The Cold, Hard Truth: Atlantic City Casino Industry Is Not Healthy
The most recent Atlantic City casinos profit reports counter the conventional wisdom that the industry is healthy and doing well. It's not.
David Danzis is the former lead writer for PlayNJ. He is a New Jersey native and honors graduate of Rutgers University. As a newspaper reporter for the New Jersey Herald and Press of Atlantic City, David earned statewide awards for his coverage of politics, government, education, sports, and business. He served as PlayNJ’s Atlantic City “insider” and gaming industry expert on casinos, sports betting, and online gambling.
The most recent Atlantic City casinos profit reports counter the conventional wisdom that the industry is healthy and doing well. It's not.
Bally's Atlantic City opened Bally Bet Sportsbook on Wednesday, taking over the space formerly occupied by FanDuel Sportsbook.
New Jersey gambling regulators levied an $80,000 penalty against Fox Bet Sportsbook for allowing wagers on multiple prohibited college events.
Penn Entertainment and ESPN are partnering for a new online sportsbook, ESPN Bet, that will replace Barstool Sportsbook and Casino.
Internet gambling in New Jersey has already generated more than $1 billion in revenue this year, way ahead of 2022’s record-setting returns.
Land-based Atlantic City casinos generated just shy of $290 million in July revenue, their best month since reporting $299 million in July 2022.