Atlantic City casino revenue up 43% in February

ATLANTIC CITY, NJ (AP) — Atlantic City’s in-person casino revenue in February was 43% higher than a year ago, and just below February 2020 levels, just before the coronavirus pandemic hit. don’t knock.

Figures released Wednesday by the state’s Division of Gaming Enforcement show the nine casinos earned $212.4 million from in-person gamblers in February. This is around 3% less than their earnings in February 2020.

The amount of money won by gamblers who actually visit Atlantic City casinos is a closely watched metric these days as the industry enters the third year of the pandemic, especially with the lifting of limits occupation and the end of mask mandates.

“Popular holiday weekends such as Presidents’ Day and Valentine’s Day, and diminished public concern about public health threats related to COVID-19 may have given the numbers a boost. physical play,” said Lloyd Levenson director Jane Bokunewicz. Institute at the University of Stockton, which studies the Atlantic City casino industry. “Further relaxation of pandemic precautions nationwide gives us hope that the spring of 2022 will bring operators back to a pre-pandemic operating environment.”

When internet gambling and sports betting money is included, the February total for casinos and the three racetracks that accept sports bets rose to $373.2 million, an increase of 29. 5% compared to last year.

“The Casino Association of New Jersey is very pleased with the industry’s performance over the past month,” said Joe Lupo, president of the trade organization and also of Hard Rock Casino. He called February “one of the best months the industry has seen since our casinos reopened in 2020. We attribute this growth in part to the warmer weather we experienced on the Jersey Shore following the fall record snowfall in January”.

All nine casinos posted revenue increases from a year ago. The Borgata recorded the highest total revenue, including internet betting and sports betting, at $94.3 million, up 39.5% from February 2019.

Hard Rock was next with $44.7 million, up more than 53%; Ocean Casino Resort won $30.8 million, up more than 41%; Tropicana took home $26.1 million, up 18.5%; Harrah’s took home $19.5 million, up more than 30%; Caesars took home $19.1 million, up more than 41%; Resorts earned $13.3 million, up more than 45%; Golden Nugget Won $12.9 Million, Up Over 45%; and Bally’s took home $12.1 million, up more than 69%.

Among internet-only entities, Resorts Digital won $38.5 million, up more than 40%; Golden Nugget Online Gaming Won $34.9M, Up 25.5%; and Caesars Interactive NJ took home over $10 million, up 17.6%.

Internet gambling revenue reached nearly $130 million, up 38.6% from a year ago.

Sports betting revenue saw a rare drop in New Jersey, which was the national leader until New York began taking mobile sports betting in January to lead the market. Sports betting revenue was $30.8 million in February, down more than 33% from a year earlier, when New York was not in the picture for online sports betting, which account for well over 80% of such bets nationwide.

New Jersey casinos and tracks took more than $985 million in sports bets in February, an increase from the nearly $743 million they took in February 2021. But they kept fewer of those bets after paying for winning tickets and other expenses.

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