Casinos in Atlantic City Earned $215.6 million in December, a 9% Annual Growth
For the casinos in Atlantic City, December was a significant month, concluding an equally noteworthy year for retail casino income.
The city’s nine casinos brought in $215.6 million in gross gaming revenue (GGR), which was their highest December total in ten years, according to information from the New Jersey Division of Gaming Enforcement (NJ DGE).
GGR for the year was $2.79 billion, an increase of 9% from $2.55 billion in 2021.
Total monthly gaming income, which includes sports betting and iGaming, increased by 12.5% YoY to $454.8 million from $404.1 million in the previous month. As a result, YTD gaming revenue amounted to $5.21 billion, an increase of 10% over 2021 ($4.74 billion).
In terms of table games, slots, and poker, Borgata Hotel Casino & Spa led the state with GGR of $60.5 million in December. From November to December 2021, its revenue climbed by 10% and 11.4%, respectively.
After a weak November, Hard Rock Hotel Casino in Atlantic City ($37.5 million; +5.4% YoY) recovered, posting monthly and annual gains. Although it outperformed last December’s numbers ($29.5 million; +11.3% YoY), Ocean Casino Resort saw a decline from November’s $31 million in GGR.
In December, the GGR decreased year over year at the five casinos listed below:
- Harrah’s with $20,2 million (-15% YoY)
- Tropicana with $18.3 million (-5.4% YoY)
- Caesars with $16.6 million (-12.8% YoY)
- Resorts with $11.2 million (-2.4% YoY)
- Bally’s $11 million (-1.9% YoY)
Take a look at the December 2021 revenue report to see the bigger picture of the NJ gambling sector.