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April 17, 2024

New Jersey's Internet Gambling Soars, In-Person Casino Wins Struggle to Match Pre-Pandemic Levels

Ethan Moore
Written byEthan MooreWriter
Researched byMatteo BianchiResearcher

In the bustling world of New Jersey gambling, where the digital realm's roulette wheels spin relentlessly and sports bettors eagerly place their wagers, a fascinating trend emerges. March 2023 has become a hallmark month for the state's internet gambling sector, yet the traditional in-person casino winnings paint a mixed picture of recovery and challenge.

New Jersey's Internet Gambling Soars, In-Person Casino Wins Struggle to Match Pre-Pandemic Levels
  • Internet Gambling Hits New Peaks: New Jersey's online casinos shattered previous records, raking in over $197 million from online games in March.
  • Sports Betting Fueled by March Madness: The fervor for the NCAA basketball tournament propelled almost $1.33 billion in sports bets, marking it as the fourth-largest month for sports betting since its legalization in 2018.
  • In-Person Casino Revenue Lags Behind: Despite a collective in-person win of $239 million by Atlantic City's nine casinos, only two managed to outperform their pre-pandemic in-person winnings.
  • Total Gambling Revenue on the Rise: Combining in-person, online gambling, and sports betting revenues, the total win for March 2023 exceeded $526 million, showing an 8.1% increase from the same month last year.
  • Individual Casino Performances Vary: While some casinos saw significant in-person gains, others struggled compared to their pre-COVID achievements, revealing a complex landscape of recovery and adaptation.

The New Jersey Division of Gaming Enforcement's recent figures spotlight the dynamic evolution of gambling in the Garden State, highlighting the burgeoning dominance of digital platforms amidst the ongoing challenges of recapturing the pre-pandemic casino floor buzz. With total gambling revenue for the first quarter of 2023 showing promising signs of strength, the intricate balance between online innovation and traditional gaming's allure continues to shape New Jersey's gambling narrative.

As we delve deeper into the specifics of individual casino performances and the broader implications for Atlantic City's iconic gaming scene, it becomes clear that the road to full recovery is paved with both opportunities and obstacles. Amidst this complex landscape, the resilience and adaptability of New Jersey's gambling industry remain the central themes of an ongoing story of transformation and growth.

Engage with us in the comments below: How do you see the future of gambling in New Jersey and beyond? Will the surge in online gaming continue to overshadow traditional in-person experiences, or is there room for a harmonious coexistence between the two?

About the author
Ethan Moore
Ethan Moore
About

Ethan "BetMaster" Moore, born amidst the pulsating energy of London, combines a sharp analytical mind with the excitement of sports. As the chief writer for BettingRanker, he offers a unique blend of stats, strategies, and stories, making the world of sports betting both accessible and thrilling.

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