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“In 2022, the Atlantic City casino industry continued to face challenges, including the lingering effects from the pandemic, a difficult economy and high inflation,” said Mark Giannantonio, president of the Casino Association of New Jersey. Supreme Court ruling in a case brought by New Jersey that cleared the way for any state to offer legal sports betting about two-thirds of the states now do. That included the legalization of internet gambling in 2013, and the introduction of sports betting in 2018 following a U.S. “To achieve the returns we have today took a substantial expansion and diversification of the New Jersey gaming product to compete with increased competition from neighboring states.” “To compare these returns, it is important to consider how much the market has changed in the past 16 years,” she said. Sarah Grady, assistant director of the Lloyd Levenson Institute at Stockton University, which studies the Atlantic City gambling industry, said it took an enormous amount of work by the casinos and state government to replicate the levels of 2006, when gambling revenue consisted solely of what was won from in-person gamblers. But the 2022 number was reached with a hefty assist from internet gambling and sports betting - revenue streams that help contribute to the bottom line but are also heavily shared with third parties such as sports books and tech platforms.

Ocean casino atlantic city online gambling