{"id":114811,"date":"2019-09-13T08:30:13","date_gmt":"2019-09-13T15:30:13","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=114811"},"modified":"2019-09-13T12:51:09","modified_gmt":"2019-09-13T19:51:09","slug":"new-jersey-casinos-enjoyed-august-thanks-to-help-from-sports-betting","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/new-jersey-casinos-enjoyed-august-thanks-to-help-from-sports-betting\/","title":{"rendered":"New Jersey August Gaming Revenue Jumps 16 Percent, Boosted by Sports Betting, Borgata, Hard Rock Among Atlantic City Leaders"},"content":{"rendered":"

Casino win at the nine Atlantic City, N.J. casinos rose in August, while revenue from internet gaming and sports betting surged, helping total gaming revenue in the Garden State swell to $352.8 million last month from $303.9 million in the year earlier period.<\/p>\n

\"\"
Borgata notched another impressive month in August, as New Jersey gaming revenue soared. (Image: NBC Philadelphia).<\/figcaption><\/figure>\n

Boardwalk gaming properties posted slot machine win of $208.26 million in the eighth month of the year, up from $196.38 in the year-ago time frame. Table game win increased to $78.21 million from $73.55 million, according to the New Jersey Division of Gaming Enforcement (DGE).<\/p>\n

Casino Win for August was $286.5 million, increasing 6.1% from the same month last year,\u201d said the DGE in a statement. \u201cInternet Gaming Win was $41.1 million in August, compared to $24.8 million in the prior period, reflecting an increase of 65.7%. Sports Wagering Gross Revenue was $25.2 million for the month, compared to $9.2 million for the same month last year.\u201d<\/p><\/blockquote>\n

Borgata, operated by MGM Resorts, retained its perch as the dominant casino<\/a> in the beachside gaming hub. That venue posted August revenue of nearly $80 million, up 4.7 percent from August 2018. That after Borgata won $88 million in July, the best month in its 16-year history.<\/p>\n

For the June through August period, Borgata generated $219 million in land-based turnover<\/strong>, which President Marcus Glover called \u201crecord-breaking success\u201d in an interview with NJ.com<\/i><\/p>\n

Hard Rock held the second spot with $41 million in gaming turnover, a year-over-year increase of 31 percent.<\/p>\n

Sports Betting Boost<\/h2>\n

The Garden State continues solidifying its position as one of the sports betting meccas<\/a> of the East Coast, and remains on pace to challenge or surpass Nevada in terms of annual sports handle. Last month, New Jersey sports betting revenue more than doubled to $25.21 million, up from $9.19 million a year ago. Total August handle there was $293 million.<\/p>\n

Increasing sports betting is a money-maker not only for the operators, but for Trenton, too.<\/p>\n

\u201cFor the month of August 2019, total gaming taxes were $29.4 million,\u201d said the DGE. \u201cTotal gaming taxes reflect 8% of taxable casino gross revenue, 15% of internet gaming gross revenue, 8.5% tax on casino and racetrack sports wagering gross revenue, and 13% tax on casino and racetrack sports wagering internet gross revenue.\u201d<\/p>\n

\n

Additionally, New Jersey’s gaming industry paid $4.8 million in August for a 1.25 percent added tax on sports wagering revenue and \u201cinvestment alternative tax obligations.\u201d That includes 1.25 percent on gross land-based casino revenue and a 2.5 percent levy on internet betting.<\/p>\n<\/div>\n

Just over a year old, Ocean’s Resort was the top-performing Boardwalk sportsbook, with $1.2 million in August turnover<\/strong>.<\/p>\n

One Disappointment<\/h2>\n

Usually among the higher-grossing Atlantic City casinos, the Tropicana, operated by Eldorado Resorts, saw its revenue increase less than one percent to $36 million. Even the much-maligned Bally’s<\/a>, which will enter the Eldorado fold via that company’s $17.3 billion acquisition of Caesars Entertainment, saw its August revenue rise more than two percent.<\/p>\n

There was a lone offender in Atlantic City last month. Harrah’s, another Caesars property, saw a modest decrease in monthly gaming revenue of less than one percent, down to $31.2 million. Caesars and Eldorado combine to operate four of the nine Boardwalk casinos.<\/p>\n","protected":false},"excerpt":{"rendered":"

