The growth was driven by a 2.7% rise in slot machine play, counteracting a 6.5% drop in table games revenue. This is why casinos largely consider money won from in-person gamblers to be their key business, and that key business continues to lag behind pre-pandemic levels.įor the nine casino hotel properties, casino win reached $214.9 million in November, marking a 0.2% increase from the same period in 2022. This trend indicates a persistent monthly revenue decrease throughout the year, with October figures trailing 6.6% behind September's $521.5 million.īokunewicz said it remains to be seen how the surge in online and sports betting affects the casinos' overall profitability, as these revenue streams must be shared with partners like sportsbooks and tech platforms, instead of being solely for the casinos to keep. However, it is noteworthy that this figure represents a decline of $4.7 million compared to October 2023's revenue of $487.1 million. The total gaming revenue reported by New Jersey's casinos, racetracks, and their partners for November 2023 amounted to $482.4 million, reflecting a 9.4% year-on-year increase of $41.4 million. Jane Bokunewicz, director of the Lloyd Levenson Institute at Stockton University, which studies the Atlantic City gambling industry, noted that internet and sports betting accounted for about 45% of Atlantic City's revenue in November, as per Associated Press. The figures underscore the evolving dynamics of the Atlantic City gambling market, signaling a reduced reliance on traditional brick-and-mortar casinos and the growing popularity of online gaming and sports betting. Concurrently, the casinos and three horse tracks accepting sports bets recorded $1.62 billion in bets for the month, establishing yet another record, with numbers growing 45% from the $1.1 billion recorded in the corresponding month in the previous year. In November, casinos and their technology partners saw over $171.5 million in winnings from online table games and slots, reflecting a 17.4% growth compared to November 2022's $146.2 million. New Jersey's gambling market experienced notable shifts in November, with internet gambling and sports betting setting new records, according to data released by the New Jersey Division of Gaming Enforcement.

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