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New Jersey casinos generated $844.5 million in net revenue during the second quarter of 2026, a 0.9% increase from the same period last year.
However, gross operating profit fell 10.1% to $164.9 million. The results continued a trend from the first quarter, when profit declined nearly 23% despite revenue remaining relatively steady.
The latest figures indicate that expenses continued to grow faster than revenue across much of the Atlantic City casino industry.
Borgata leads as Ocean, Caesars increase profits
Borgata Hotel Casino & Spa remained Atlantic City’s most profitable casino during the second quarter, according to the New Jersey Division of Gaming Enforcement (DGE).
Its gross operating profit reached $60.1 million, accounting for more than one-third of the industrywide total, despite falling 4.7% from last year. Net revenue increased 3.6% to $218.4 million.
Ocean Casino Resort ranked second with $30.1 million in profit, up 12.2%, as net revenue climbed 9.2% to $142 million.
Hard Rock Hotel & Casino followed with $29.1 million in profit, down 10.5%, while its revenue slipped 0.9% to $148.4 million.
Caesars Atlantic City was the only other casino to increase profit. Its revenue rose 7.7% to $68.1 million, while profit improved 2.9% to approximately $13 million.
Gross operating profit declined across the remaining properties. Tropicana Atlantic City fell 8.7% to $13.6 million, Harrah’s Atlantic City declined 6.8% to $11.1 million, and Bally’s Atlantic City dropped 8.8% to $2.1 million. Golden Nugget’s Atlantic City profit decreased 43% to $2.9 million.
Resorts Atlantic City recorded the steepest decline. Revenue fell 20.3% to $39.6 million, while profit dropped 95.2% to $473,000.
First-half profit falls despite steady revenue
The gap between revenue and profitability widened during the first six months of 2026. Net revenue edged up 0.2% to $1.57 billion, while gross operating profit fell 15.5% to $269.6 million.
That left the industry approximately $49.6 million behind last year’s first-half profit total. Its gross operating profit margin also narrowed from 20.4% to approximately 17.2%.
Borgata led the market with $99.9 million in profit, despite a 10.2% decline. Hard Rock and Ocean followed at approximately $48.9 million each. Together, the three properties accounted for nearly three-quarters of the industry’s first-half profit.
Caesars increased first-half profit 11.1% to $17.9 million. Bally’s also improved from an $896,000 loss during the first half of 2025 to a $1.3 million profit this year.
The year-over-year profit decline moderated from 22.9% in the first quarter to 10.1% in the second. The stronger second-quarter comparison partially offset the steeper decline at the start of the year, leaving first-half profit down 15.5%.
Hotel occupancy improves during first half of 2026
Atlantic City casino hotel occupancy reached 73.2% during the second quarter, up 0.6 percentage points from last year. The average rate per occupied room was $171.71.
The DGE calculates that figure using reported room revenue, which includes the assigned retail value of complimentary stays.
Ocean recorded the highest occupancy rate at 87.1% and the highest average room rate at $269.24. Hard Rock followed with 86.4% occupancy, while Caesars reached 82.2%.
Across the first six months of 2026, casino hotel occupancy increased 1.2 percentage points to 69%. The higher occupancy accompanied modest revenue growth but did not prevent the decline in operating profit.
