New Jersey’s iGaming and mobile sports betting sectors are generating significantly more revenue than brick-and-mortar casino operations, reinforcing the shift toward a digital-first gaming model.

On the latest episode of the Wise Kracks podcast, Bill Krackomberger and John Orlando reviewed Atlantic City revenue data highlighting the scale of the divide.

Slot machines at physical casinos generated $151m, while iGaming produced $258.9m over the same period. The gap is wider in sports betting. Mobile apps delivered $112m in revenue, compared to just $1.9m from retail sportsbooks.

The figures underline why operators are prioritising online channels. Mobile betting carries lower operating costs, with no requirement for large-scale retail space, on-site staffing or hospitality infrastructure. By contrast, physical sportsbooks face significant overheads tied to property, payroll and maintenance.

Krackomberger questioned the rationale behind continued retail investment: “Why spend millions on a sportsbook with chairs and big screens. They made $112m on the apps and only made $1.9m inside a physical sports book with the overhead of having employees. It’s unbelievable.”

The episode also addressed compliance and fraud risks. The hosts cited a $3m identity theft case in Connecticut, where fraudsters allegedly used the personal details of 3,000 individuals to create online betting accounts and exploit bonuses.

While acknowledging regulatory scrutiny, Krackomberger argued that large operators remain financially insulated due to strong digital margins.

In Las Vegas, the hosts pointed to broader structural changes. They claimed modern operators show limited interest in preserving legacy assets, referencing historic properties such as the Sands Hotel and Casino and the Stardust Resort and Casino. They also noted the shift away from complimentary lounge entertainment toward ticketed nightlife and DJ-led venues.

On the technology front, Circa Resort & Casino will host a three-day Bitcoin-focused event in April. Owner Derek Stevens continues to expand cryptocurrency acceptance across the property.

The episode concluded with a preview of the World Series of Poker 2026 schedule, including a $550 “mini mystery millions” tournament, and mention of Dana White’s planned White House fight card in June.