Six Retail Casinos In Atlantic City See Revenue Decreases Year-Over-Year
Land-based casino revenue in Atlantic City took a hit in April, and data released by the New Jersey Division of Gaming Enforcement shows there was a 6.3% decrease year-over-year.
In April 2024, retail casinos reported $216.8 million from table games and slots. Six casinos in the area reported year-over-year decreases, while only two saw increases of less than one percent.
To this point in 2024, retail casinos have generated $872.9 million. That number puts them slightly behind what the state accomplished last year ($886.8 million).
Atop the leaderboards for April was Borgata, with nearly $58.4 million. This number was a 0.5% decrease year-over-year. Additionally, they’re behind this year compared to 2023 by 3.9%. To this point, they’ve reported $226.2 million in winnings.
Hard Rock Hotel & Casino saw an increase. They generated $41.1 million which is a six percent increase. They’ve also generated $164 million to this point which is an even bigger increase of 7.7% compared to this time last year.
Those two sit atop the charts, but here’s how others performed:
- Ocean Casino Resort: Took a stumble after seeing consistent growth since 2021. This April, they brought in $28.9 million in revenue, a 15.6% decrease year-over-year. Still, compared to last year, they’re up 6.4%, bringing in over $133 million in 2024.
- Caesars Atlantic City: $16 million in revenue, down 18.4% compared to April 2023.
- Harrah’s: $16.4 million in revenue, down 24.9% year-over-year.
- Tropicana: $17.7 million in revenue, down 9.2%.
- Bally’s: $13.1 million in revenue, down five percent year-over-year. Bally’s is also down 5.4% compared to last year, with $45.6 million in revenue.
- Golden Nugget: $12.7 million in revenue, down 3.1% year-over-year.
- Resorts Casino Hotel: $12.5 million in revenue, up 0.1% year-over-year.
While retail-based casinos seem to be up and down, to say the least, NJ online casinos are just the opposite.
In April 2024, online casinos saw an 18% increase in revenue year over year. Together, online casinos and retail ones generated close to $188 million, which was the second-highest monthly total ever recorded in New Jersey for gambling revenue.
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