Editor’s Note: This is the second of a multipart series on Atlantic City gambling and its future. You can find part one here.

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Is There Sports Betting In Atlantic City
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Is There Sports Gambling In Atlantic City New Jersey
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Sports betting in New Jersey is blossoming, but Atlantic City is struggling. (Image: Press of Atlantic City) That’s the good news. There’s plenty of bad. Atlantic City’s nine casinos saw brick-and-mortar gross gaming revenue (GGR) tumble 35 percent to $146.5 million. That’s a more than $77.3 million reduction from November 2019. ATLANTIC CITY, N.J. Has purchased a sports betting technology company for $125 million and has finalized the purchase of a casino in Atlantic City. The transactions, both announced Wednesday night, give the Rhode Island company formerly known as Twin River Worldwide Holdings a solid place in the sports betting and physical.

This marked the third sportsbook located in Atlantic City. Since then, the sportsbook has continued to provide all NJ residents and tourists with both land-based and online sports betting throughout the year. The lounge also hosts a full-service bar that serves food and drinks to all sports bettors. New Jersey Restrictions on State Regulated Sports Betting. Even though New Jersey now allows licensed sports betting inside the state, there are three major restrictions that people in the state should be informed of before betting at an Atlantic City or NJ-based sportsbook and is why many residents still prefer to bet at the legal offshore sportsbooks instead.

Remember the days of talking about what a great addition legal sports betting would be to the Atlantic City casino market?

For years, it seemed like a pipe dream.

Several court appearances and lawsuits later, NJ sports betting is a pretty big deal. How big?

Well in 2019 alone, Garden State sportsbooks took in $4.5 billion, yes billion, in wagers. And this is just one of the many eye-catching numbers.

New Jersey recently quietly celebrated the two-year anniversary of legal sports betting in the state. The global pandemic has tempered the market growth. But even while casinos were closed, bets were happening on the sportsbook apps.

This is a documentary that Play NJ created about the rise of sports betting in New Jersey.

Online betting may be the breadwinner, but the new industry provides Atlantic City casino operators with something else to offer customers 365 days a year.

So current global pandemic aside, here is the billion-dollar question: Does Atlantic City have what it takes to become an East Coast sports betting destination?

NJ sports betting history lesson

The legalization process for NJ sports betting is a very long story. So instead of rehashing the history and steps, we will highlight two key dates.

The first is May 14, 2018. This is the date the US Supreme Court dismissed the Professional and Amateur Sports Protection Act (PASPA) as unconstitutional.

And one month later, on June 14, the first legal sports wager in Garden State history was placed at Monmouth Park. Gov. Phil Murphy did the honors. Later that day, the first wager in Atlantic City history was placed at the Borgata.

Bottom line, 40-plus years into its gambling history, Atlantic City (and the rest of the state) now have a new avenue for legal betting. And two years after that first bet was placed, New Jersey boasts a robust sports betting market to complement its record-breaking online casino market.

Operators want a piece of the NJ sports betting pie

The New Jersey sports betting market provided an entry point for both American operators and European companies.

And why not? The market not only boasts billions in dollars of wagers annually. But even when sports shut down during the pandemic, online operators were still pulling in bets. May 2020 saw a jump in total bets from $118 million the month before to $165 million.

To make things even more enticing, New Jersey regulators gave operators plenty of avenues to pursue sports betting. Resorts casino hotel tunica mississippi.

Each of the 10 license holders is permitted to have a retail sportsbook along with up to threeonline skins. That means the market can have up to 12 retail books and 36 apps.

AC casinos and NJ racetracks were quick to open sportsbooks in 2018. That tally sits at 10 total, eight of which are in Atlantic City. As far as mobile goes, the initial launch included some big names:

DraftKings Sportsbook
FanDuel Sportsbook
William Hill NJ
BetStars NJ (now Fox Bet)

Call it a small sampling. The market currently includes 18NJ sports betting apps, with more preparing to launch.

Here is a look at the breakdown by license holder:

Resorts Digital	Golden Nugget	Hard Rock	Ocean Casino	Caesars	Tropicana	Borgata	Monmouth Park	Meadowlands
DraftKings Sportsbook	Golden Nugget Sportsbook	Hard Rock Sportsbook	William Hill NJ**	888 Sports NJ	William Hill	Borgata Sportsbook	William Hill	FanDuel
Fox Bet NJ	BetAmerica NJ	Unibet NJ	Tipico*	Caesars Sportsbook	BetMGM Sports	SugarHouse	PointsBet
Resorts Sportsbook	Bet365	Wynn Sports	TheScore Bet

*Tipico is awaiting licensing approval from the New Jersey Division of Gaming Enforcement. | **William Hill shares licensing between its three casino and racetrack partners.

Looking at the chart, the door is still wide open for additional operators to come aboard.

Bally’sis the perfect example.

Twin River Worldwide Holdings is purchasing the property from Caesars. And once the licensing process is complete, the new owner plans on pursuing NJ sports betting opportunities.

“As soon as we’re licensed and close on this transaction, we think that we can bring an exciting sports betting brand to AC,” George Papanier, CEO of Twin River, told Play NJ.

Making sportsbooks an Atlantic City destination

AC casinos have invested millions building state-of-the-art sportsbooks. The hope, of course, is they become viewing destinations for major sporting events such as the Super Bowland March Madness.

William Hill is one of the companies that has gone all in, setting up retail operations not only at Monmouth, but also at Ocean Casino Resort and the Tropicana. The latter was unveiled in March 2019, just in time for the NCAA basketball tournament.

Joe Asher, CEO at William Hill US, said he is a big believer that you “have to make a sportsbook a great social environment.” Case in point is the one at Ocean, which sits as the center of the casino floor and includes skyboxes.

“[It’s about] having great places where people can come and hang out, be with their friends and really enjoy a social experience that you can’t replicate sitting on your couch at home. It’s really designed to be a destination.”

Caesars and MGM took a similar approach with opening permanent retail sportsbooks last year.

Is There Sports Gambling In Atlantic City Pa

Borgata unveiled Moneyline Bar & Book last summer, which doubles as a restaurant. The space was recently given a BetMGM branding.

And Caesars opened The Book at Bally’s, which a