Atlantic Metropolis on line casino income down the shore final month contained in the 9 brick-and-mortar gaming venues totaled just a little greater than $228 million. The retail win represented a 3.4% enchancment in October 2022 and continued the trade’s COVID-19 restoration.
A slot participant in Atlantic Metropolis gambles at Arduous Rock. Atlantic Metropolis on line casino income totaled $228 million in October 2023. (Picture: AP)
In contrast with October 2019, final month represented an almost 13% enchancment in legacy gaming, which is outlined as in-person gaming. The $228 million contains income received by bodily slot machines and desk video games in Atlantic Metropolis.
October wasn’t an exception, as 2023 has been good for the land-based casinos all through a lot of the yr. By means of 10 months, gross gaming income (GGR) for the 9 bodily casinos is $2.4 billion. That’s a 1.9% enchancment in 2022 and 6.5% higher than the identical 10 months in pre-pandemic 2019.
James Plousis, chair of the New Jersey On line casino Management Fee, instructed On line casino.org that final month was the second-best October in 12 years for brick-and-mortar properties.
Continued Development
Final month was additionally a robust exhibiting for New Jersey’s on-line casinos and oddsmakers that take bets in-person on the 9 casinos and three horse racetracks by way of the web by their third-party sportsbook platforms.
iGaming GGR, cash received from interactive desk video games, and poker got here in at $166.8 million — a 13.3% year-over-year leap. Oddsmakers received about $92.3 million of the practically $1.3 billion in bets wagered.
On-line on line casino income and sports activities betting proceed to increase within the Backyard State. Simply 4 years in the past, in October 2019, iGaming win totaled $45.2 million. Oddsmakers received $46.4 million that very same month.
The New Jersey gaming trade generated a GGR of $487.13 million in October 2023. The haul represents a 9.3% year-over-year premium and a 66% surge in October 2019.
Atlantic Metropolis’s latest investments within the on line casino inns and their points of interest, along with the energy of New Jersey’s on-line casinos, are proving to be a successful mixture for the gaming trade in addition to the financial system of the town, the area, and the state,” mentioned Plousis.
New Jersey is on the trail to surpass $5 billion in complete gaming income this yr, marking simply the third time in state historical past. Atlantic Metropolis received greater than $5 billion in each 2005 and 2006 when there have been 12 casinos in operation however no sports activities betting or iGaming.
Now the Dangerous
The New Jersey and Atlantic Metropolis gaming industries are thriving by most information factors. Nevertheless, there are some regarding numbers, particularly that six of the 9 casinos have received much less cash on their bodily flooring this yr than in 2019.
Solely Borgata, Arduous Rock, and Ocean, which respectively lead the Atlantic Metropolis on line casino trade, have received extra money this yr. The remainder have skilled gaming reductions.
2023 GGR — 2019 GGR (in hundreds of thousands)
- Borgata $619.2 — $595.5
- Arduous Rock $426.1 — $274.6
- Ocean $350.4 — $175.3
- Harrah’s $213.8 — $260.8
- Tropicana $201.7 — $255.7
- Caesars $195 — $224.6
- Resorts $138.6 — $150.1
- Bally’s $131.5 — $149.7
- Golden Nugget $124 — $167.6
By means of the primary half of 2023, essentially the most just lately reported quarterly studies, information from the New Jersey Division of Gaming Enforcement exhibits that on line casino income are down 20% from 2022. Nevertheless, all 9 casinos had been within the black.
