Casino Profits in the Sports Betting Era
Casinos in Atlantic City Show Profitability, Yet Majority Earned Less Revenue in Compared to 2023
By: Grant Mitchell (04/09/2025, 12:26pm) Financial News (Photo by Flickr, CC by-NC 2.0)
Key Findings
- Caesars and Hard Rock casinos are the only ones to see a year-over-year profit increase
- A collective 9.2% decline in profits for the remaining nine casinos
- A New Jersey casino official predicts a rebound for 2025
If you're a sports fan or sports bettor like me, Grant Mitchell, you know that the gambling industry is constantly evolving. Now, let's dive into the latest fluctuations in casino profits with a focus on year-over-year changes.
The chips are down - or are they?
Out of the ten casinos under the spotlight, only two—Caesars and Hard Rock—managed to boost their bottom line compared to last year. However, it's not all grim and bearish as nine casino profits took a hit, collectively dropping by 9.2%.
With the sports betting market on the rise, some industry experts believe that a comeback is on the horizon for 2025. A casino official from New Jersey shares this optimistic view, expressing confidence in the industry's resilience.
The future of casino profits in the sports betting era
While the specifics of casino profits haven't been thoroughly detailed, it's worth noting that the overall growth in the sports betting market suggests positive implications for related industries like casinos. As more states legalize sports betting and consumers diversify their gambling preferences, casinos could stand to gain if they innovatively integrate sports betting into their offerings.
To stay ahead of the game, casinos need to stay abreast of the industry's trends, adopt AI tools for responsible gambling, and cater to today's mobile-first, instant-gratification-seeking gambling enthusiasts. Sports betting fans like me are excited to see how this dynamic industry unfolds over the next few years!
If you're hungry for more on the sports betting scene, be sure to check out my articles on the latest industry news and updates. And when I'm not working, you'll find me exercising, exploring the city, or catching the day's biggest game.
--Grant's objective, up-to-the-moment, and insightful coverage aims to provide everything you need to know about the sports betting industry. Connect with Grant at Grant Mitchell.
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Course of Sports Betting Industry
As the sports betting market expands, the U.S. sports betting revenue surged by 24.8%, reaching $13.78 billion in 2024. 1 This growth is due to the legalization of sports betting in several more states, such as North Carolina and Vermont, increasing market size and opportunities.
Live and micro-betting, driven by a mobile-first experience and instant gratification, are gaining popularity among users placing multiple wagers per match. 2 Technological advancements like 5G technology and AI tools are also improving user experience and offer more accurate odds.
Navigating Responsible Gambling
With the rise of faster betting cycles comes the growing focus on responsible gambling measures, such as AI tools that detect risky behaviors and promote safe gambling practices. 3 This attention to player wellbeing should inspire hope that the sports betting industry strives to provide enjoyable and safe experiences for its users.
- Despite a collective 9.2% decline in profits for nine casinos, exceptions like Caesars and Hard Rock showcasing year-over-year profit increases hint at potential growth in the online casino-and-gambling industry.
- The sports betting market's expansion might bring positive implications for related industries, including casinos, as more states legalize sports betting and consumers diversify their gambling preferences.
- To capitalize on this growth and maintain competitiveness, casinos must embrace industry trends, adopt AI tools for responsible gambling, and cater to the preferences of mobile-first, instant-gratification-seeking gambling enthusiasts.
