Ocean’s decrease was 11.5%, with earnings worth $26.2 million. Golden Nugget decreased by 14%, with revenue of $11.1 million. Harrah’s had a great month, earning 8.1% more than in 2022 and revenue of $21.3 million. Hard Rock had a small increase of almost 1% in revenue and earned $37.5 million. Borgata’s revenue was $57.4 million, 8.8% more than in 2022, while Caesars got more than $19 million, up 1.4%. 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.”īally’s gained 14.3% more revenue in land-based casinos compared to the next year, with an earned amount of $12.2 million.
He claimed: “Locally, the addition of two new casino resorts to the established seven has disrupted market share. However, online gambling is in expansion since it achieved $143.5 million more than the previous year.ĭirector of the Lloyd Levenson Institute, Stockton University, Jane Bokunewicz, studies the Atlantic City gambling industry. It is only a slight increase compared to last year, when the revenue was 1.2% less than in 2023. On-site gambling brought about $215 million in revenue. Online betting winnings must be shared with partners such as sports books and tech platforms, so the profit for casinos and tracks is smaller than expected. The results are good, but the numbers aren’t precise since most of the revenue came from online betting. the results might not be relevant because the COVID-19 pandemic greatly impacted the whole business. However, in-person gaming hasn’t recorded such an increase. The casinos and tracks’ revenues were more than $412 million. An increase of 10.4% is evident in casinos, horse tracks that accept sports bets, and online partners of gambling properties. The New Jersey Division of Gaming Enforcement released the February revenue on Thursday, March 16th. Betting on sports futures, props and lay betsĬasino News, Latest Casino and Gambling News, Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Sports betting, Online Gambling News, Financial Press Releases, New Jersey.
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