Plain old bad luck? New Jersey sports betting revenue down 24% at casinos, and 9.5% overall in June

Plain old bad luck? New Jersey sports betting revenue down 24% at casinos, and 9.5% overall in June

1/5 ｜ Ocean Casino Resort Sports Book Employees (February 6, 2023, at Atlantic City, New Jersey) The Sports Betting Income in the Nine Casino at the Atlantic City was June 2024. It fell by about 24 % ratio. Including the racetrack, the rate of decrease in sports betting income throughout the state was 9. 5 % (AP Photo/Wayne Parry).

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2/5 ｜ On September 6, 2022, at the ocean casino resort of Atlantic City, New Jersey, the income is determined when sports betting is confirmed. Sportsbetting revenues in June 2024 at nine casinos in Atlantic City fell by nearly 24 % compared to the previous year. Including the racetrack, the rate of decrease in sports betting income throughout the state was 9. 5 % (AP Photo/Wayne Parry).

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3/5 | On September 6, 2022, a customer was revised at an ocean casino resort in Atlantic City, New Jersey. In June 2024, the revenue of sports betting in 9 Atlantic City's nine casinos fell by nearly 24 % compared to the previous year. Including the racetrack, the rate of decrease in sports betting income throughout the state was 9. 5 % (AP Photo/Wayne Parry).

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4 OF 5 ｜ Profit revision, September 6, 2022, a sportsbook employee waiting for customers at the ocean casino resort of Atlantic City, New Jersey. Atlantic City's nine casinos have reduced the profit of sports betting by nearly 24 % in June 2024. Including the racetrack, the rate of decrease in sports betting income throughout the state was 9. 5 % (AP Photo/Wayne Parry).

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5/5 | On September 6, 2022, we fixed the income of sports betting at an ocean casino resort in Inatonic City, New Jersey. Atlantic City's nine casinos sports betting income decreased by nearly 24 % in June 2024 compared to the previous year. Including racetracks, sports betting income for the entire state decreased by 9. 5 % (AP Photo/Wayne Parry).

read more Unfortunately bad luck? Sportsbetting income in June, New Jersey, down 24 % at casinos, 9. 5 % in total

1/5 ｜ Ocean Casino Resort Sports Book Employees (February 6, 2023, at Atlantic City, New Jersey) The Sports Betting Income in the Nine Casino at the Atlantic City was June 2024. It fell by about 24 % ratio. Including the racetrack, the rate of decrease in sports betting income throughout the state was 9. 5 % (AP Photo/Wayne Parry).

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On February 6, 2023, an ocean casino resort sportsbook employee counts money in Atlantic City, New York. Atlantic City's nine casinos fell by about 24 % in June 2024 compared to the previous year. Including racetracks, sports betting income for the entire state decreased by 9. 5 %. AP Photo/Wayne Parry

share share copy Link copy read more 2/5 | Sports bed

Returns On September 6, 2022, a sports bed at an ocean casino resort in Atlantic City, New York. Atlantic City's nine casinos have reduced the profit of sports betting by nearly 24 % in June 2024. Including the racetrack, the rate of decrease in sports betting income throughout the state was 9. 5 % (AP Photo/Wayne Parry).

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Returns On September 6, 2022, a sports bed at an ocean casino resort in Atlantic City, New York. Atlantic City's nine casinos have reduced the profit of sports betting by nearly 24 % in June 2024. Including the racetrack, the rate of decrease in sports betting income throughout the state was 9. 5 % (AP Photo/Wayne Parry).

share share copy Link copy read more 3/5 | Tax

Returns On September 6, 2022, a sports bed at an ocean casino resort in Atlantic City, New York. Atlantic City's nine casinos have reduced the profit of sports betting by nearly 24 % in June 2024. Including the racetrack, the rate of decrease in sports betting income throughout the state was 9. 5 % (AP Photo/Wayne Parry).

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Returns On September 6, 2022, a sports bed at an ocean casino resort in Atlantic City, New York. Atlantic City's nine casinos have reduced the profit of sports betting by nearly 24 % in June 2024. Including the racetrack, the rate of decrease in sports betting income throughout the state was 9. 5 % (AP Photo/Wayne Parry).

share share copy Link copy read more 4/5 ｜ Sports Book

On September 6, 2022, a sportsbook clerk waiting for customers at the ocean casino resort of Atlantic City, New Jersey. Atlantic City's nine casinos have reduced the profit of sports betting by nearly 24 % in June 2024. Including racetracks, sports betting income for the entire state decreased by 9. 5 %. AP Photo/Wayne Parry

