Clearly, sports and igaming help to keep the casinos viable.Ĭasinos in Atlantic City have been on a long slow downhill slide since 2007, the first year of slot machines in Pennsylvania. Combined with sports betting, that nearly equals casino revenue ($2.7 billion). Online gambling generated $1.6 billion in revenue in 2022. The Atlantic City casinos are also somewhat protected by online gaming and sports. Hard Rock, Caesars, and Golden Nugget have diverse sources of revenue. The majority of the city’s casinos are part of corporations with casinos in other jurisdictions. Those two proposed laws would not end gambling in New Jersey or close all the casinos in Atlantic City. For years, advertisers in Nevada could not mention gambling, so they used a euphemism, “Nevada-style entertainment.” That law had no noticeable impact on gaming revenues. The proposition has yet to be tested in any jurisdiction. It is the major source of sports wagering in the country.Įliminating the advertising on sports betting would certainly impact the revenue. That is true not just in New Jersey, but also in New York, Pennsylvania, Illinois, Ohio, Indiana, and other states that permit remote wagering. Those bettors are very vulnerable to advertising during an event and most of the advertising in New Jersey is targeted at those remote-betting sports fans.

Most of those wagers were made remotely from phones, tablets and computers, not in casinos. In New Jersey, sports betting has become very important as a source of revenue in 2022, $11 billion was bet in the Garden State, resulting in $726 million in gross gaming revenue. Legislation that legalized betting on sports in New Jersey led to the Supreme Court decision in 2018 making sports betting subject to state jurisdiction, rather than federal. New Jersey can be credited with the spread of legal sports betting in the United States.

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