Casino win at the nine Atlantic City, N.J. casinos rose in August, while revenue from internet gaming and sports betting surged, helping total gaming revenue in the Garden State swell to $352.8 million last month from $303.9 million in the year earlier period. Boardwalk gaming properties posted slot machine win of $208.26 million in the […]<\/p>\n","protected":false},"author":46,"featured_media":114813,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,33810],"tags":[],"acf":[],"yoast_head":"\nNew Jersey Casinos Enjoyed August Thanks to Help From Sports Betting<\/title>\n<meta name=\"description\" content=\"New Jersey casinos, led by Borgata and Hard Rock, saw revenue mostly rise last month. Sports betting was a driving force.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/new-jersey-casinos-enjoyed-august-thanks-to-help-from-sports-betting\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Jersey Casinos Enjoyed August Thanks to Help From Sports Betting\" \/>\n<meta property=\"og:description\" content=\"New Jersey casinos, led by Borgata and Hard Rock, saw revenue mostly rise last month. Sports betting was a driving force.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/new-jersey-casinos-enjoyed-august-thanks-to-help-from-sports-betting\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-13T15:30:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-09-13T19:51:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/09\/borgata-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"802\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/new-jersey-casinos-enjoyed-august-thanks-to-help-from-sports-betting\/\",\"url\":\"https:\/\/www.casino.org\/news\/new-jersey-casinos-enjoyed-august-thanks-to-help-from-sports-betting\/\",\"name\":\"New Jersey Casinos Enjoyed August Thanks to Help From Sports Betting\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/new-jersey-casinos-enjoyed-august-thanks-to-help-from-sports-betting\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/new-jersey-casinos-enjoyed-august-thanks-to-help-from-sports-betting\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/09\/borgata-1.jpg\",\"datePublished\":\"2019-09-13T15:30:13+00:00\",\"dateModified\":\"2019-09-13T19:51:09+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"New Jersey casinos, led by Borgata and Hard Rock, saw revenue mostly rise last month. Sports betting was a driving force.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/new-jersey-casinos-enjoyed-august-thanks-to-help-from-sports-betting\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/new-jersey-casinos-enjoyed-august-thanks-to-help-from-sports-betting\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/new-jersey-casinos-enjoyed-august-thanks-to-help-from-sports-betting\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/09\/borgata-1.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/09\/borgata-1.jpg\",\"width\":1200,\"height\":802,\"caption\":\"Borgata notched another impressive month in August as New Jersey gaming revenue soared. (Image: NBC Philadelphia).\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/new-jersey-casinos-enjoyed-august-thanks-to-help-from-sports-betting\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Commercial Gaming\",\"item\":\"https:\/\/www.casino.org\/news\/commercial-gaming\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"New Jersey August Gaming Revenue Jumps 16 Percent, Boosted by Sports Betting, Borgata, Hard Rock Among Atlantic City Leaders\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\",\"name\":\"Todd Shriber\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"caption\":\"Todd Shriber\"},\"description\":\"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/todd-shriber\",\"https:\/\/www.linkedin.com\/in\/toddshriber\/\",\"https:\/\/x.com\/etfgodfather\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/todd-shriber\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"New Jersey Casinos Enjoyed August Thanks to Help From Sports Betting","description":"New Jersey casinos, led by Borgata and Hard Rock, saw revenue mostly rise last month. Sports betting was a driving force.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.casino.org\/news\/new-jersey-casinos-enjoyed-august-thanks-to-help-from-sports-betting\/","og_locale":"en_US","og_type":"article","og_title":"New Jersey Casinos Enjoyed August Thanks to Help From Sports Betting","og_description":"New Jersey casinos, led by Borgata and Hard Rock, saw revenue mostly rise last month. Sports betting was a driving force.","og_url":"https:\/\/www.casino.org\/news\/new-jersey-casinos-enjoyed-august-thanks-to-help-from-sports-betting\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2019-09-13T15:30:13+00:00","article_modified_time":"2019-09-13T19:51:09+00:00","og_image":[{"width":1200,"height":802,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/09\/borgata-1.jpg","type":"image\/jpeg"}],"author":"Todd Shriber","twitter_card":"summary_large_image","twitter_creator":"@etfgodfather","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Todd Shriber","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/new-jersey-casinos-enjoyed-august-thanks-to-help-from-sports-betting\/","url":"https:\/\/www.casino.org\/news\/new-jersey-casinos-enjoyed-august-thanks-to-help-from-sports-betting\/","name":"New Jersey Casinos Enjoyed August Thanks to Help From Sports Betting","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/new-jersey-casinos-enjoyed-august-thanks-to-help-from-sports-betting\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/new-jersey-casinos-enjoyed-august-thanks-to-help-from-sports-betting\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/09\/borgata-1.jpg","datePublished":"2019-09-13T15:30:13+00:00","dateModified":"2019-09-13T19:51:09+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85"},"description":"New Jersey casinos, led by Borgata and Hard Rock, saw revenue mostly rise last month. Sports betting was a driving force.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/new-jersey-casinos-enjoyed-august-thanks-to-help-from-sports-betting\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/new-jersey-casinos-enjoyed-august-thanks-to-help-from-sports-betting\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/new-jersey-casinos-enjoyed-august-thanks-to-help-from-sports-betting\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/09\/borgata-1.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/09\/borgata-1.jpg","width":1200,"height":802,"caption":"Borgata notched another impressive month in August as New Jersey gaming revenue soared. (Image: NBC Philadelphia)."},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/new-jersey-casinos-enjoyed-august-thanks-to-help-from-sports-betting\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Commercial Gaming","item":"https:\/\/www.casino.org\/news\/commercial-gaming\/"},{"@type":"ListItem","position":3,"name":"New Jersey August Gaming Revenue Jumps 16 Percent, Boosted by Sports Betting, Borgata, Hard Rock Among Atlantic City Leaders"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85","name":"Todd Shriber","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","caption":"Todd Shriber"},"description":"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.","sameAs":["https:\/\/muckrack.com\/todd-shriber","https:\/\/www.linkedin.com\/in\/toddshriber\/","https:\/\/x.com\/etfgodfather"],"url":"https:\/\/www.casino.org\/news\/author\/todd-shriber\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/114811"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/46"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=114811"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/114811\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/114813"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=114811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=114811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=114811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}