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On September 6, 2022, a sportsbook clerk waiting for customers at the ocean casino resort of Atlantic City, New Jersey. Atlantic City's nine casinos have reduced the profit of sports betting by nearly 24 % in June 2024. Including racetracks, sports betting income for the entire state decreased by 9. 5 %. AP Photo/Wayne Parry

share share copy Link copy read more 5/5 ｜ Sports Betting

On September 6, 2022, it will correct the income of sports betting customers at the ocean casino resort of Inatonic City, New Jersey. Atlantic City's nine casinos sports betting income decreased by nearly 24 % in June 2024 compared to the previous year. Including racetracks, sports betting income for the entire state decreased by 9. 5 % (AP Photo/Wayne Parry).

read more 5 out of 5

On September 6, 2022, it will correct the income of sports betting customers at the ocean casino resort of Inatonic City, New Jersey. Atlantic City's nine casinos sports betting income decreased by nearly 24 % in June 2024 compared to the previous year. Including racetracks, sports betting income for the entire state decreased by 9. 5 % (AP Photo/Wayne Parry).

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Atlantic City, New Jersey (AP) -Graming regulation authorities announced on Tuesdays, in New Jersey Casino, sports betting fell by about 24 % in June, and the earnings of sports betting in the whole state 9, 5. The % decrease.

According to the New Jersey Gaming Enforcement Division, sports betting income in June, with nine casinos, was reduced by 23, 9 % yea r-o n-year.

Including three racetracks for sports gambling, the state's total income was 9, 5 %.

The total gaming income in the state, including the money earned from the Internet gambling and the personal gambler, was $ 491 million, an increase of 7, 4 %.

New Jersey has been determined by the Federal Supreme Court, which opens a way to all states that want to provide legal sports betting as a result of a court struggle against the federal government that banned sports betting in larg e-scale states. It is a state.

Since then, New Jersey has been one of the best in the United States in sports betting profits.

However, according to the New Jersey Gaming Executive Division, Sportsbetting in June deducted bets and other expenses, resulting in a $ 27. 1 million profit to casinos. Including horse racing, total income was $ 60 million.

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"It is a bit surprising for the recent performance of this sector that the profits of sports betting have decreased by nearly 24 % for Atlantic City's casino operating companies," said Stokton, which researches the Game Market of Atlantic City. According to Jane Boknevich, director of the Lloyd Rebenson Research Institute at the university.

However, not all casinos and racetracks were decreasing, and the total betting this month was slightly higher than the average of June.

"The decrease in sports betting income this June is probably due to the odds, public bets, and live events set by the panant.

Resorts Casino and the Casino Association of New Jersey Casino Association, Chairman of the Casino Association, is one of the industry officials who said that most of the sports betting income was "unlucky."

The Sports Betting revenue of RESORTS DIGITAL, the online category of the sportsbook DRAFTKINGS, which is affiliated with the casino, was $ 14. 3 million, down 43. 3 %. Physical resort casino sports betting income decreased by 34 % to over $ 99. 000.

Ocean Casino stersed from $ $ $ 182 to $ 18. 725 in June last year.

The Montmas Park Racecourse near the ocean port jersey shore was $ 904. 000 in sports betting.

In other casinos, sports betting income in June exceeded expectations. The increase of $ 440 % or more, $ $ $ $ $ $ $ 2. The hard rock has doubled the sports betting income in June, about $ 4. 6 million.

With the total gambling income, Borgata increased by 5. 7 % to $ 110 million. Golden nuggets rose almost 20 % at $ 64. 2 million. Hard rock increased 24. 4 % at $ 63. 7 million. Ocean decreased by 0. 4 % to $ 39. 6 million. Tropicana increased by 30. 7 % to $ 38. 5 million. Bally's up 27 % to $ 24. 6 million. Caesers decreased by 11 % to $ 19. 2 million. Harraz decreased by 8, 8 % to $ 19. 1 million, and resorts decreased by 2, 3 % to $ 15 million.

However, these items include Internet money and sports betting, and most of them must share with stakeholders such as sportsbooks and technology platforms, not only by casinos.

Therefore, the casino considers the funds obtained from individual gamblers as core businesses. From June 2019, before the Coronovirus pandemic, there were only two casinos that had more income from personal players in June, Ocean and Hard Rock. This is still a continuous concern for Atlantic City casinos and their parents.

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The article was modified to show that the casino was nearly 24 % in the casino, but only 9, 5 %, including the racetrack.

Parry is a reporter / photographer of AP communication in New Jersey. He covers Atlantic City, national sports betting, casino shoirs, environment, classic rock and heavy metal; but these items include Internet money and sports betting items, many of them are. It must be shared with places such as sportsbooks and technology platforms, not only casinos.