Atlantic City Casino Revenue Up 17.2% From 2021, Still Behind 2019

Atlantic City Casino Revenue Up 17.2% From 2021, Still Behind 2019

In-person gambling revenue increased at all nine Atlantic City casinos last month. Online gambling generated a new monthly record. New Jersey sportsbooks took over $1 billion in bets for the sixth time in the last seven months.

Online casinos in NJ generated $140.65 million last month. Sportsbooks partnered with AC's casinos reported over $25.6 million. Total gambling revenue reported by the casinos increased nearly 18% compared to March 2021.

Atlantic City Casino Revenue Up 17.2% From 2021, Still Behind 2019. In-person gambling revenue is up more than 24% over 2021 and 2.6% from 2019, but land-based revenue from slot machines and table games is down less than 3%. Most casinos saw in-Person gambling revenues declines of between 9% and 28%.

Atlantic City Casino Revenue Up 17.2% From 2021, Still Behind 2019. Amount of money gambled also dipped last month compared to March 2019, but slot machines gambles were up by 6%, table game bets by 15%.

In February 2020, Atlantic City casinos reported 26,686 jobs. In February 2022, the casinos had 21,842 jobs, which includes an unknown number of employees on a leave of absence. The summer season is traditionally a period with higher demand for in-person gaming.

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New Jersey Superior Court Atlantic County Law Division discarded a law amendment that allowed a considerable tax relief for Atlantic City casino industry:

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