Atlantic City casino revenues were, as might be expected, higher in August compared to the previous year when COVID-19[female[feminine the restrictions hampered business.
Along with the gains from online casinos and sports betting, the state’s gambling industry has experienced a 31% year-over-year increase, according to data from the New Jersey Division of Gaming Enforcement.
Statewide total gambling revenues were close to $ 427.7 million in August 2021.
The revenues of the Atlantic City casino were $ 397.7 million last month a 31.1% increase from August 2020. All three NJ racetracks with sports betting reported $ 52 million of revenue, a 31.7% year-on-year jump.
“The August results provided valuable insight into the trajectory of total gaming revenue after last year’s pandemic-related closures, although the periods are not perfectly comparable,” said New Jersey Casino Control Commission President James Plousis. “As of August 2020, all Atlantic City casino hotels were open, but business was affected by capacity restrictions and other limitations.”
|Casino||Table & Other||Poker||Slot machines||Total game gain|
|by Bally||$ 4,924,999||$ –||$ 10,534,213||$ 15,459,212|
|Borgata||$ 9,052,908||$ 1,287,267||$ 41,721,816||$ 52,061,991|
|Caesars||$ 6,333,920||$ –||$ 18,477,370||$ 24,811,290|
|Gold nugget||$ 3,470,573||$ –||$ 12,428,554||$ 15,899,127|
|Hard rock||$ 14,003,528||$ –||$ 31,724,686||$ 45,728,214|
|Harrah’s||$ 6,180,178||$ 356,464||$ 21,388,177||$ 27,924,819|
|Ocean Casino||$ 9,059,246||$ –||$ 24,101,261||$ 33,160,507|
|Resorts||$ 3,249,447||$ –||$ 15,175,015||$ 18,424,462|
|Tropicana||$ 6,219,020||$ 232,170||$ 22,483,191||$ 28,934,381|
|Total||$ 62,493,819||$ 1,875,901||$ 198,034,283||$ 262,404,003|
Atlantic City Casino 2021 Revenue Compared to 2019
Pandemic restrictions in place last August included a ban on indoor eating, mask and social distancing warrants, and a 25% capacity limit for casinos. Additionally, COVID vaccines were not yet available.
A more appropriate comparison for last month’s income figures is August 2019.
Total gambling revenues in August 2021 were $ 58.8 million higher than two years ago, an increase of 17.4%.
However, the growth was primarily driven by online gaming and sports betting, as land-based revenues were down for seven of Atlantic City’s nine casinos.
Last month’s $ 113.2 million from online games was $ 72.1 million (+ 175.5%) more than in 2019. Atlantic City’s sports betting revenue nearly doubled from $ 11.3 million to $ 22 million.
Meanwhile, Atlantic City casino table games and slots revenue stood at $ 262.4 million in August 2021. That is a drop of over $ 24 million, or 8,. 4%, compared to 2019.
AC casinos still recovering
Year-to-date, in-person gambling is down $ 177.56 million, or 9.7%, from 2019. As of August, Atlantic City casino revenue from tables and slot machines total nearly $ 1.65 billion.
“Although land-based gaming revenue has approached 2019 performance levels in recent months, the industry is still trying to make up for lost ground since the start of the year when pandemic-related circumstances wiped out the business of game in person, “said Jane bokunewicz, coordinator of Stockton University‘s Lloyd D. Levenson Institute of Gaming, Hospitality and Tourism (LIGHT).
Alone Hard Rock Hotel & Casino Atlantic City and Ocean Casino Resort Outperform 2019 in terms of land-based gaming revenue.
Hard Rock Casino’s $ 279.8 million payout through August is 26.8% higher than in 2019. Ocean’s $ 192.6 million is a 41.4% jump from to two years ago.
AP Photo / Wayne Parry