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 state’s 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.
“Locally, the addition of two new casino resorts to the established seven has disrupted market share,” Jane Bokunewicz, Director for the Lloyd Levenson Institute at Stockton University, said. “The local market pie has grown but the way that pie is cut has changed, shifting in favor of the newest entrants to the market.”
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 property’s 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 Harrah’s 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.
Revo Casino and Social House in Conway, New Hampshire, has held its grand opening on Tuesday.
The Conway property is the latest addition to Revo’s growing presence in New Hampshire, joining locations in Dover, Lebanon, Manchester, and Keene.
Revo Casino and Social House’s new amenities include:
• Rebels: A bold dining experience with a full bar and great game-day energy. Revo’s signature restaurant serves up flavorful dishes like the Rebel Smash Burger, flatbread pizzas, and prime rib, making it the perfect spot to eat, drink and enjoy the action.
• Rebel Stage: Featuring live music every weekend.
• Revo Studio powered by iHeartMedia: An in-house broadcast center featuring live iHeart broadcasts. The studio also drives the Soundtrack of the Revolution, a curated music selection that sets the energy and vibe of the property.
Gaming Highlights: 75 thrilling casino machines, including Ultimate Fire Link Explosion, Huff N Even More Puff, and Devil’s Lock. Table games, including blackjack, roulette, and poker tables.
Speakers and guests at the event included Revo President Aaron Gomes, Executive Director of Mount Washington Valley Promotions Lisa DuFault, and the Mount Washington Valley Chamber of Commerce.
“It’s exciting to open Revo Casino and Social House and see the community’s enthusiasm for our gaming, entertainment and dining options. Beyond entertainment, Revo Casino and Social House will also support nonprofits across the Mount Washington Valley. We’re proud to be part of this community and contribute to its success,” said Gomes.
“This facility will make such an incredible difference for so many nonprofits in the Mount Washington Valley. The support that Revo Casino and Social House provides allows organizations like ours to better serve our communities and care for those in need. The impact is truly life changing,” said Lisa DuFault, Executive Director of Mount Washington Valley Promotions.
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.
Spinomenal’s specially selected titles will be going live via Pariplay’s 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 Kitsune’s Scrolls.
This marks a major milestone in Spinomenal’s strategic expansion plan, as this debut establishes the company’s initial presence within the New Jersey market, with further growth anticipated across the US iGaming ecosystem. This move underscores Spinomenal’s 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: “After 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.”
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