November Revenue Cools in Atlantic City Casinos, But Stays Ahead of 2022
Based on the monthly income data published by state gaming authorities on December 15, the most hopeful interpretation of Atlantic City casino revenue for November is probably that it was almost unchanged.
According to the Division of Gaming Enforcement, the nine AC retail casinos recorded $215 million in revenue from in-person gamblers last month, a 0.2% increase YoY.
In November 2023, just three properties showed higher returns than in November 2022: Bally’s Atlantic City, Hard Rock Hotel & Casino Atlantic City, and Ocean Casino Resort.
Atlantic City Casinos Continue to Thrive While NJ Online Casinos and Sports Betting Take Off
Sports betting and online casinos in NJ greatly benefit the monthly results for Atlantic City, which have been consistent themes for the East Coast gambling mecca since the COVID-19 pandemic.
Just a little less than $419 million in total gaming revenue, including land-based, online, and sports betting, was reported by AC casinos and licensed online operators for November. This represents a 7.9% increase over the same month in 2022.
Online casinos made $171.6 million in revenue in May, which was their biggest month ever. Legal bets on sports reached over $1.6 billion, the largest monthly figure ever. Over $32.4 million in income from sports betting was attributable to AC casinos and their online/mobile partners, representing an 18.2% YoY increase.