Gambling revenue in New Jersey increased by more than 30% in January, led by sports betting\u2019s performance and the NFL playoffs.<\/p>\n\n\n\n\n\n\n\n
US.- The New Jersey\u00a0Division of Gaming Enforcement<\/em><\/strong>\u00a0(DGE) released on Wednesday the financial figures from January operations. Last month, gambling revenue increased by more than 30% thanks to sports betting in New Jersey, which grew due to the NFL playoffs before the Super Bowl.<\/p>\n\n\n\n Revenues totalled more than US$300 million in January in New Jersey, up 30.9% from the same period in 2019. Players spent over US$540 million on sports and registered the third-highest monthly total since the state kicked off its operations in June 2018. Revenue from sports betting was US$53.5 million, or a 185% increase year-on-year.<\/p>\n\n\n\n Online gambling continued its positive trend and totalled US$55 million in revenue in January, approximately a 64% increase when compared to the operations that took place during the same period last year.<\/p>\n\n\n\n Total gaming revenue reported by the city\u2019s nine casinos was US$270.5 million in January, around US$50 million more or 22.6% over January 2019.<\/p>\n\n\n\n James Plousis, chairman of the Casino Control Commission (CCC), said: \u201cAtlantic City continued its momentum with strong results in January. Revenue from slots, table games, internet waging, and sports wagering all grew. Internet and sports wagering did particularly well, bolstering the industry\u2019s performance in the middle of the traditional offseason.\u201d<\/p>\n\n\n\n Table games and slot machines revenues rose 8.3%, led by Hard Rock Hotel & Casino Atlantic City and Ocean Casino Resort\u2019s growth. They were ranked third an sixth but their increases over 2019 were outstanding.<\/p>\n\n\n\n \u201cJanuary was our seventh consecutive month of double-digit growth,\u201d said Ocean Casino Resort CEO Terry Gleboki. \u201cWe were exceptionally pleased with our slot revenues, which increased 87% over last January. We will continue to invest in our property and our new high limit slot parlor, new Asian gaming salon and new VIP lounge are on their way.\u201d<\/p>\n\n\n\n Moreover, sports betting in Atlantic City registered a 139.9% rise with US$23.4 million in revenue for casinos and their online and mobile partners.<\/p>\n\n\n\n \u201cGuests who came to wager on sports events took the opportunity to explore Atlantic City\u2019s abundant gaming and non-gaming options,\u201d said Plousis. \u201cCasino executives I\u2019ve spoken with were very pleased that customers stayed longer to enjoy the city\u2019s diverse dining and entertainment offerings. Making investments that lead to positive customer experiences can provide strong competitive advantage for Atlantic City.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":" Gambling revenue in New Jersey increased by more than 30% in January, led by sports betting\u2019s performance and the NFL playoffs.<\/p>\n","protected":false},"author":2,"featured_media":3465,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"New Jersey's gambling revenue surged over 30% in January, reaching US$300 million, primarily driven by a 185% year-on-year increase in sports betting revenue fueled by the NFL playoffs, alongside a 64% rise in online gambling. Atlantic City casinos also reported a 22.6% GGR increase, with integrated sports wagering and iGaming bolstering performance during the traditional offseason and demonstrating the efficacy of strategic property investments.","focusai_entities":"New Jersey Division of Gaming Enforcement (DGE), Casino Control Commission (CCC), Hard Rock Hotel & Casino Atlantic City, Ocean Casino Resort, James Plousis, Terry Gleboki","focusai_location":"New Jersey, US, Atlantic City","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), operator_casino (0.9), marketing_crm (0.7), investor_analyst (0.9), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Future Growth Drivers","query":"What specific regulatory or market-driven initiatives are anticipated to sustain or accelerate New Jersey's iGaming and sports betting GGR growth beyond seasonal events like the NFL playoffs?"},{"label":"Atlantic City Diversification","query":"How are Atlantic City's land-based operators strategically leveraging the integration of sports betting and iGaming to mitigate traditional seasonality and enhance overall resort profitability and customer lifetime value?"}],"footnotes":""},"categories":[16331,162,155],"tags":[233,2319],"class_list":["post-3463","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-elsewhere-news","category-north-america","category-sports-betting-news","tag-sports-betting","tag-us"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3463","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=3463"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3463\/revisions"}],"predecessor-version":[{"id":777009775,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3463\/revisions\/777009775"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/3465"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=3463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=3463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=3463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Atlantic City results<\/strong><\/h4>\n\n\n\n