Tag: New Jersey gambling
New Jersey Gambling Grows to $412 Million
New Jersey gambling revenue is keeping pace with the rest of the country. The state of Nevada kept their streak of billion dollar months rolling along int he month of January, and gambling across America set a record of $5.5 billion at the same time. Now, New Jersey has reported a jump of over 10% in their revenue. The Division of Gaming Enforcement reported that the casino win for New Jersey’s nine casinos came in at $215 million for February, which was a modest growth of 1.2% from last year. So far in 2023, those properties have generated over $425…
New Jersey Sports Betting Tops Nevada
As the economic free fall continues for the gambling industry amidst the Coronavirus pandemic, New Jersey sports betting has finally overtaken Nevada as leader of the American market. New Jersey’s total handle was over $6 billion last year, while Nevada sports gambling took in only $4.3 billion in 2020. Nevada regulators cited the coronavirus pandemic for the falling revenue. The first legal bet in New Jersey was placed in June of 2018. “The reason for the decrease to this calendar year was the result of the suspension of gaming operations from March 18 through June 4 due to COVID-19,” the…
Pennsylvania & New Jersey Gambling Down Huge
Despite an explosion in the volume of online gambling in the states, both Pennsylvania and New Jersey gambling have fallen dramatically during the pandemic… losing nearly $300 million in revenue. Things were not any better in Delaware. Despite online gambling indeed skyrocketing in all three states, newly released data show it wasn’t nearly enough to offset massive losses from traditional casinos. Pennsylvania, New Jersey and Delaware allow regulated online gaming, including poker, roulette and slots. As casinos across the country went dark under the Coronavirus last month, eyes turned toward those digital life rafts: could they ride out the storm?…
New Jersey Online Gambling Revenue up 28% in January
The Division of Gaming Enforcement has announced that New Jersey online gambling revenue gross win increased by 28% on a month-on-month basis during January 2014. New Jersey’s online gambling industry generated a total of £9.5 million (€6.9 million) during January, a significant increase on the $7.4 million achieved in December 2013. The Borgata Hotel Casino & Spa proved to be the most successful of Atlantic City’s casinos in the online gaming market, having generated a total of $3.9 million in January. In comparison, Golden Nugget Atlantic City was the least successful with just $286,922 in online gaming revenue. In addition,…
Betfair Promotes New Jersey Gambling Launch
Betfair kicked off its marketing campaign in the U.S. by touting its entry into the New Jersey gambling online marketplace. “Lets Play NJ.com” is sprawled across the top of Betfair’s new websites at BetfairNJ.com and LetsPlayNJ.com. New Facebook and Twitter accounts have also been established. A partnership with Atlantic City’s Trump Plaza has already been inked. However, New Jersey Division of Gaming Enforcement (DGE) regulators have yet to approve either Trump Plaza or Betfair as the casino’s online gambling partner. Only the Borgata Hotel Casino & Spa and the Golden Nugget Atlantic City have received operator’s permits for New Jersey…
Doubling Down on Gambling in Atlantic City
From NY Times – Known simply as Revel, the newest addition to this gambling city was going to be different. The emphasis was on luxury, with the Himalayan salt grotto in the spa, the botanic garden winding toward a rooftop pool, the Michelin chefs instead of all-you-can-eat buffets. There was no smoking in its 47 stories, and with floor-to-ceiling windows offering vistas onto the Atlantic Ocean, you could almost forget the seedier streets at its back. There was a casino, but it was self-contained on one floor, as if it were an aside. This was a resort, its promoters said,…