She said it remains to be seen how the surge in online and sports betting affect the casinos’ overall profitability.

“There will never be a replacement for the in-person gaming experience, and the current relatively flat revenues from brick-and-mortar gaming may be simply evidence of a stable market.” “Rather than diminishing the brick-and-mortar gaming revenues, internet gaming and sports betting seem to be well-received consumer products that are filling a niche for certain gamblers,” she said. Jane Bokunewicz, director of the Lloyd Levenson Institute at Stockton University, which studies the Atlantic City gambling industry, noted that internet and sports betting accounted for about 45% of Atlantic City’s revenue in November.īut she views it as complementary to in-person casinos instead of competing with them.

Taken together, these numbers provide fresh evidence that technology and a wider menu of wagering options are remaking the way some people gamble in New Jersey, where in-person gambling at a physical casino had long been the main way to bet. More than $171.5 million was won from online table games and slots by casinos and their technology partners, according to the New Jersey Division of Gaming Enforcement.Īt the same time, the casinos and three horse tracks that accept sports bets took in $1.62 billion worth of bets in November - another record. (AP) - Internet gambling and sports betting set new records in New Jersey in November as the Atlantic City gambling market continues to evolve and become less dependent on physical casinos, according to figures released Friday. Business & Finance Click to expand menu.ĪTLANTIC CITY, N.J.

Golden nugget online sports betting nj