Atlantic City Casinos Top $1 Billion In 2023 Revenue Despite Another Drop In May
Seven Atlantic City casinos reported less land-based gambling in May 2023 than a year earlier, continuing a concerning industry trend.
David Danzis is the former lead writer for PlayNJ. He is a New Jersey native and honors graduate of Rutgers University. As a newspaper reporter for the New Jersey Herald and Press of Atlantic City, David earned statewide awards for his coverage of politics, government, education, sports, and business. He served as PlayNJ’s Atlantic City “insider” and gaming industry expert on casinos, sports betting, and online gambling.
Seven Atlantic City casinos reported less land-based gambling in May 2023 than a year earlier, continuing a concerning industry trend.
The nine Atlantic City casinos saw a decline in operating profits in 2022. However, according to New Jersey state data, revenues increased from 2021.
The post-COVID trend of online gaming and sports betting making up for the revenue shortcomings at Atlantic City casinos continued in April.
New Jersey has a new hotline and a virtual conferencing for gamblers to voluntarily exclude themselves from the state’s betting activities.
New Jersey lawmakers advanced a bill Monday that would extend the legalization of NJ online casinos another 10-years for the billion-dollar industry.
Internet gaming generated nearly $142.6 million in February, according to official state data, falling just short of January's record.