Atlantic City Retail Casinos See Revenue Increase of More Than 5%
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After posted the second-highest-grossing month in the state’s history in May 2024, revenue from retail casinos, including table games and slots, also saw a noticeable increase.
According to the New Jersey Division of Gaming Enforcement, table games and slots saw a 5.2% increase year over year in May 2024. The report also showed that five of the nine casinos in the city were ahead of where things were in May 2023.
In all, gambling revenue at retail casinos came in just over $239 million.
The NJ chairman of the NJ Casino Control Commission, James Plousis, said that the May report showed “continuing stability with positive results in all three components — casino win, internet gaming win, and sports wagering revenue.”
“Casino win recorded its best May result in eleven years, aided by the best slot machine win since 2012,” he added.
Hard Rock Atlantic City posted a massive gain, pulling in revenues of about $49.9 million, a 28.6% increase year over year. The annual revenue is now up to $213.8 million.
Borgata Atlantic City was the biggest winner with $61.4 million, but that was a 1.5% increase year-over-year. Thus far, they’ve pulled in $287.6 million, which is 2.8% behind where they were at this time last year.
More impressively, though, Borgata has now led all Atlantic City casinos for 46 straight months. It’s been at the top since July 2020.
Ocean Casino was the third-best performer, with close to $32 million. They’ve hauled in nearly $166 million, which is 6.6% higher than 2023’s figures.
Full Breakdown of All AC Casinos
Here’s a full breakdown of all nine casinos:
- Borgata: $61,394,620
- Hard Rock: $49,865,079
- Ocean Casino: $31,983,947
- Tropicana: $20,096,791
- Harrah’s: $18,246,631
- Caesars: $17,960,386
- Resorts: $13,605,932
- Golden Nugget: $13,551,743
- Bally’s: $12,425,975
Year-Over-Year Performance Per Brand
Now, here’s how each performed year-over-year:
- Borgata: Up 1.5%.
- Hard Rock: Up 28.6%
- Ocean Casino: Up 6.6%
- Tropicana: Down 7%
- Harrah’s: Down 4.2%
- Caesars: Down 2%
- Resorts: Up 1.2%
- Golden Nugget: Up 7.1%
- Bally’s: Down 5.8%
Overall, New Jersey's total gambling revenue was about $467.2 million. Now, we look ahead to June 2024’s figures to see if the retail casinos can build on this momentum.
