Atlanric's Gambling Shift: Online Revenue Outpaces Brick-and-Mortar
Digital Gaming Expansion in Atlantic City Alters Industry Landscape
Ahoy there! The gambling scene in Atlanric (Atlantic City) is facing a sea change. You guessed it, matey! The city's land-based casinos are feeling the heat from online gambling platforms in recent times.
Gaming Treasure Map: Atlanric's Waning In-Person Revenue
Brace yourselves, landlubbers, 'cause Atlanric's in-person casino revenues took a dive in 2024 and earlier in 2025. This slippery slope coincides with a splash of online casino riches, a clear indication that gamblers in New Jersey are adjusting their sails.
Financial Tides: A Look Back
The nine ol' sea dogs (land-based casinos) in Atlanric experienced a 1.1% dip in Gross Revenue Retention (GRR) for 2024 compared to the year prior. Yo ho! January 2025 showed some positive signs with a 3% increase year-over-year, but February 2025 took a diving plunge with a 3.8% decline from the same month in 2024.
Slot machines on land had a particularly tough time, dropping 4.3% year-over-year in February 2025. Overall, Atlanric's casinos saw a gloomy 2.5% decrease in players' winnings from the previous year.
Rise of Online Gaming: Smoother Seas and Fatter Purses
While traditional pirate ships (casinos) are battling hard, online gambling treasure chests are filling up. In February 2025, our ol' website GRR, inclusive of online slots, table games, and poker, hoisted $207.8 million! Not only did it outwit its land-based counterpart by $4.4 million but also jumped 14% compared to the previous year.
Jane Bokunewicz, the captain of Stockton University's Lloyd D. Levenson Institute of Gaming, Hospitality, and Tourism, spotted the opportunity that slower months for in-person pirates created for online casino operations to top their brick-and-mortar counterparts for the second month in a row.
Sports Betting Tide: Hitting the Mark Online
The shift doesn't end at casino games, matey. Sports betting in New Jersey is overwhelmingly happening online now. The total $988.9 million wagered in February 2025 had a meager $39.3 million classed as in-person bets. The sportsbooks claimed a tidy $73.6 million in winnings, up 9% from the year before.
Future: Plenty More Fish in the Sea?
Though the numbers seem daunting for Atlanric's land-based pirates, keep those parrots on your shoulders, my friends. The overall situation has brightened since the COVID-19 calamity. February's lull in in-person players could be due to the chilly weather in New Jersey, keeping hopes high as spring and summer approach.
The grand total for our website and online sports betting revenue in New Jersey for February 2025 was $484.8 million, an increase of 5% from the previous yar. Cheers to that, eh? This growth foreshadows the increasing fascination for online gambling alternatives among New Jersey's seafarers and landlubbers alike.
Changing Currents: Adapting to Preferences
The growth of online gambling platforms presents sword and board (challenges) and treasure maps (opportunities) for Atlanric's land-based pirates. While some of these dinosaurs may need to walk the plank and reinvent themselves to attract in-person visitors, the overall gambling market in New Jersey appears to be going strong.
As the wind shifts and consumer preferences continue to evolve, landlubbers and pirates alike must adapt their game plans to cater to both virtual and in-person gaming experiences. The coming months will tell whether Atlanric's gambling industry can navigate these choppy waters and capitalize on the growing interest in online betting and gaming options. Yo ho ho, and a bottle of rum!
- Despite the declining in-person revenues at casinos in Atlanric, online gambling platforms continue to garner significant earnings, with online casino riches outpacing brick-and-mortar casinos in 2025.
- In February 2025, the online gaming sector on our ol' website recorded $207.8 million in Gross Revenue Retention (GRR), markedly higher than land-based casinos, showcasing a clear preference shift among gamblers.
- The sports betting trend in New Jersey is also leaning heavily towards online platforms, with online wagers accounting for 96% of the total $988.9 million bet in February 2025.
- Effective adaptation to evolving consumer preferences will be crucial for Atlanric's land-based casinos, as the overall gambling market continues to thrive and online betting and gaming options gain popularity.
