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Gaming

New Jersey casino, sports-betting revenue was up 10.4% in February

Friday 17 de March 2023 / 12:00

2 minutos de lectura

(Atlantic City).- New Jersey’s casinos, horse tracks that take sports bets and the online partners of both types of gambling saw their revenue increase by 10.4% in February.

New Jersey casino, sports-betting revenue was up 10.4% in February

But what the industry considers to be its core business — money won from in-person gamblers — was up only slightly for the month, and only three of the nine casinos won more than they did in February 2019, before the coronavirus pandemic hit.

Figures released Thursday by the New Jersey Division of Gaming Enforcement show the casinos and tracks won over $412 million in February, up 10.4% from a year earlier.

But that figure can be misleading because it includes online winnings, which must be shared with third parties like sports books and tech platforms, and is not solely for the casinos and tracks to keep. Up to 70% of online winnings are shared with these outside parties, casino executives say.

From on-site gambling, casinos won nearly $215 million, up 1.2% from a year earlier. Just three casinos — Borgata, Hard Rock and Ocean — won more from in-person gamblers last month than they did in February 2019.

“Locally, the addition of two new casino resorts to the established seven has disrupted market share,” said Jane Bokunewicz, director of the Lloyd Levenson Institute at Stockton University, which studies the Atlantic City gambling industry. “The local market pie has grown, but the way that pie is cut has changed, shifting in favor of the newest entrants to the market.”

Internet gambling brought in $142.5 million, up nearly 10% from a year earlier.

February sports best including the Super Bowl totaled $847.4 million, with $54.6 million left after paying off winning bets and other expenses.

Bally’s in-person revenue was $12.2 million, up 14.3% from a year earlier; Borgata won $57.4 million, up 8.8%; Caesars won just over $19 million, up 1.4%; Golden Nugget won $11.1 million, down nearly 14%; Hard Rock won $37.5 million, up less than 1%; Harrah’s won $21.3 million, up 8.1%; Ocean won $26.2 million, down 11.5%; Resorts won $12.6 million, down 2%; and Tropicana won $17.2 million, down just under 1%.

When internet and sports betting money is included, Bally’s won $18.1 million, up 49%; Borgata won $101.2 million, up 7.4%; Caesars won $19.2 million, up less than 1%; Golden Nugget won $47.8 million, virtually identical to a year earlier; Hard Rock won $44.4 million, down less than 1%; Harrah’s won nearly $21 million, up 7.4%; Ocean won $30.1 million down 2.2%; Resorts won $12.6%, down 5.4%, and Tropicana won $26.2 million, up half a percent.

Among internet-only entities, Resorts Digital won $48.2 million, up more than 25%; and Caesars Interactive NJ won $8.3 million, down 17.5%.

Categoría:Gaming

Tags: Sports Betting, casino,

País: United States

Región: North America

Event

Peru Gaming Show 2025

18 de June 2025

PGS 2025 exceeds all expectations with record attendance and strong support from public and exhibitors

(Lima, SoloAzar Exclusive).- The latest edition of Peru Gaming Show established itself as a key event in the Latin American gaming industry, with more than 5,000 daily attendees from 40 countries and a vibrant exhibition hall. Strategic conferences and high-level networking rounded out this historic edition. SoloAzar shares all the details in this interview with Joe López, CEO of AMG, the event organizer.

Wednesday 02 Jul 2025 / 12:00

PGS 2025 : Win Systems shines with Gold Club Colors and strengthens its leadership in casino solutions

(Barcelona).- Win Systems, a leading provider of technology for the gaming and entertainment industry, wrapped up a highly successful participation at the Peru Gaming Show 2025 (PGS).

Wednesday 02 Jul 2025 / 12:00

Amatic Returns to Peru with a Bang: New Jackpot Games and Bold Expansion at PGS 2025

(Lima, SoloAzar Exclusive).- After an eight-year hiatus, Amatic made a powerful comeback at the Peru Gaming Show 2025, unveiling its latest multigame titles and the thrilling ‘Lucky Link’ jackpot series. The company is betting big on Peru’s dynamic gaming scene. Read about the strong reception and big plans for LatAm growth in this interview with Lawrence Levy, Amatic Commercial Director for the Americas.

Wednesday 02 Jul 2025 / 12:00

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