Atlantic City Casino Revenue Tops 2019 Numbers in April, But Inflation Clouds Industry Health

Atlantic City casino revenue in April 2022 bested the industry’s brick-and-mortar public presentation in the same month prior to the pandemic. The Apr revenue story demonstrates that the industry is amid a continued recovery, as the gaming town’s fussy summer flavor nears.

Numbers released today past the New island of Jersey Division of Gaming Enforcement (DGE) reveal that gambling casino receipts gaming revenue (GGR) from land-based trading operations totaled $235.2 jillion in conclusion month. That is up 24% from April 2021, and to a greater extent than 13% best than the $207.6 million the same Nina from Carolina casinos won on their brick-and-mortar floors in April 2019.

Atlantic City’s gambling casino win and add gaming revenue outperformed the same period cobbler's last twelvemonth and fifty-fifty surpassed pre-pandemic levels,” New island of Jersey Casino Control Commission Chair William James Plousis told Casino.org. “Compared to Apr 2019, casino win grew more than 13% and total gaming revenue grew an impressive 54%.

“Regional tourism is rebounding and impulse is building for a promising bug out of the summer flavour later this month,” Plousis concluded patch referencing May’s Memorial Day — often cited as the unofficial take up of the Atlantic Ocean City summer.

Retail one-armed bandit win last-place month totaled $175.2 million, patch tables generated a small more than $60 gazillion for the house. Those verticals respectively won $138 1000000 and $51.6 trillion in Apr 2021.

MGM Resorts’ Borgata continues to dominate the Atlantic City gaming industry. The Marina District dimension reported land-based GGR of $61.6 million. Hard John Rock was a removed second at $40.6 million.

Industry Flourishing

Along with the brilliant Apr describe for Atlantic City casinos, the DGE filing shows that iGaming continues to prosper despite some gamblers returning to in the flesh(p) gaming. Internet GGR totaled nearly $136.8 trillion cobbler's last month — 27% best than shoemaker's last year, and a staggering 71% higher than Apr 2020, when Atlantic City was shut on land pandemic orders.

Sports betting revenue, including in-person and peregrine wagering, totaled approximately $50.3 million. That revenue includes sports betting receipts generated past the state’s trey Equus caballus racetracks that offer sports betting.

Sportsbooks were a lone obscure pip on the April report, as the keep down represents an 8% decline from April 2021. However, sports betting income shoemaker's last month was more than forked what oddsmakers won inwards April 2019.

All combined, Apr ’22 gaming revenue totaled $422.5 million. That is 20% higher than Apr ’21, and almost 60% best than April ’19.

Cautiously Optimistic

April was only if the 2nd time that Atlantic Ocean City casinos reported better-than-2019 same-month revenue since the pandemic started inwards early 2020.

While COVID remains a concern, the public seems to follow returning to pre-pandemic social behaviour by attending large gatherings, traveling more, and socializing with friends,” said Jane Bokunewicz, theatre director of Frank Stockton University’s Harold Lloyd D. Levenson Institute of Gaming, Hospitality and Tourism.

Casino Association of New Jersey and Hard Rock President Joe Lupo added to the Associated Press that April was “encouraging as we relocation forrard to our busier summer season.”

Inflation, however, somewhat pauses any solemnization that Atlantic Ocean City is live and well. With rising prices figured in, the $207.6 trillion won by the casinos on their physical floors inward Apr 2019 is today the eq of $234.8 jillion — nearly inward railway line with the $235.2 trillion won last month.