Casinos in Atlantic City Start the Summer Season with Over $240 Million in Sales in June
As in-person gaming revenue rose for the majority of the market in June, Atlantic City casinos enjoyed a great start to the busiest season.
The New Jersey Division of Gaming Enforcement figures released on July 14 showed an increase in casino revenue in AC of 5.4% from June 2022. Casinos in AC recorded total revenue from slots and table games of over $241.5 million. According to the New Jersey Division of Gaming Enforcement study, five out of the nine casinos reported business growth over 2022.
Ahead of last year’s pace, AC casinos have produced more than $1.35 billion in brick-and-mortar revenue so far this year. Through the first half of 2022, Atlantic City casinos brought in a little bit more than $1.31 billion in revenue.
Revenue from online gambling, as reported by Atlantic City casinos and their digital affiliates, increased by more than 12% in June. Nearly $149.3 million was generated in June by the Atlantic City casino license holders and their online collaborators. Only February ($142.6M) had a lower monthly total in 2023 than this one. Online gambling in New Jersey currently accounts for more than 37% of the state’s total gaming income, the greatest share in the market’s 10-year history.
The money made through sports betting went up considerably in June. According to the New Jersey Division of Gaming Enforcement, sportsbooks of NJ made close to $66.4 million on more than $591 million in lawful bets. A total of $35.7 million of that income was recorded by Atlantic City casinos and their sports betting affiliates, an increase of 135.1% year-over-year.