listen to this article“The success of online gaming and sports betting continues to provide operators with a competitive advantage, even during Atlantic City’s traditional off-season,” said New Jersey Casino Control Commissioner James Prusis. said.
In fact, the game’s total revenue skyrocketed heading into 2024. Prusis’ remarks were made in conjunction with his Feb. 16 release of his January 2024 game numbers by the Department of State Gaming Enforcement (DGE).
Atlantic City’s nine casinos reported a TGR of $444.7 million, an increase of 15% from January of last year. Including casinos, racetracks and their partners, TGR was $559.1 million, an increase of 28% from January 2023.
“Despite more severe weather than in 2023, Atlantic City casino operators saw gross gaming revenue increase by more than 15% in January 2024,” says the Lloyd D. Levenson Institute for Gaming, Hospitality and Tourism (LIGHT) said Professor Jane Bochnewicz. , Stockton University School of Business, in Analysis of Game Reports. “The majority of this profit was driven by our off-site operations, which generated record single-month revenues in both Internet gaming and sports betting.”
January 2024 | Remarkable numbers
- Victory in internet games is $183.3 million – 19.9% increase compared to January last year
- Former sports betting handle $1.7 billion The total revenue is $170.8 million – 136.1% increase compared to January last year
- casino win $205 million – 3.1% decrease from January last year
The top three performing properties for winning at the casino are:
- Borgata – $57.6 million
- Hard Rock – $37.3 million
- Ocean Casino – $33.1 million
record setting
“Internet gaming wins set a new monthly record. This, combined with strong sports betting revenue, brings Atlantic City’s total gaming revenue to its highest January level since 2006. ,” Prusis said. “While casino winnings were down compared to the same month last year, January was the second best in the past 11 years.”
“Seasonal weather typically impacts the industry, which led to a 3% decline in physical store revenue in January 2024 compared to 2023, when the weather was mild,” Bochnevich said. explained. “Brick-and-mortar activity may have been diverted to online channels, increasing total Internet gaming and online sports betting. Once the weather improves, Atlantic City’s brick-and-mortar casino operations could see even better year-over-year profits. is likely to obtain.”
“Operators have invested millions of dollars to add attractions and amenities and enhance their world-class hotels to create memorable in-person experiences for the upcoming tourism season,” Prusis said. he said.
big matchbet
The state Gambling Enforcement Agency has released preliminary wagering statistics for Super Bowl III, to be held on February 11th, with New Jersey sportsbooks reporting nearly $8.5 million in winnings. Click here to read the full article.
