New Jersey gambling revenue rose 6.7% in July, but five casinos still lag


ATLANTIC CITY, N.J. (AP) — New Jersey casinos, racetracks offering sports betting, and online partners of both types of gambling outlets raked in $480.7 million in July. This is his 6.7% increase from a year ago.

However, the resort’s nine casinos continue to struggle to return to pre-pandemic levels in terms of earnings from in-person gamblers, with five of them dropping from July 2019, before the coronavirus pandemic began. The amount earned in July 2022 will also decrease.

Casinos made just under $299 million in total from direct gamblers, according to figures released Tuesday by the New Jersey Bureau of Gaming Enforcement. This surpasses his $277 million they collectively earned in July 2019.

However, five casinos – Bally’s, Borgata, Golden Nugget, Harrah’s and Tropicana – won less money from face-to-face gamblers last month than they did in July 2019.

Nonetheless, Atlantic City’s July results “showed signs of a strong summer season with a return to normal business activity and consumer behavior,” said Lloyd Levenson Institute Director at Stockton University. says one Jane Bokunewicz.

“Unlike last summer, 2022 Atlantic City casinos are operating without the official public health restrictions that were still in place at the beginning of summer 2021,” she said. . “Also, even after her COVID-19 public health emergency in New Jersey ended, the persistent public health crisis caused by COVID-19 was preventing some visitors from returning to their pre-pandemic behavior. There are no sanitary concerns.”

James Prusis, chairman of New Jersey’s casino governing board, said the resort is off to a good start for an important summer season.

“Casino win rates reached their highest level in the decade in July, reflecting Atlantic City’s strength as a gaming and leisure destination,” he said. Game wins and total game revenue compared to the same period last year. ”

Internet gambling and sports betting add to the state-reported revenue totals for each casino, but gambling executives believe that these revenues are not accounted for by third-party providers, such as technology platforms, because a significant portion of these revenues are held by third-party providers, such as technology platforms. said the numbers were misleading.

As such, they say, face-to-face gambling earnings can provide a more accurate measure of a casino’s performance.

Borgata earned $124 million from face-to-face gamblers, sports bettors and internet gambling in July, up 16.4% year-on-year. Hard Rock rose nearly 8% and he earned $59.8 million. Golden Nugget earned him $49.1 million, roughly flat from the previous year. Ocean earned him $43.3 million, up 29.5% from a year ago.

Tropicana earned $35.8 million, down 2.5% from a year ago. Harrah’s gained $26.3%, down 10%. Caesars earned his $25.5 million, down 3.2%. Bally’s earned $20.7 million, up 28.4%, while Resorts fell nearly 3% to $18.3 million.

Among racetracks offering sports betting, East Rutherford’s Meadowlands earned $25.2 million in July, down from $31.7 million the year before. Oceanport’s Monmouth Park earned him $1.6 million, up from his $2.4 million the year before, and Freehold earned him $675,089, up from his $165,792 last year.

Overall, gamblers wagered $531.8 million on sports in July, down from $578.7 million a year ago.

New Jersey’s sports betting market faces a new challenge from New York, which launched mobile sports betting offerings earlier this year and quickly took the national lead in sports betting volume.

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Follow Wayne Parry on Twitter. www.twitter.com/WayneParryAC





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