The gambling industry in Atlantic City achieved record results in 2024
Despite these impressive figures, casino operators are expressing concerns. The reason lies in the fact that the revenue growth has been driven by the iGaming sector and sports betting, where casino owners share their earnings with external partners, thereby reducing their net profits.
The popularity of the iGaming sector has played a crucial role in boosting revenues. Online casino revenue surged by more than 24%, reaching nearly $2.4 billion. Jane Bokuniewicz, head of the Lloyd D. Levenson Institute of Gaming, Hospitality and Tourism, noted, "New Jersey's swift transition to new products has proven successful. Land-based casino revenues have remained stable, indicating that the iGaming sector complements rather than displaces the traditional market."
Sports betting also contributed to the overall revenue, with more than $12.7 billion wagered in Atlantic City in 2024. From this amount, operators generated $1.1 billion in profit.
Borgata emerged as the leader in Atlantic City, reporting total revenue of $1.36 billion, a 5.1% increase from the previous year. Golden Nugget followed in second place, with revenue growth of 24.5%, reaching $836.2 million.
Opinions among players regarding the shift to the iGaming sector are divided. Some, like Don Casale from Staten Island, prefer the atmosphere of land-based casinos with their lively environment and social interaction. Others, such as Kevin Canning from Massachusetts, appreciate the convenience of online platforms, though they miss the thrill of playing in person.
In related news, Resorts Casino Hotel in Atlantic City has won 23 awards in the Casino Player Magazine rankings.
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