Atlantic Metropolis On line casino Win Down for Second Consecutive Month

Posted on: March 17, 2024, 01:57h. 

Final up to date on: March 17, 2024, 01:57h.

Atlantic Metropolis on line casino income was down in February, the market’s second consecutive year-over-year month-to-month win decline.

Atlantic City casino revenue GGR New Jersey
A gambler performs a slot machine at Ocean On line casino Resort in Atlantic Metropolis. Brick-and-mortar on line casino win in Atlantic Metropolis was down in February 2024, the second straight month that the 9 casinos received much less cash than they did throughout the identical month within the prior yr. (Picture: AP)

The New Jersey Division of Gaming Enforcement (DGE) regulates all types of gaming contained in the Backyard State apart from the state-run lottery. The regulator mentioned the 9 casinos down the shore generated gross gaming income (GGR) of roughly $211.6 million in February, a 1.6% slide from February 2023 when the 9 properties received practically $215 million.

James Plousis, chair of the New Jersey On line casino Management Fee, which oversees the DGE, mentioned the February brick-and-mortar numbers weren’t stunning.

On line casino win within the midst of the normal offseason has been comparatively constant. In every of the previous three years, February’s on line casino win has exceeded $210 million,” Plousis wrote to On line

The casinos weren’t as fortunate final month, as income from desk video games fell over 5% to $52.7 million. Slot win was about flat at $158.9 million.

With January’s brick-and-mortar on line casino win down, Atlantic Metropolis’s 9 casinos by way of two months of 2024 are 2.4% beneath the place they had been at the moment final yr. The two.4% distinction equates to about $10.3 million.

iGaming, Sports activities Betting Continues Surge

Income from on-line gaming and sports activities betting simply offset the brick-and-mortar declines.

iGaming GGR, plus poker rake collected on-line, jumped 28% to $182.3 million. The web gaming haul represented New Jersey’s second-highest consequence because the vertical’s inception in 2013.

Oddsmakers stored about $67.5 million of the greater than $1 billion wagered. Sportsbook revenue was up 24% year-over-year.

New Jersey GGR in February from all verticals totaled $461.48 million — 12% larger than February 2023.

Borgata continued to dominate the state gaming trade. The Marina District on line casino operated by MGM Resorts received $98.1 million from its on line casino, iGaming operations, and sportsbooks.

Borgata’s on line casino ground received $53.6 million, whereas its iGaming and sports activities betting companies respectively received $40 million and $4.5 million.

Resorts was second at $84.3 million, with the Boardwalk property predominantly making its cash on-line. Whereas the bodily on line casino received simply $12.1 million, Resorts’ iGaming websites received $48 million and sportsbooks $24.2 million.

Third-place Golden Nugget additionally focuses on-line, with its on line casino successful $11.6 million and its iGaming platforms accounting for $51.5 million. Its sports activities betting enterprise posted a $350,000 loss for the month.

As for the remainder of the casinos, Laborious Rock reported GGR of $55 million, Ocean reported $37.6 million, Tropicana was at $30.2 million, Bally’s received $19 million, Harrah’s received $18.7 million, and Caesars received $16.3 million.

The income numbers for the three casinos operated by Caesars Leisure — Caesars, Harrah’s, and Tropicana — had been truly barely larger, as the corporate teams its iGaming income into its Caesars Interactive license. The corporate’s digital unit received about $5.6 million in the course of the month.

Accountable Gaming Month

March is Downside Playing Consciousness Month in New Jersey, which coincides with March being designated Nationwide Downside Playing Consciousness Month.

This time every year, we pause to acknowledge that some folks develop issues with playing or are in danger for dependancy,” Plousis mentioned. “Schooling and therapy applications can be found. In the event you or anybody you understand has a playing drawback, name 1-800-GAMBLER.”

Final yr, the 1-800-GAMBLER hotline was deployed throughout the nation after the Council on Compulsive Playing of New Jersey agreed to lend the quantity to the Nationwide Council on Downside Playing. The DC-based nonprofit works with state affiliate members to cut back the non-public, social, and financial prices of drawback playing.

For these wishing to textual content as an alternative of name, the 1-800-GAMBLER hotline will be reached by texting the quantity “800GAM.”  

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