They are: Golden Nugget ($44.5 million, down 2.7%) Tropicana ($35.1 million, down 7.8%) Harrah’s (just over $25 million, down 10.4%) and Caesars (just over $22 million, down nearly 13%). They are: Borgata ($120.7 million, up over 29%) Hard Rock (nearly $54 million, up 2.8%) the Ocean Casino Resort (nearly $40 million, up nearly 14%) Bally’s (just over $20 million, up nearly 30%) and Resorts ($18.7 million, up 0.2%).įour casinos reported revenue declines compared with a year earlier. “A decreased reliance on exclusively in-person gaming activity has the potential to keep the New Jersey casino industry competitive with its neighbors and make it more resilient to market disruptions that might potentially occur in the future.”įor the month of August, five of the nine casinos reported increases in the amount of money won compared to a year earlier. “The relatively slow growth of brick-and-mortar gaming revenues compared to the increasing contribution of internet gaming to total revenue could potentially suggest a change in consumer behavior that doesn’t cannibalize in-person gaming but includes significant internet gaming activity,” she said. She noted that in-person casino winnings, while trailing the pre-pandemic level of August 2019, still exceeded every other August since 2015. Jane Bokunewicz, director of the Lloyd Levenson Institute at Stockton University, which studies the Atlantic City casino industry, called the casinos’ August performance “a solid showing.” Photo: ASSOCIATED PRESS/Wayne Parry Previous NextĬomparing results from the three summer months to the same period last year, Atlantic City’s casino winnings grew more than 6% and total gambling revenue exceeded $1.2 billion, up 9%, Plousis said. 16, 2022, New Jersey gambling regulators reported that the state's casinos, horse tracks that offer sports betting and the online partners of both types of gambling outlets won $470.6 million from gamblers in August, up nearly 10% from a year earlier. “The recent efforts to create impressive in-person experiences will continue to provide positive momentum going into the fall.”Ī man plays a slot machine at the Hard Rock Casino in Atlantic City N.J. “It has been a great summer for Atlantic City and the region,” said James Plousis, chairman of the New Jersey Casino Control Commission.
By some estimates, as much as 70% of internet and sports betting money is not retained by the casinos. Those revenue streams are misleading, casino executives say, because casinos do not get to keep all that money it must be shared with third parties including tech platforms and sportsbooks. Returning to pre-pandemic levels for in-person gamblers has been the main goal of Atlantic City’s nine casinos, regardless of the fact that money from internet and sports betting continues to grow. But that total still lagged behind the level of August 2019, before the coronavirus pandemic hit, when the total was more than $286 million. The amount of money won from in-person gamblers at casinos was nearly $274 million, up 4.4% from a year earlier. (AP) - New Jersey’s casinos, horse tracks that offer sports betting and the online partners of both types of gambling outlets won $470.6 million from gamblers in August, up more than 10% from a year earlier, according to figures released Friday by state gambling regulators.
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