Posted on: February 14, 2022, 01:48h.
Last updated on: February 14, 2022, 01:50h.
Resorts Casino Hotel in Atlantic City has powered down its online sportsbook.
Effective today, February 14, Resorts is no longer taking action through its ResortsCasino.com sportsbook. While the platform’s interactive slots and table games, as well as live dealer offerings, will continue to operate, the website’s sportsbook has been shuttered.
The Resorts-branded online casino says its sportsbook will remain accessible until March 1, 2022, for players to view their open bets and account status. The iGaming site says all outstanding bets will be honored and settled once the sporting event has been completed. Any remaining balances will be returned to the patron by way of their preferred withdrawal method.
Resorts’ online casino is powered by third-party software supplied by NYX Gaming, which has been a subsidiary of Scientific Gaming since 2017.
Resorts iGaming Leader
Resorts Casino is generating more gross gaming revenue (GGR) online than at its brick-and-mortar property in Atlantic City. Through its Resorts Digital interactive unit, the casino reported iGaming and mobile sports betting GGR of more than $450.7 million in 2021. Resorts’ physical casino floor and sportsbook won $168.6 million.
Resorts Digital ranked second last year among the eight iGaming licensees operating in New Jersey. Resorts trailed only MGM Resorts/Borgata, which won around half of a billion dollars online.
Along with its own iGaming website, Resorts’ New Jersey gaming license has been extended to third-party operator DraftKings, FOX Bet, and Barstool Sportsbook. Those online sportsbooks are tethered to Atlantic City by way of Resorts Casino.
Resorts has undisclosed revenue sharing arrangements in place with the online operators. Despite not having to share its online revenue from its own ResortsCasino.com site, the income generated from the sportsbook was apparently too little to warrant continuing on with its operation.
Resorts Casino Hotel guests in Atlantic City can still place a sports wager while at the property. One of Resorts’ online partners — DraftKings — runs the casino’s on-site sportsbook.
The DraftKings Sportsbook at Resorts is a 5,000-square-foot facility featuring a 15-foot-high HD video wall, 18 betting kiosks, and VIP seating area with food and beverage service.
Sports Betting Consolidation
Thirty states have legal sports betting operational. That number is expected to climb by a handful or so this year.
Resorts Casino doing away with its own online sportsbook isn’t exactly surprising. Gaming analysts are expecting a consolidation of sorts in 2022, as the national markets begins to settle in.
Any sports fan who has watched a game on television in recent months is well aware that there’s an abundance of sportsbooks seeking market share. Along with the familiar names such as DraftKings, FanDuel, BetMGM, and Caesars Sportsbook, the emerging internet sports betting space has attracted newcomers with little brand recognition. Mobile sportsbook operators like BetRivers, PointsBet, and Tipico are also spending heavily to attract bettors.
Merger and acquisition activity is going to continue to be robust, not only in the short term, but in the long term as well,” explained Brendan Bussman, director of government affairs for Las Vegas-based Global Market Advisors. Bussman’s firm is a leading gaming, sports, and hospitality research consultancy.