1. Atlantic City Casino Revenue February 2019 Solicitations
2. Atlantic City Casino Revenue February 2019 Schedule
3. Atlantic City Casino Revenue February 2019 Holiday
4. Atlantic City Casino Revenue February 2019 Calendar
5. Atlantic City Casino Revenue February 2019 Dates
6. Atlantic City Casino Revenue February 2019 2020
7. Atlantic City Casino Revenue February 2019 Calendar Printable

New Jersey online gambling revenue crossed the $30 million mark for the second month in a row.

The Atlantic City casino industry is benefiting from the addition of sports betting last summer — but that’s far from the only reason why business is booming. The whopping $49 mm increase in total gaming revenue in February compared to February 2018, per figures announced this week by the Division of Gaming Enforcement, includes a $13 mm. Casinos in Atlantic City had a strong month of February, as revenues were up 21% than the year prior. The numbers were revealed by the state's Division of Gaming Enforcement and revealed: Brick and mortar revenues of $196.7 million, up 15.7% from the year prior and $20 million higher than last year; Slots revenue up 12.4% to $139.5 million.

The New Jersey Division of Gaming Enforcement released February’s numbers, and NJ online casino operators reported a combined $31,748,726in revenue.

It’s a slight downtick from the $33,594,391 from January, which was the best month ever for NJ online gambling.

But the significance of February’s number is the 44.4 percent increase from the same period last year. Newcomers Hard Rock Atlantic Cityand Ocean Resort Casinowere not open at the time. February 2018 closed out with $21,992,124 in revenue.

Bottom line: NJ online gambling operators are starting 2019 on a high note.

Golden Nugget is the golden child… again

There is a pattern when it comes to the Garden State’s monthly report, and it has to do with the top-performing license holder.

Golden Nuggetcontinues to be the market leader when it comes to NJ online casino revenue.

It was the lone operator to earn more than $10 million in revenue in February.

The $10,701,266 may not stand out as much as the industry-leading $12,180,039 it generated last month, but it’s a 35.7 percent improvement from the same period last year.

Here is a full breakdown of each operator and its internet gambling revenue:

Resorts becomes a real contender

Resorts Digital — the online arm of Resorts Casino in Atlantic City —is No. 2 on the list with a reported $6,657,591.

Atlantic City Casino Revenue February 2019 Solicitations

But what makes this figure stand out above Golden Nugget’s is the fact it experienced a whopping 76.3 percent increase from the same period last year.

Besides having its own Resortsplatform, it also partners with a number of other well-known NJ gambling sites:

The latter brand is currently integrated into the DraftKings Sportsbookapp and includes live dealer games. Just three months into its life in the market, DraftKings Casino feeds off the success of its NJ sports betting app. This likely contributes to Resorts’ meteoric rise.

A standalone DraftKings Casino app could be coming this year.

Double-digit increases

Besides the two market leaders, the other NJ online gambling operators saw solid year-over-year growth.

Caesarsreported $4,279,791 and a 34.1 percent increase.

Borgata reported $4,506,716 for an 18.8 percent increase.

On the flip side, Tropicanaremained relatively flat with a 3.1 percent improvement from the same period as last year, but the $3,451,077 earned added to the positive trend.

Hard Rock and Ocean are still growing

For Hard Rock and Ocean online, the two youngest online casinos in New Jersey, comparisons are limited. But trends are visible already.

Hard Rock reported $1,668,777, which puts them toward the bottom of the pack.

But Hard Rock Online Casino has experienced growth over the last few months of its tenure in NJ. It’s well on its way to its first-ever $2 million month.

It also could benefit from March Madness betting. Its online sportsbook launched Jan. 26 as an integrated app with the rest of the online gambling site. Customers using the app to place sports wagers can take advantage of the shared wallet.

Ocean remains in ownership transition. The property is in the process of being taken over by New York-based hedge fund Luxor Capital Group. And as it is, February online gambling revenue came in at just $483,508 — the lowest of any of the license holders.

What about NJ online sports betting?

On its own, gambling sites in New Jersey are a powerhouse. But the addition of online sportsbooks certainly has changed things a bit.

A chilly 28 days in February, combined with a less-than-stellarSuper Bowl betting performance, left NJ online sportsbooks with just $12.9 million in revenue. Retail books fared little better.

That being said, there is no question that online sports betting contributes heavily to the success of online casinos thanks to cross-selling. Most of the 13 sportsbook apps share wallets and sites with established online casinos.

