when did gambling start in atlantic city

In terms of in-person casino revenue, the Borgata won $58.3 million, up 20.6% from January 2022. It approached January monthly revenues not seen since 2012 ($245.9 million) and 2011 ($255.4 million), when there were more Atlantic City casinos in operation, and no sports wagering or online gambling, Bokunewicz said. In-person gambling revenue, which the casinos consider their core business and most important economic indicator, surpassed the level of January 2020 just before the virus began spreading widely ($192.1 million). “Even considering only brick-and-mortar (revenue), Atlantic City’s casino operators have reason to be hopeful,” she said. January is usually the weakest month for the city's casinos, and this year's relatively strong performance could augur well for a good full year in 2023, said Jane Bokunewicz, faculty director of the Lloyd Levenson Institute at Stockton University, which studies the Atlantic City gambling market. Sign up for NBC Philadelphia newsletters.Ĭasino executives say revenue figures from internet gambling and sports betting - most of which is done online - are misleading in that the revenue generated from those forms of gambling is not solely for the casinos to keep they must share as much as 70% of it with third parties, including sports books and tech platforms. Get Philly local news, weather forecasts, sports and entertainment stories to your inbox. When revenue from internet gambling and sports betting is included, the casinos, horse tracks that take sports bets, and the online partners of both those types of businesses won $436.8 million, up 14.5% from a year ago. It won over $58 million from in-person gamblers, and nearly $106 million when internet gambling and sports betting money are included.Ītlantic City's casinos won $211.6 million from in-person gamblers in January, up 15.3% from a year ago.īut only three of the nine casinos won more that way last month than they did in January 2019, before the coronavirus pandemic erupted. When revenue from internet gambling and sports betting is included, the casinos, horse tracks that take sports bets, and their online partners won nearly $437 million.

But only three of the nine casinos won more last month than they did in January 2019, before the coronavirus pandemic erupted.

Atlantic City’s casinos won more than $211 million from in-person gamblers in January, up more than 15% from a year ago.

When did gambling start in atlantic city