When to get the deal
- Orcas are hunting whale sharks. Is there anything they can't take down?
- Skins Game to make return to Thanksgiving week with a modern look
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
Recommendation
Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
Here's how to make the perfect oven
Epic Games to give refunds after FTC says it 'tricked' Fortnite players into purchases
Social media platform Bluesky nearing 25 million users in continued post
US wholesale inflation accelerated in November in sign that some price pressures remain elevated
Donald Trump is returning to the world stage. So is his trolling
Mitt Romney’s Senate exit may create a vacuum of vocal, conservative Trump critics
Alex Jones keeps Infowars for now after judge rejects The Onion’s winning auction bid