Summary:
- Internet gambling market in New Jersey hit a new record in March.
- The New Jersey Division of Gaming Enforcement reported over $197 million in revenue from online casino games.
- Still, the in-person winnings were lower than the pre-pandemic levels at most casinos.
On Tuesday, the New Jersey Division of Gaming Enforcement issued the latest report showcasing casinos’ performances in March.
According to the fresh data, casinos generated wins of over $197 million from online casino games last month.
The amount helped the Garden State set a new online casino revenue record, which has been a constant of the fast-moving internet gambling market here.
In-Person Gambling Revenue, Lower Than Pre-Pandemic Figures
Despite the record-smashing metrics of the internet gambling market, New Jersey continues to struggle with the money won from in-person gamblers at the majority of Atlantic City’s casinos.
The figure continues to be lower than the pre-COVID-19 pandemic figures.
Compared to last year’s recorded in-person winnings for March, Borgata won $56.5 million, marking an 8.1% decrease while Hard Rock scooped up $44.3 million, signaling an 11% rise.
Harrah’s recorded a slight 2% increase to $21 million, Ocean reported $40.6 million in in-person winnings, which was 17.6% higher than March 2023 while Tropicana ended March 2024 with $19.8 million in winnings, up 2.5% compared to the same month of 2024.
Golden Nugget recorded an 11.4% rise to $13.6 million while Caesars won $18.5 million, going up 8% from last year.
Finally, Bally’s recorded $11.7 million in-person winnings, up 11.2% while Resorts reported $13.4 million, marking a 6% increase.
In total, all nine casinos collectively won $239 million from in-person gamblers, signaling a 5% increase from the past year.
Only two of the venues managed to individually win more in person in March 2024 than they did pre-COVID.
The Atlantic City Gambling Market, “Off to a Solid Start”
According to Lloyd Levenson Institute at Stockton University’s director, Jane Bokunewicz, the Atlantic City gambling market’s total revenue for the current year is “off to a solid start”.
The 11% rise compared to the first three months of 2023 year is sending positive signals into the New Jersey casino market.
However, casinos are more interested in in-person winnings since they can keep all the money, as opposed to winnings from internet gambling or sports wagering which is shared with outside parties.
About the Author
