Another month, another record smashed for New Jersey internet gambling
New Jersey’s red-hot internet gambling market continued to smash records in November, even as revenue inside physical casinos continued to lag behind pre-pandemic levels at six of Atlantic City’s nine casinos
ATLANTIC CITY, N.J. — New Jersey's red-hot internet gambling market continued to smash records in November, even as revenue inside physical casinos continued to lag behind pre-pandemic levels at six of Atlantic City's nine casinos, numbers released Monday show.
The New Jersey Division of Gaming Enforcement said internet gambling brought in just over $214 million in November, narrowly eclipsing the previous record of $213 million set a month earlier.
“The continuing success of online gaming and sports wagering has helped total gaming revenue achieve its best November monthly result in over a decade,” said James Plousis, chairman of the New Jersey Casino Control Commission.
But that's not necessarily great news for the casinos. They must share a substantial portion of internet and sports betting revenue with partners including sportsbooks and tech platforms.
For that reason, the casinos consider money won from in-person gamblers to be their core business. And that business has not been terrific for years now.
The casinos collectively matched their pre-pandemic in-person revenue total of $223.9 million in November. But only three casinos — Hard Rock, Ocean and Resorts, which barely exceeded its pre-pandemic level — won more from in-person gamblers in November than they did in Nov. 2019, before the COVID-19 outbreak began.
The continuing surge in internet gambling represents a trend that has been present in New Jersey for several years now. It was accelerated by the pandemic, which forced the casinos to close for 3 1/2
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