Wayne Perry – Associated Press
ATLANTIC CITY, NJ (AP) – Atlantic City Casino profits in February were 43% higher than a year ago, and slightly below the February 2020 level, just before the coronavirus pandemic.
Figures released Wednesday by the State Department of Game Protection show that nine casinos won $ 212.4 million in February from personal players. This is about 3% less than their winnings in February 2020.
The amount of money won from players who actually go to Atlantic City Casinos is a meticulous figure these days, as the industry is in its third year of a pandemic, particularly when occupancy restrictions are lifted and mask mandates are over.
“Popular holiday weekends such as President’s Day and Valentine’s Day, as well as fading public concerns about health threats to COVID-19, could have prompted gamblers,” said Jane Bakunevich, director of Lloyd Levenson. An institute at Stockton University that studies the Atlantic City casino industry. “Further easing of pandemic precautions gives us hope that in the spring of 2022, operators will return to the operational environment before the pandemic.”
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Taking into account online gambling and sports betting, the total for the casino and the three horse tracks that accept sports bets rose to $ 373.2 million, up 29.5% from last year.
All nine casinos reported revenue growth compared to a year ago. Borgata had the highest total revenue, including internet and sports betting, at $ 94.3 million, up 39.5% from February 2019.
Next was Hard Rock with $ 44.7 million, an increase of more than 53%; Ocean Casino Resort won $ 30.8 million, an increase of more than 41%; Tropicana won $ 26.1 million, an increase of 18.5%; Harrah’s won $ 19.5 million, up more than 30%; Caesar won $ 19.1 million, up 41%; Resorts won $ 13.3 million, up 45%; Golden Nugget won $ 12.9 million, an increase of more than 45%; and Bally’s won $ 12.1 million, up more than 69%.
Among organizations operating online alone, Resorts Digital won $ 38.5 million, up more than 40%; Golden Nugget Online Gaming won $ 34.9 million, up 25.5%; and Caesars Interactive NJ won more than $ 10 million, an increase of 17.6%.
Revenue from online gambling was nearly $ 130 million, up 38.6% from a year ago.
In New Jersey, which was the national leader until New York began accepting mobile sports betting in January, revenue from sports betting saw a rare decline. to seize market leadership. Profits from sports betting in February were $ 30.8 million, down 33% from a year earlier when New York was not in the role of online sports betting, which accounts for more than 80% of such bets worldwide country.
New Jersey casinos and tracks made more than $ 985 million in sports bets in February, more than the nearly $ 743 million they made in February 2021. But after paying out winning tickets and other expenses, they kept less of those bets.
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