Atlantic City casino revenue surged in April as COVID concerns fade

Atlantic City casinos are heading into the busiest time of the year on a winning streak. Once again, Atlantic City casino revenue from in-person gambling surpassed pre-pandemic levels in April.

According to data released Monday speak New Jersey Gaming Enforcement DivisionAtlantic City’s nine casinos brought in nearly $235.3 million table games and slot machines last month. This represents an increase of more than 24% from 2021 and more than 13% from 2019.

April 2022 was the sixth time since September 2021 in which monthly land-based gambling revenues collectively reported by the industry were higher than before COVID-19[feminine] forced a 107-day shutdown in 2020.

New Jersey Casino Control Commission President James Plousis noted that last month was Atlantic City’s best April for the casino industry in a decade.

“Regional tourism is rebounding and momentum is building for a promising start to the summer season later this month,” Plousis said on Monday.

Atlantic City Casino Revenue Grows for Most of the Market

As has often been the norm since the industry reopened in July 2020, Hard Rock Hotel & Casino Atlantic City and Ocean Casino Resort are working significantly better than before COVID.

Hard Rock’s $40.6 million reported last month is an almost 74% increase from April 2019. Ocean increased in-person revenue 73% at the same time, going from $15.2 million for $26.2 million.

Hotel Borgata Casino & Spa continues to dominate the Atlantic City market by a wide margin. the Marina area reported casino $61.6 million table and slot revenue in April, a year-over-year increase of nearly 60% and one 15% jump from 2019.

Land-based gambling revenue at The Atlantic town of Bally (+1.8%) and Casino Resorts (+12%) also increased in April 2022 compared to April 2019.

Casino Table and Other Poker Slot machines Total gambling winnings
at Bally’s $5,003,408 $- $9,415,408 $14,418,816
Borgata $16,964,065 $1,303,760 $43,336,023 $61,603,848
Caesars $4,298,327 $- $15,897,900 $20,196,227
Gold nugget $1,742,904 $- $10,569,197 $12,312,101
Hard Rock $13,180,550 $- $27,410,262 $40,590,812
Harrah’s $3,379,226 $297,120 $19,496,056 $23,172,402
ocean casino $6,161,488 $- $20,080,583 $26,242,071
Resorts $3,277,115 $- $11,049,135 $14,326,250
Tropicana $4,300,058 $179,196 $17,948,804 $22,428,058
Total $58,307,141 $1,780,076 $175,203,368 $235,290,585

Summer on the Jersey Shore

Year to dateAtlantic City’s casino revenue from in-person gamblers is on the rise 24.2% and 5.4% compared to 2021 and 2019, respectively.

“We see the continuation of a global pattern of recovery for Atlantic City casino operators,” said Jane Bokunewiczdirector of the faculty of University of Stockon‘s Lloyd D. Levenson Institute of Gaming, Hospitality and Tourism.

Atlantic City casino operators are betting big on a busy summer in 2022. Over $600 million has been used or is intended for projects throughout the city. Several Atlantic City casinos are debuting renovated hotel rooms, updated gaming rooms and new restaurants and entertainment this summer.

“With the return of warmer weather and the promise of a strong summer tourist season on the horizon, we should expect to see physical game gross revenue gradually increasing month-over-month. as we head into the peak summer season,” Bokunewicz said.

Online sports betting adds to cart

Combined with online game ($136.9 million) and sport bets ($14.6 million), the total gaming revenue reported by Atlantic City casinos was nearly $386.8 million in April. NJDGE Says Last Month’s Total Gaming Revenue Has Increased 20.7% Year after year.

Including sports betting revenue from NJ-licensed racetracks, statewide gambling revenue was $422.5 million last month.

In the first four months of the year, online casino revenues exceeded $545.3 million and is 30% higher than last year. NJ’s online gambling is set to eclipse $1 billion of annual turnover for a second consecutive year.

NJ sports betting continued to take a significant amount of bets in April, bringing in just under $927 million in legal bets. More … than $863 million were bets placed online or through a mobile app, according to state data.