When included with NJ online casino and poker revenue, online sports betting brings the total revenue to $44.6 million in February. Not too shabby at all.

Last month, Atlantic City’s nine casinos brought in a whopping $275.1 million in total gaming revenue, an 18.4% over last February’s numbers. These figures were gathered from the state Division of Gaming Enforcement.

Atlantic City continues on its astonishing 21 consecutive reporting period hot streak of monthly revenue increases. The growth period started nearly two years ago in June when Hard Rock Hotel & Casino Atlantic City and Ocean Casino Resort reopened their doors.

“Atlantic City reported strong results in February, which were aided by the calendar with its rare fifth Saturday,” said James Plousis, Casino Control Commission Chairman. “Revenue from slots, table games, internet wagering and sports wagering all grew. Internet wagering results were prominent, and the sports wagering handle already surpassed $1 billion for the year. These gaming options are providing important revenue streams while broadening the industry’s appeal.”

Atlantic City Casino Revenue February 2019 Schedule

The Strongest February in Nearly a Decade

Last month’s results were the strongest for February in Atlantic City since 2011. In 2011, 11 casinos were in full swing, as compared to the nine currently operating in today’s Atlantic City.

According to Rummy Pandit, executive director of the Lloyd D. Levenson Institute of Gaming, Hospitality & Tourism at Stockton University, says the milder weather and efforts of city businesses to feature more on-site resort entertainment are among the biggest factors in increased visitation and revenue.

“The wintry weather that likely suppressed visitation, and in-turn land-based gaming revenues, in past years was not as much a factor in February 2020,” Pandit said. “The especially mild weather, and efforts by city businesses to bring more shoulder season entertainment to the resort, has led to increases in visitation.”

Ocean Casino Reports Largest Monthly Increase

Atlantic City Casino Revenue February 2019 Holiday

Ocean casino saw the largest monthly revenue increase in February of the city’s nine properties. The resort took home $20.77 million in casino win, that’s a 51% increase from February 2019’s numbers.

This time last year, Ocean was changing ownership and leadership.

Ocean’s CEO, Terry Glebocki, said the second month of the year was an “incredibly strong month for the property” and said that slot business was up an incredible 88%.

Glebocki, the only woman chief executive officer of an Atlantic City casino, was officially named CEO last December. She worked hard to listen to AC customers’ concerns and address their needs.

“The property had a history of being tone-deaf to most A.C. customers and we’ve overcome that,” Glebocki said. “We were voted No. 1 casino in A.C. (in 2019 by Atlantic City Press) for best rooms, best comps and best players clubs. That’s because of what we stand for, giving people a fair deal.”

Atlantic City Casino Revenue February 2019 Calendar

Ocean recently revamped their property, including revitalizing their dining options, creating a convenient new elevator bank that offers direct access from the hotel level to the casino level, and opening up their new Exhale Spa + Bathhouse, which was voted the top spa in New Jersey by Spas of America.

Online Gambling is a Safeguard for Coronavirus

While Atlantic City continues to see an uptick in their casino revenue, property owners are well aware of the toll COVID-19 could cause on the gaming industry, and how the impact could reach their shores.

Atlantic City Casino Revenue February 2019 Dates

Their strategy is to use online betting as a viable safeguard, should on-site gambling get impacted negatively.

Atlantic City Casino Revenue February 2019 2020

The great news is that online betting is also up in the state and experienced a boost in February as well. Internet gaming revenue for February was $52 million, an increase of 63.7% over this time last year.

Atlantic City Casino Revenue February 2019 Calendar Printable

“Online casinos and sportsbooks should help buoy their land-based casino counterparts in Atlantic City should the coronavirus impact casino operations,” said Eric Ramsey, analyst for PlayNJ.com. “The Golden Nugget’s online casino already generates more revenue than its retail casino, and others have been closing the gap. That online revenue stream could prove vitally important in the coming months.”

Should the situation with the coronavirus outbreak get worse, online betting will be looked to more than ever as a buffer to get the industry through trying times.

“New Jersey’s year-over-year gains remained impressive in February, but we are in uncharted territory now,” said Dustin Gouker, lead analyst for PlayNJ.com. “Obviously there are bigger concerns with coronavirus, but the NBA is a major revenue driver for New Jersey’s sportsbooks. So the suspension of the season, in addition to suspensions of other sports, will undoubtedly have a significant effect.”

Stay tuned to see if casino gaming revenue continues on its upward trajectory in Atlantic City, or if New Jersey will get impacted by the coronavirus in the coming month.