Seen on:
as known from New York Timesas known from USA Todayas known from yahoo!
VA
The Grueling Truth - Where Legends Speak / Latest Sports News & Rumors: Tailored for You / New Jersey gaming industry earns $470.6 million in August

New Jersey gaming industry earns $470.6 million in August

Publish Date: 09/18/2022
Fact checked by: Mike Goodpaster

The gaming industry in New Jersey—including casinos, horse tracks offering sports betting and the online partners of both kinds of gaming establishments—gained $470.6 million in August. This number was a 10 percent increase compared to last year’s August.

The revenue report was released by the New Jersey Casino Control Commission. The commission’s chairman, James Plousis, said that this year’s summer season had been “a great summer” for Atlantic City and its surrounding area.

“The recent efforts to create impressive in-person experiences will continue to provide positive momentum going into the fall,” Plousis said.

Brick-and-mortar casinos gained about $274 million from in-person players, a 4.4 percent increase from last year. This number was still less than August 2019 (pre-pandemic) which reached $286 million.

Five casinos reportedly increased their year-to-year revenue this August. Borgata gained a 29 percent increase and earned $120.7 million, while Hard Rock’s revenue went up by 2.8 to $54 million.

Ocean Casino Resort also saw a 14 percent increase to $40 million. Bally’s, on the other hand, grew by 30 percent to over $20 million. Resorts got a 0.2 percent hike, gaining $18.7 million in revenue.

An increase in online gaming activity in New Jersey was also reported by Jane Bokunewicz, director of Lloyd Levenson Institute. She explained that the faster growth rate of internet gaming compared to in-person gaming potentially suggested “a change in consumer behavior.”

“A decreased reliance on exclusively in-person gaming activity has the potential to keep the New Jersey casino industry competitive with its neighbors and make it more resilient to market disruptions that might potentially occur in the future,” Bokunewicz explained.

This August, the online casino games reportedly collected $131.4 million, which was a 16 percent increase compared to last year. Meanwhile, sports betting in casinos and horse tracks gained $546.7 million but the net revenue was $65.2 million after the establishments paid off wins and other expenses.

The development of the online gaming industry in New Jersey is expected to influence policymakers’ decisions in extending authorization for online gambling.

Read Also
Esteban de Jesus, Roberto Duran y AIDS (1972-89)
Many of us dream of celebrity sports fame, but only cruel individuals ...
Tommy Morrison and AIDS: The Truth about what happened, and how he Died.
Tommy Morrison burst onto the professional boxing scene in 1988. Following a ...
Bet365 Promo
Indiana Basketball Weekly
Welcome to Indiana Basketball Weekly, your dedicated podcast for all things Indiana ...
Come Fly with me: How the 1988-89 Chicago Bulls pushed forward to an NBA dynasty.
Find the best sportsbook to bet on the NBA Playoffs! Prologue: By ...
Peter Maher: An Irish Tribute
INTRO: I was seriously ill in 2018 with 7 nights in the ...
Ranking the top 200 players in the NFL ahead of the 2021 season
This list isn’t based solely on performances from the 2020 NFL season. ...
Top 100 NFL free agents entering the 2021 offseason
Below is a list of the top 100 free agents available this ...
Lady Tyger’s Tale: How Marian Trimiar Mauled the Boxing Establishment of the 1970s and 80s
To Feed the Ambition in Your Heart is Like Carrying a Tiger ...
The Forgotten Canadian Champion (And Maybe It’s Deserved): Billy Hawkins
As Mike Goodpaster and I prepare our popular Old-Time Boxing Show podcast, ...
The Army Boxer Who Knocked-Down Muhammad Ali (1960)
I had wanted to write a boxing story about Junebug Hudson for ...
Our Team
Mike GoodpasterJosh SchwartzSimon BriffaMark LewisSamuel Teets
+8
Mike Goodpaster
Mike Goodpaster
Chief Editor
Josh Schwartz
Josh Schwartz
Editor
Simon Briffa
Simon Briffa
Sports Editor
Mark Lewis
Mark Lewis
Editor
Samuel Teets
Samuel Teets
US Sports Veteran
Author Icon
drjaygee
Editor
Find out what the legends have to say about sports this week....
Find out what the legends have to say about sports this week....

21+ and present in VA. Gambling Problem? Call 1-800-GAMBLER.

This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.
Virginia Town HallCloudflareSSL
Close
Our Sports Pros recommend these awesome sports betting sites this week:
DraftKings
DraftKings Promo
New Customers Bet $5, Get $300 in Bonus Bets If Your Bet Wins!
T&Cs and 21+ apply
Code:
Open DraftKings
Get Bonus
FanDuel
FanDuel Promo
Bet $5 Get $150 in Bonus Bets If Your Bet Wins!
T&Cs and 21+ apply
Code:
Open FanDuel
Get Bonus
BetMGM
BetMGM Promo
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
T&Cs and 21+ apply
Code:
Open BetMGM
Get Bonus
×
Your Promo Code:
The bonus offer of was already opened in an additional window. If not, you can open it also by clicking the following link:
Play now