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- But the company spun off its online gambling operations in November, and starting this month, Golden Nugget’s online division has its results listed separately. That division was up 45% from a year ago, to $31.3 million. But the in-person Golden Nugget casino and sports betting winnings were down 33.2% to $10.1 million.
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ATLANTIC CITY, N.J. (AP) — New Jersey’s sports betting juggernaut slowed a bit in January, even as those bets and internet gambling helped the Atlantic City casinos avoid a revenue decrease for the month, according to figures released Wednesday.
The nine casinos saw 9.3% more revenue in January than they did a year earlier, but that was largely because of money won online or from sports betting.
Without that extra revenue, the casinos’ performance with in-person gamblers fell 16.7% from January 2020 totals.
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The total amount of money wagered on sports in New Jersey actually declined a bit from December, failing to set a new national record for the first time in six months. The total bet on sports, known as “handle,” was $958.7 million, down from more than $996 million in December.
Including internet and sports money, the casinos won $295.7 million in January. And when the three horse racing tracks that offer sports betting are included, the figure rises to $346.4 million.
Hard Rock had a good January, up nearly 40% in all forms of gambling to $33.8 million. Its in-person casino revenue was up almost 24%.
“Hard Rock Atlantic City is very proud of our team and their performance producing a remarkable 24% increase in casino revenue in comparison to last year while the city is down collectively 17%,” said Hard Rock President Joe Lupo. “COVID-19 and operating restrictions continue to cause difficulty for everyone. However, being the only property in Atlantic City to see growth four months in a row speaks to our market-leading (safety) protocols and team effort.”
Jim Plousis, chair of the New Jersey Casino Control Commission, said one big reason in-person casino revenue was down from a year earlier is that it is being compared with January 2020, when coronavirus restrictions had not yet been imposed.
“While public health remains a concern, Atlantic City has worked hard to provide a safe environment,” he said. “The casinos are well-positioned to welcome back more visitors as the situation hopefully continues to improve and the spring season approaches.”
The Ocean casino was up 31.7% to $26 million.
“January 2021 was the first full month of operation for The Cove, attracting new customers to Ocean interested in an exclusive high limit slot experience,” said Terry Glebocki, Ocean’s CEO. “With the recent curfew lifting and Ocean’s ongoing reinvestment, we’re optimistic we’ll continue to see gaming growth as 2021 progresses.”
And the Borgata was up 10.5% to $75.4 million.
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A change in reporting methods by the New Jersey Division of Gaming Enforcement knocked the Golden Nugget out of one of the top revenue sports in Atlantic City, a spot it had long occupied due to strong internet gambling winnings.
But the company spun off its online gambling operations in November, and starting this month, Golden Nugget’s online division has its results listed separately. That division was up 45% from a year ago, to $31.3 million. But the in-person Golden Nugget casino and sports betting winnings were down 33.2% to $10.1 million.
Among other internet-only entities, Caesars Interactive-NJ was up 74.3% to $7.3 million, and Resorts Digital was up 38.7% to $38.5 million.
Casino declines were led by Harrah’s, down nearly 37% to $14.9 million. Bally’s was down 23.3% to $8.7 million; Resorts was down 15.3% to $10.5 million; Tropicana was down 8.7% to $22.7 million, and Caesars was down 5.5% to $16 million.
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When looking to venture out into sports gambling, you are likely to find hundreds of online sports betting sites out there. When looking for the best sports betting sites, therefore, the most important issues to consider are the perks that come with the websites. This will ensure you enjoy the greatest sports betting online experience. These perks include signing bonuses and easy usability among others. In this article, we are going to review three of the best online betting sites, which are Bovada, BetOnline, and MyBookie.
#1 Bovada
Bovada.lv also known as Bodog.com in Canada is among the best sports gambling websites that has been in existence since 1994. The site’s domain is registered in Latvia. The platform provides access to sport, casino, poker, and racebook wagering.
Bovada has continually offered promotions and offers to its customers. For instance, first-time deposits for sports get bonuses of 50 percent for deposits up to $250, 100 percent for deposits up to $1000 for casino bets, and 100 percent for deposits up to $1000 as poker bonus.
Making a deposit or a withdrawal is easy and only attracts a small fee. For first-time deposits, the processing fee of 4.9 percent is waivered. Payouts are done using rapid transfer, otherwise known as money gram.
Bovada allows sports betting online on their user-friendly mobile interface or in their state of the art poker and casino gaming rooms. The minimum wager online is $1 and $50 for mobile bets. The only limitation to using Bovada is that the odds are posted late and that they have very low wager limits.
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#2 BetOnline
Licensed and regulated in Panama, BetOnline offers sports, live, poker, casino, and live dealer types of betting. It offers a wide range of payment options and several accepted currencies, thus making it one of the most convenient sites for customers across the world.
You get a welcome bonus of 50 percent on deposits up to $2500. However, bonus levels are tiered for different types of wagering. The online game library is categorized into 3D slots, table games, slots, and video poker. Most of the bets are placed online since their mobile platform only allows sports betting.
Bet365 Online Sports Betting
Maximum and minimum deposits and withdrawals are different for different payment options that are offered on BetOnline. Its major shortcoming is that it has high rollover requirements that customers might find difficult to understand.
#3 MyBookie
MyBookie is one of the newest top online sports betting sites in the market. It was established in 2014 in Costa Rica and is fast growing to compete with other older bet staking sites. The minimum online wager on MyBookie is $10 and the maximum is $1000. For mobile wagers, however, there are no limits.
Wagering options for MyBookie include straights, totals, open wagers, action points, teasers, reverses, if bets, futures, and money lines among others. You can bet on games such as NFL Football, college basketball, NBA basketball, NHL hockey, soccer, golf, and horse racing among others.
With one of the highest bet bonuses in the industry, MyBookie gives you a welcome bonus of up to 50 percent for up to $1000 if you are a first time depositor. For reloads, they offer a 20 percent cash bonus. This makes it one of the best sports betting sites.
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Its mobile platform has a user-friendly interface that makes it very easy to use. Their customer service is also highly efficient and offers top-notch customer service. This puts them among the best online betting sites today. MyBookie, however, only caters to recreational gamblers as opposed to other top sites that allow professional gambling. The site has also been said to lean more on the US sports market as compared to international sports.