{"id":870,"date":"2018-08-06T15:08:21","date_gmt":"2018-08-06T15:08:21","guid":{"rendered":"https:\/\/www.casinousa.com\/?p=870"},"modified":"2018-08-06T15:08:21","modified_gmt":"2018-08-06T15:08:21","slug":"atlantic-city-revenue-boost-expect-with-online-sports-betting","status":"publish","type":"post","link":"https:\/\/www.casinousa.com\/news\/atlantic-city-revenue-boost-expect-with-online-sports-betting","title":{"rendered":"Atlantic City Revenue Boost Expect With Online Sports Betting"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.casinousa.com\/news\/wp-content\/uploads\/sites\/2\/2017\/02\/atlantic-city-casinos.jpg\" alt=\"\" width=\"300\" class=\"alignright size-full wp-image-660\" \/>Sports betting operators are <a href=\"https:\/\/www.casinousa.com\/states\/new-jersey\">expected to flood the New Jersey market<\/a> in the coming months. There have been a number of reports recently of major gaming operators partnering with sports betting operators to gear up for their New Jersey launch.<\/p>\n<p>The response to the physical sportsbooks operating in New Jersey has been phenomenal over the last couple of weeks. Internet sportsbooks are expected to go live in the coming weeks and they will provide a significant boost to gaming revenues of casino operators. <\/p>\n<p>Out of state gamblers are also expected to visit Atlantic City to place their sporting bets.<\/p>\n<p><strong>SNJ Today<\/strong><\/p>\n<div style=\"position:relative;height:0;padding-bottom:56.25%\">\n<iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/YxMlfNhMNJs?rel=0&amp;showinfo=0?ecver=2\" width=\"640\" height=\"360\" frameborder=\"0\" style=\"position:absolute;width:100%;height:100%;left:0\" allowfullscreen><\/iframe>\n<\/div>\n<p>&nbsp;<\/p>\n<p><strong>Rummy Pandit<\/strong> who serves as the executive director of the Lloyd D. Levenson Institute of Gaming, Hospitality and Tourism at Stockton University believes that sports betting will also impact Atlantic City revenues as the average sports bettor will spend on <a href=\"https:\/\/www.casinousa.com\/states\">multiple offerings at land based casinos<\/a>.<\/p>\n<p>In a statement, Pandit said <\/p>\n<blockquote><p>Sports betting is definitely going to drive additional traffic into the city. And online sports betting will not just drive sports betting revenue, it\u2019s going to drive revenue to brick-and-mortars through rooms, food and beverage, entertainment and shows.<\/p><\/blockquote>\n<p>Pandit has a valid point as a number of casino operators have set up unique reward programs for the online sports betting and casino operators. The rewards they earn from their online sports betting gets accumulated into their account and can later be used at their land based casinos in Atlantic City to avail selective offerings.<\/p>\n<h2 id=\"disagreement-on-sports-betting-impact\">Disagreement On Sports Betting Impact<\/h2>\n<p><strong>Wayne Schaffel<\/strong> who is an ex-Atlantic City casino executive does not share Pandit\u2019s positivity over the internet sports betting market. Schaffel says his experience and the stats available show that sports betting will not have a major impact on Atlantic City revenues. <\/p>\n<p>He refers to the sports betting industry in Las Vegas which accounts for a very small percentage of bets places at the casinos. What is even more interesting is that casinos show an even smaller margin on sports betting profits. When you take this into consideration, Schaffel believes the impact of sports betting on Atlantic City\u2019s revenues will be almost negligible.<\/p>\n<p>While the sports betting industry has recorded strong numbers in its opening weeks, Schaffel says that these numbers cannot be taken as a baseline because very soon multiple states will legalize sports betting and gamblers will no longer need to come from out of state into Atlantic City to place their sporting bets.<\/p>\n","protected":false},"excerpt":{"rendered":"Sports betting operators are expected to flood the New Jersey market in the coming months. There have been a number of reports recently of major gaming operators partnering with sports betting operators to gear up for their New Jersey launch. The response to the physical sportsbooks operating in New Jersey has been phenomenal over the [&hellip;]","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,6,3],"tags":[],"class_list":["post-870","post","type-post","status-publish","format-standard","hentry","category-news","category-financial","category-general"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Atlantic City Casino Revenues To Get Online Sports Betting Boost?<\/title>\n<meta name=\"description\" content=\"Major gaming operators have been partnering with sports betting operators to gear up for their New Jersey launch\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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things regarding casino gambling in the US. The legality of gambling in the United States is continually changing, and it has especially been turbulent in the last couple of years, so knowing which states legalized gambling and which are yet to do so is getting a bit difficult. But if you need to know everything about the legality of gambling in your state, Rachel is the person to ask. She keeps track of the latest gambling bills and is ready to bring you news. 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