The New Jersey Division of Gaming Enforcement released its first-quarter 2019 financial statistics earlier this month, analyzing the status of casinos in Atlantic City, also a hub for betting for sports.
The report showed mixed results for AC casinos: significant increases in revenue, but an even sharper decline in gross profits.
The difference from 2018 to 2019 can be traced to the addition of two casinos in the summer of 2018: Hard Rock and Ocean Resort. This created competition with the other seven (Bally’s AC, Borgata, Caesars, Golden Nugget, Harrah’s Resorts Casino, and Tropicana). Of these, Bally’s saw the biggest drop in profits, a 54% decline.
More casinos mean more opportunities for gambling and a higher risk of problem gambling. CCGNJ helps problem gamblers beyond Atlantic City, including those who struggle with daily fantasy sports betting in Monmouth, NJ. For help, call or text 800-GAMBLER.