Atlantic City casino gaming revenue from tables and slots grew closely 15% in January compared to the previous year, signaling a solid start to the new year.
Online gambling revenue set another monthly record and the total amount wagered on sports is a new all-time high in New Jersey.
Collectively, total year-over-year gaming revenue grew more than 15% last month, according to data released Wednesday by the state Games Application Division.
Revenues from NJ Land-based casino games were $183.6 million in January, until 14.8% of the same month in 2021.
Online gambling revenues were $137.8 million.
New Jersey sports bettors have legally bet more than $1.348 billionthe highest monthly total ever for the state.
Total gaming revenue reported by Atlantic City casino licensees in January was $340.1 millionat the top 15.1% Year after year.
The Two Sides of Atlantic City Casino Gaming Revenue Data
All of that is the positive of the January earnings reports.
The flip side is a continuation of 2021. Last year, the majority of Atlantic City‘s nine casinos reported less in-person revenue than before the pandemic.
The amount of money wagered on Atlantic City casino floors in January 2022 was also down. State reports show that these numbers are falling by more than 5.2% from 2019 and 10.4% from 2020.
Seven AC casinos reported less in-person gaming revenue last month than in January 2020 or January 2019.
In the past year, only Hard Rock Hotel & Casino Atlantic City and Ocean Casino Resort generate more revenue through land-based gambling.
Here is a breakdown of the properties of January 2022:
|Casino||Table and Other||Poker||Slot machines||Total gambling winnings|
Will spring showers bring AC game flowers?
Annual revenue from in-person gaming has declined 5% in 2021 compared to 2019. The percentage drop would have been double digits had Hard Rock and Ocean not significantly outperformed their 2019 campaigns.
And, impending variables – namely a likely indoor smoking ban and New York City casinos – could slow an already slow physical recovery.
Still, state regulators are seeing the bright side of the January earnings reports.
“It’s encouraging to see Atlantic City’s recent positive momentum continue into the winter.
months,” said NJ Chairman of the Casino Control Commission, James Plousis. “Recent casino performance inspires even more optimism as the spring season approaches.”