Atlantic City Casinos End Summer On Top, Totaling $280 Million In Revenue

Written By David Danzis on September 15, 2023
atlantic city casinos skyline at dusk

Atlantic City casinos reported a slim year-over-year increase in table games and slot revenue in August, according to the New Jersey Division of Gaming Enforcement.

The nine Atlantic City casinos reported $280.3 million in land-based gambling revenue last month, outperforming August 2022 by a narrow margin (+$6.3 million, +2.3%). Five of the nine Atlantic City casinos posted Y-o-Y increases last month, according to the NJDGE data.

Year-to-date, land-based gambling revenue by AC casinos is nearly $1.93 billion. That figure is 2.3% ahead of the $1.88 billion reported through the same period last year.

Total gaming revenue (sum of land-based, online casino and sports wagering) reported by the AC casino licensees topped $502.3 million for the month, up 16% compared to August 2022.

Borgata Hotel Casino & Spa, which celebrated its 20th anniversary this summer, remains the Atlantic City market leader. The Marina District casino kept $73 million from in-person gamblers, a 1.5% increase over August 2022. For the year, Borgata has reported $508.1 million, putting it 4.9% ahead of last year’s pace.

Hard Rock Hotel & Casino and Ocean Casino Resort both celebrated their five-year anniversaries in the summer of 2023.

Hard Rock generated $50.7 million last month, a 10.7% Y-o-Y increase. Through August, Hard Rock netted $338 million, ahead of 2022 by 0.4%.

Ocean’s success is no longer in question as the property once known as Revel has solidified itself in the top tier of the AC market. The Boardwalk casino generated $39.6 million in revenue last month, an 8.1% increase over August 2022. Year-to-date, Ocean’s $267.5 million is up 12.7% compared to 2022.

The three AC casinos operated by Caesars Entertainment each generated more than $20 million in monthly in-person gambling revenue again in August. Caesars AC posted $22 million in revenue, up 1.6% over 2022. Harrah’s Resort AC reported $24.5 million, a 1.8% Y-o-Y decline. Tropicana AC dipped 4.4% in August ’23 compared to a year prior, with revenue of $24.7 million.

The city’s first casino, Resorts Casino Hotel, sits atop the lower third of the market. The Boardwalk casino netted $17.6 million last month, a decrease of nearly 5% from 2022. Resorts is a few million shy (-3.2%) of last year’s total through August. Year-to-date, Resorts has generated almost $114 million.

Bally’s Atlantic City stumbled a bit to close out the summer but the casino has been trending upward for most of the year. Bally’s reported $15 million in revenue, dropping nearly 5% year-over-year. Through August, Bally’s AC is down 0.2% over last year with nearly $106 million in revenue.

Golden Nugget Atlantic City is the city’s smallest casino hotel. It generated roughly $13.2 million last month, a 1.6% increase from a year earlier. Golden Nugget has yet to hit the $100-million mark for in-person gambling revenue in 2023, reporting $99.2 million through August.

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David Danzis

David Danzis is the 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. Today, he is PlayNJ’s Atlantic City “insider” and gaming industry expert on casinos, sports betting, and online gambling. David lives in Atlantic County, NJ with his wife and two children.

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