New Jersey Governor Supports Expanding Casinos Beyond Atlantic City
New Jersey Gov. Phil Murphy has actually suggested that he would think about opening the gambling establishment video gaming market beyond Atlantic City onto the main and northern parts of the Garden State. Murphy's remarks come in the middle of growing issue about increased competition throughout the Hudson River in New York City, where state legislators are aiming to authorize as much as 3 full-blown casinos in or near New York City.
New Jersey Governor Phil Murphy stated he will think about expanding betting beyond Atlantic City.
The relocation comes as a response to the possible competitive risk of 3 gambling establishments in the New york city City location.
Despite ballot rejection in 2016, market forces continue to propel the state's gambling establishment growth case.
When talked to by The Press of Atlantic City, Gov. Murphy confessed to the prospective risk this movement would present to Atlantic City's financial health. However, he worried how substantial it was to maintain gaming and dollars in New Jersey, especially if New York's new casinos would be appropriating a substantial percentage of the existing customer base.
Murphy called his position pragmatic and continued that New Jersey must be pragmatic in a quote to retain its market share under pressure from the outside.
Gov. Murphy was adamant that whatever growth did take place would have to be carefully kept an eye on for its wider economic impact. While Atlantic City has actually lately been showing signs of a strong rebound, especially over the high summertime season, the guv was excited to secure its gains even as he looked to other parts of the state for new sources of revenue.
Although no main proposition exists, Gov. Murphy's determination is a shift in tone from previous state policy. In 2016, New Jersey voters declined a ballot concern to permit casinos outside of Atlantic City by nearly four-to-one. Despite that defeat, the casino expansion case has continued to advance due to altering market forces and increasing competition from surrounding states.
Atlantic City gambling establishments record highest profits development in May
The Atlantic City casino market reported strong monetary outcomes for May as the city's 9 gambling establishments contributed $265.3 million in land-based video gaming profits. The reports suggest a 10.9% increase from May 2024 and a 20% gain from April 2025, the year's highest monthly efficiency.
Statewide total gaming profits in May for the retail casinos, racetracks, and their web partners combined was $614.7 million, 20.5% greater than its year-earlier equivalent. Internet video gaming produced $246.8 million, a 28.5% boost year over year and a state internet video gaming company record for the month.
Sports wagering likewise increased in May, reaching $1 billion in wagers, which yielded $102.5 million in revenue, a 30.2% boost from May 2024.
New Jersey's gaming revenue year-to-date through May amounted to $2.74 billion, an increase of 6.6% compared to last year. Overall, online video gaming is still slightly ahead of retail casino earnings. Year-to-date iGaming income is $1.16 billion and retail casino profits is $1.12 billion.
May figures also suggest a better efficiency than before the pandemic. Casino earnings for May 2019 was $222.9 million, and in-person revenue for May 2018 was $193.3 million.