New Jersey overall gambling revenue up 10.4% in April, but in-person casino winnings were down

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Gambling News

New Jersey,Hospitality And Leisure Industry,General News

New Jersey’s casinos, horse tracks that accept sports bets, and their online partners won more than half a billion dollars from gamblers in April, an increase of over 10% from a year earlier. But figures released Thursday by state gambling regulators show that was due in large part to the state’s second-best month ever for internet gambling.

Dealers conduct a game of roulette at the Hard Rock casino in Atlantic City, N.J., on May 17, 2023. Figures released by state gambling regulators on Thursday, May 16, 2024, show that New Jersey’s casinos, horse tracks that accept sports bets and their online partners won more than half a billion dollars from gamblers in April, an increase of 10.4% from a year earlier. Gamblers play the cash wheel at the Hard Rock casino in Atlantic City, N.J., on May 17, 2023.

But money from internet and sports bets must be shared with casino partners such as sports books and tech platforms and is not solely for the casinos to keep. For that reason, casinos consider in-person winnings to be their core business.Six of the nine casinos won less from in-person gamblers in April than they did a year earlier. And six of nine casinos also won less in-person money this April than they did in April 2019, before the COVID-19 pandemic hit.

Including internet and sports betting revenue, Borgata won $107.7 million, down 0.2%; Golden Nugget won nearly $66 million, up 20.4%; Hard Rock won $55.2 million, up 18.6%; Ocean won $35.7 million, down 8.6%; Tropicana won $34.8 million, up nearly 28%; Bally’s won $21.5 million, up 5%; Harrah’s won $18.3 million, down 16%; Caesars won $16.1 million, down 19.3%; and Resorts won $12.1 million, down nearly 2%.

 

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