Atlantic City Casinos On The Rise? Most See Revenue Increase
With booming in the Garden State, there’s been growing concerns over the “health” of retail casinos, but March showed that there’s still plenty of hope for the brick-and-mortar sites.
March 2024 revenue showed that eight of the nine casinos in town increased their revenue year-over-year, and it was the best month for retail casinos since 2012 when there were 12 casinos in Atlantic City.
That said, only two operators improved if you compare March 2024 to March 2019. Of course, the marker there is pre-COVID versus post-COVID.
In March 2024, casinos in Atlantic City generated $239.8 million in revenue, a 4.9% increase year-over-year.
Also, if you account for retail casino play, online casino play, and sports betting, the state generated over $468 million, a 6.1% increase compared to March 2023.
Remember, there was one retail casino that didn’t see the improvement, and that was Borgata Atlantic City. They saw an 8.1% decrease year-over-year. It generated $56.5 million, and its revenues are down 5.4% compared to the first quarter (three months) of last year.
The top retail casino in terms of year-over-year improvement was Ocean Casino. It generated $40.7 million from slots and tables which marked a 17.6% gain.
- Ocean Casino: $40.7 million (17.6% gain)
- Hard Rock: $44.4 million (11% gain)
- Bally’s: $11.7 million (11.2% gain)
- Golden Nugget: $13.7 million (11.4% gain)
- Resorts: $13.4 million (5.9% gain)
- Caesars Atlantic City: $18.5 million (7.9% gain)
- Tropicana: $19.8 million (2.5% gain)
- Harrah’s: $21 million (2% gain)
- Borgata: $56.5 million (8.1% loss)
