Gambling in the USA
New Jersey Chalks Up Impressive Swell in February Sports Betting Winnings
The numerous casinos and horseracing tracks in the American state of New Jersey saw their aggregated February winnings from sports betting rise by 10.4% year-on-year to just over $412 million.
The information released by the New Jersey Division of Gaming Enforcement included land-based and online sports betting revenues with winnings from this former activity having increased by 1.2% year-on-year to almost $215 million. However, the same figures showed that only three of the eastern stateâs nine casinos encompassing the Borgata Hotel Casino & Spa, the Hard Rock Hotel & Casino Atlantic City and the Ocean Casino Resort won more from in-person sports wagers than they had for the corresponding period in 2019.
The New Jersey regulator explained that local winnings from online sports betting in February had risen by nearly 10% year-on-year to reach $142.5 million largely thanks to interest in Super Bowl LVII. The monthly handle tied to this annual gridiron championship extravaganza totaled $847.4 million with $54.6 million having been left following the payment of winning wagers and other expenses.
âLocally, the addition of two new casino resorts to the established seven has disrupted market share,â Jane Bokunewicz, Director for the Lloyd Levenson Institute at Stockton University, said. âThe local market pie has grown but the way that pie is cut has changed, shifting in favor of the newest entrants to the market.â
Breaking the figures down further and the Borgata Hotel Casino & Spa recorded in-person February sports betting revenues of $12.2 million, which equated to a swell of 14.3% year-on-year. This saw the 2,767-room Atlantic City propertyâs overall win for the 28-day period improve by 8.8% to $57.4 million with its online operation having chalked up a 7.4% rise to take the overall monthly tally to $101.2 million.
For the nearby Hard Rock Hotel & Casino Atlantic City facility and in-person February sports betting revenues grew by less than 1% year-on-year to some $37.5 million with its related combined online and land-based win having dropped by an analogous percentage to approximately $44.4 million. The situation was worse for the 1,400-room Ocean Casino Resort as on-site sports wagering receipts fell by 11.5% to $26.2 million with the merged tally sitting 2.2% down at something like $30.1 million.
Elsewhere and in-person February sports betting revenues for the Caesars Atlantic City facility improved by 1.4% year-on-year to just over $19 million with this tally having improved by less than 1% to hit $19.2 million when Internet and sports wagering monies were included. The Golden Nugget Atlantic City venue similarly won $11.1 million from on-site sports wagering, which equated to an almost 14% decrease, with its co-mingled tally having remained virtually static at $47.8 million.
In-person February sportsbetting revenues for the Harrahâs Atlantic City property improved by 8.1% year-on-year to $21.3 million while the 942-room Resorts Casino Hotel and the 2,300-room Tropicana Casino & Resort Atlantic City experienced slight declines as their finishing on-site tallies came in at $12.6 million and $17.2 million respectively.
Among Internet-only entities and Resorts Digital saw its February online sports betting win reach $48.2 million, which represented a swell of more than 25% year-on-year, while the tally for Caesars Interactive NJ disappointingly decreased by 17.5% to $8.3 million.
Gambling in the USA
Gila River Resorts & Casinos hosts $5.9 million Big Game prop play contest
Gambling in the USA
Spinomenal makes US debut with New Jersey market entry
Spinomenal, the leading iGaming content provider, has made its US debut after launching an exciting collaboration with a leading operator in the state of New Jersey, and is anticipating many more valuable collaborations with top tier online casinos.
Following impressive growth rates, Spinomenal is making a major move into the New Jersey iGaming market, marking a key step in its global expansion. By entering this crucial U.S. region, Spinomenal will bring its innovative games to a new audience, strengthening its presence and leadership in the iGaming industry.
Spinomenalâs specially selected titles will be going live via Pariplayâs Fusion aggregation platform in the New Jersey market. Some of the outstanding titles being made available for NJ players are Demi Gods II, Majestic Wild Buffalo and Kitsuneâs Scrolls.
This marks a major milestone in Spinomenalâs strategic expansion plan, as this debut establishes the companyâs initial presence within the New Jersey market, with further growth anticipated across the US iGaming ecosystem. This move underscores Spinomenalâs commitment to expanding its global footprint and further solidifying its position as a leader in the online casino industry.
Lior Shvartz, CEO for Spinomenal commented:Â âAfter a decade of establishing and positioning Spinomenal as a leading provider in the iGaming industry, we have now taken a big leap and will provide our exciting content to the esteemed New Jersey audience. We are highly optimistic about entering this prominent market, following the process of obtaining approval from the DGE.â
Gambling in the USA
Mechoopda Casino to Suspend Operations Effective January 31, 2025
The Mechoopda Indian Tribe has announced that the Mechoopda Economic Gaming Authority (MEGA) Board has made the decision to suspend operations at Mechoopda Casino. The final day of operations will be Friday, January 31, 2025.
The Mechoopda Casino says this decision comes after months of deliberation and efforts to address the various challenges affecting the casinoâs operations.
Dennis Ramirez, Tribal Chairman of the Mechoopda Indian Tribe, said: âSuspending operations at the Casino is a heart-wrenching decision that affects not only our Tribe but also our valued employees, customers, and the surrounding community. While this chapter is closing, our commitment to the Casino’s long-term vision remains steadfast. For over 25 years, this project has been a cornerstone of our economic development goals, and we will continue to work toward its future reopening.â
The Tribe is taking steps to support both its employees and community partners during this transition period:
Employee Support: The Tribe is committed to offering resources and guidance to assist team members through this difficult time.
Remaining Open Until January 31: The Casino will remain open through its final day of operation, giving guests the opportunity to enjoy the remaining days of service.
-
Compliance Updates5 days ago
BMM Testlabs Earns Accreditation in MaranhĂŁo, Brazil To Test Fixed Odds Betting Systems and Lottery Platforms
-
Compliance Updates7 days ago
Digitain Group Products are Certified for Brazil
-
Canada6 days ago
BetConstruct Becomes the First iGaming Company to Offer Both B2B and B2C Licenses in Canada through Affiliate Entity
-
Conferences5 days ago
Meridianbet CEO Showcases GMGI’s $163M FY2024 Revenue, USA & Brazil Entry at ICR 2025 Conference
-
Latest News7 days ago
Salsa Technology’s FORMULA-BET: Take the Pole Position in Brazil’s Regulated Market
-
Latest News5 days ago
GAN Selects Internet Vikingsâ Hosting Solutions in Arkansas
-
Latest News6 days ago
BetMGM Secures Exclusive Online Casino Content Rights to âFamily Feudâ and âThe Price is Rightâ with Fremantle Partnership
-
Latest News5 days ago
LiveRamp and Mohegan Launch Industryâs First Casino Media Network