{"id":17045,"date":"2024-03-18T11:10:01","date_gmt":"2024-03-18T11:10:01","guid":{"rendered":"https:\/\/instantcasinos.com\/?p=17045"},"modified":"2024-03-18T12:57:03","modified_gmt":"2024-03-18T12:57:03","slug":"online-betting-revenue-in-new-jersey-makes-huge-increase-despite-dwindling-in-person-gambling","status":"publish","type":"post","link":"https:\/\/instantcasinos.com\/online-betting-revenue-in-new-jersey\/","title":{"rendered":"Online Betting Revenue In New Jersey Makes Huge Increase Despite Dwindling In Person Gambling"},"content":{"rendered":"

New Jersey has seen a staggering rise in online betting revenue during the early stages of 2024 – but in-person gambling has taken a huge hit.<\/strong><\/p>\n

Online Betting Revenue In New Jersey<\/h2>\n

The online gambling market in New Jersey has been on a consistent rise in recent times and internet casinos are contributing to a large percentage of bets.<\/p>\n

In February 2024, $182million was won by Atlantic City’s casinos and other online sources – in a highly lucrative month for New Jersey.<\/p>\n

The Division of Gaming Enforcement revealed figures for the month, which highlighted a strong spell for sports betting due to the Super Bowl.<\/p>\n

This is highlighted by the $461m made in February from sports bets in casinos and racetracks – a 12% rise from the same month in 2023.<\/p>\n

In contrast, the nine casinos located in Atlantic City secured $211.5m through physical gamblers, which was a 1.6% decrease from 2023.<\/p>\n

Only three of the nine casinos won more in February 2024 than they managed in 2019, as the COVID-19 pandemic caused a huge dip.<\/p>\n

New Jersey gambling regulators reported that the casinos taking sports bets, which sits at three, won $461m in February (with online casinos included) and increased by 12% from last year.<\/p>\n

A member from the regulators said:\u00a0“Remote gaming options continue to be critical for Atlantic City\u2019s gaming operations, especially in the shoulder months when seasonal weather patterns are most likely to keep gamblers at home,”<\/p>\n

“Despite an extra day in the month, a wet and wintry February kept brick-and-mortar revenues for Atlantic City casinos modest.”<\/p>\n

The decrease in physical gambling is a major issue for casinos, as the money made through this facet is crucial to their stance within the business.<\/p>\n

Online gambling revenue has to be split in different ways, as it requires sports books and technology developers – meaning the casinos don’t take in the full amount.<\/p>\n

All Revenue Combined: February 2024<\/strong><\/p>\n

Borgata: $98m (down 3.1% from Feb. 2023)<\/p>\n

Golden Nugget: $62.9m (up 31%)<\/p>\n

Hard Rock: $55m (up 24%)<\/p>\n

Ocean: $37.6m (up 25%)<\/p>\n

Tropicana $30m (up 15%)<\/p>\n

Bally’s: $19m (up 5%)<\/p>\n

Harrah’s: $18.7m (down 11%)<\/p>\n

Caesars: $16.2m (down 15.5%)<\/p>\n

Resorts: $12.1m (down 4.3%)<\/p>\n

When looking at online gambling, Resorts Digital won $72.2, which is a huge increase of 50% compared to 2023 and Caesars Interactive Entertainment NJ won $5.5 million, a decrease of 33%.<\/p>\n

Check out Instant Withdrawal Casinos<\/a> for the fastest payout online casinos.<\/p>\n","protected":false},"excerpt":{"rendered":"

New Jersey has seen a staggering rise in online betting revenue during the early stages of 2024 – but in-person gambling has taken a huge hit. Online Betting Revenue In New Jersey The online gambling market in New Jersey has been on a consistent rise in recent times and internet casinos are contributing to a … <\/p>\n","protected":false},"author":60,"featured_media":17063,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[30],"tags":[],"class_list":["post-17045","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feature"],"acf":[],"yoast_head":"\nOnline Betting Revenue In New Jersey Continues To Rise<\/title>\n<meta name=\"description\" content=\"New Jersey has seen a rise in online betting revenue during the early stages of 2024, which has caused in person gambling to take a huge hit.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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