Atlantic City casino revenues up thanks to sport betting

Sports betting revenues were up by 54.3 per cent year-on-year.
Sports betting revenues were up by 54.3 per cent year-on-year.

Atlantic City casinos brought in US$295.7m in January, an increase of 9.3 per cent year-on-year.

US.- Online gambling and sports betting enable Atlantic City casinos to record an increase in revenues in January. Total revenues reached US$295.7m, up 9.3 per cent compared to January 2020.

With online gaming and sports betting taken out of the equation, the remaining revenues were down 16.7 per cent year-on-year.

Sports betting revenues were up by 54.3 per cent year-on-year to US$82.6m as wagers jumped 77.5 per cent to US$958.7m. However, the handle represented a fall the more than US$996m in bets placed in December.

The New Jersey Division of Gaming Enforcement (DGE) reported that the state’s licensed online casino and poker operators generated combined revenue of just under US$103.8m in January.

Online poker contributed US$2.75m, up by nearly one-half from January 2020.

Jim Plousis, chair of the New Jersey Casino Control Commission, said land-based casino revenue was down because of the Covid-19 restrictions.

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LAND-BASED CASINO sports betting