Atlantic City Sees Surge in Online Gambling Revenue Amid Decline in In-Person Betting
Online casinos and sports betting drive a 12% revenue increase in February, contrasting with a slight drop in traditional casino earnings.
- Online gambling and sports betting revenues in Atlantic City hit $182 million in February, marking a significant increase.
- In-person gambling revenue at Atlantic City's casinos fell by 1.6% from the previous year, continuing a downward trend.
- The total revenue from all forms of gambling in Atlantic City exceeded $461 million in February, a 12% increase from 2023.
- Only three of Atlantic City's nine casinos reported higher in-person earnings in February 2024 compared to February 2019, before the pandemic.
- The Borgata, Golden Nugget, and Hard Rock casinos saw notable increases in their overall gambling revenues, thanks to online betting.