Atlantic City Casino Revenue Down Nine Percent in June Compared with 2019

Atlantic City casino brick-and-mortar revenue gaming revenue (GGR) totaled $214.5 meg inward June 2021. That’s a red of nine percent, or $21.5 million, compared with June 2019.

The headlines are indication as if the gaming securities industry inwards New Jersey’s gambling casino townsfolk is improve than ever. The Associated Press title reads, “Atlantic City Casino Win $345 gazillion inward June, New Monthly Record.”

That tape is largely due to iGaming and sports betting — II gaming verticals that are far less profitable than land-based operations.

But, the AP headline is nonetheless correct. Total GGR from land-based gaming, iGaming slots, tabulate games, and stove poker rake, and sports betting online and at casinos and horse racetracks, totaled $345 trillion inwards June. It’s the all-time highest GGR keep down for any June in the account of New Jersey’s gaming industry, which dates rearwards to 1978.

Breaking Down Numbers

Atlantic City’s niner casinos won $154.1 gazillion from slots and $60.4 gazillion on their table games last-place month. In 2019, those same 9 brick-and-mortar venues reported $168.3 meg inward expansion slot GGR, and $67.7 jillion from tables.

The surge in June 2021 gaming revenue is a ensue of ongoing increases inwards online play. Internet casinos won to a greater extent than $107 meg from gamblers lowest month. In 2019 — just now $38 million.

Sports betting has also drastically expanded o'er the past tense ii years. Sportsbook GGR in conclusion month was nearly $71.3 million. In 2019 — just now $9.7 million.

Total June 2019 GGR from all verticals was $283.7 million. While more than $61 jillion was won past gaming operators inward June 2021, that doesn’t needfully tight things are live and easily in Atlantic City.

The physical casinos part their iGaming and sports betting revenues with their third-party operators. It’s a fact that Hard John Rock Atlantic Ocean City President Joe Lupo says isn’t being reported accurately.

Atlantic City truly hasn’t seen handsome increases inward land-based revenue for quite an some time. It’s all around online and sports betting,” Lupo told WOND radio inwards January.

“We want to a greater extent transparentness inward how the third-party online companies are doing,” the Hard John Rock exec added. “We demand assist with these [Atlantic City] properties. We want to insure the metropolis revitalized, and that’s not sledding to occur when the media is reporting increases when they add together inwards online revenue, and that revenue is going to third-party companies that don’t have got any stake in the [Atlantic City] game.”

Others See Differently

Lupo might have a point, but others say $60 million inward additional revenue is more than plenty to piss upward for some of the land-based losses. And it’s worth pointing out that profits for Atlantic City casinos totaled $95.1 trillion inwards the number one billet of 2021. Eight of the niner casinos turned a profit, Bally’s beingness the exception.

“Atlantic City’s sum gaming revenue grew 24 percent compared to pre-pandemic June 2019,” New Jersey Casino Control Commission King James Plousis said inward a financial statement to Casino.org. “For ternion sequent months, its ontogeny has exceeded 20 percent compared with the strong results of 2019.

“I’ve seen first-hand that visitation to Atlantic Ocean City is on the rise, tourists are happy to be coming back, and the summer is away to a positively charged start,” Plousis concluded.