Casino gambling, sports betting and online wagering in New Jersey brought in over $4.7 billion in 2021, but the casinos’ core business — in-person gambling — did slightly poorer than it did before the pandemic hit.
That’s $1 billion better than they did in 2020, when the initial outbreak of COVID-19 forced casinos to close for 3 1/2 months, and to operate under capacity restrictions even after they reopened.
“Atlantic City’s casino industry, like the region’s gaming hospitality and tourism businesses overall, has proven resilient, but still vulnerable to fluctuations in COVID-19 infection rates and caseloads,” said Jane Bokunewicz, director of the Lloyd Levenson Institute at Stockton University, which studies the Atlantic City gambling industry.
But casino executives point out that money from those sources must be shared with third parties including sports books and technology partners, and is not solely for the casinos to keep. Including all forms of gambling revenue, the Borgata was once again Atlantic City’s top-performing casino, winning $1.1 billion from gamblers in 2021, twice as much as its nearest competitor, Hard Rock, which won $511 million.
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