Atlantic City casinos stumbled a bit in April, as the majority of the resort’s gambling parlors saw in-person gambling revenues decline compared to a year ago.
According to recent data released by the New Jersey Division of Gaming Enforcement, Atlantic City casino revenue was down 6.3% last month compared to April 2023. Casinos collectively reported more than $216.8 million from table games and slot machines. Six of the city’s nine casinos posted year-over-year decreases while two properties posted YoY gains of less than 1%.
Year-to-date, AC casinos have generated nearly $872.9 million in brick-and-mortar revenue, putting the industry slightly behind last year’s pace. Through the first four months of 2023, casinos in Atlantic City generated slightly more than $886.8 million in revenue.
Familiar name atop Atlantic City casino revenue charts
Borgata Hotel Casino & Spa remains the market leader in terms of Atlantic City casino revenue. The Marina District casino kept $58.4 million from in-person gamblers, a 0.5% increase over April 2023. For the year, Borgata Atlantic City has reported $226.2 million in retail-based revenue, putting it 3.9% behind last year’s pace.
Hard Rock Hotel & Casino generated $41.1 million last month, a 6% YoY increase. Through April, Hard Rock Atlantic City netted $164 million, putting it ahead of 2023 by 7.7%.
Ocean Casino Resort fell back a bit in April after near-continuous growth dating back to summer 2021. The Boardwalk casino generated $28.9 million in revenue last month, a 15.6% decline from April 2023. Year-to-date, Ocean’s $133.7 million is up 6.4% compared to 2023.
The three AC casinos operated by Caesars Entertainment each generated more than $16 million in monthly in-person gambling revenue in April. Caesars Atlantic City posted $16 million in revenue, down 18.4% from April 2023. Harrah’s Resort Atlantic City reported $16.4 million, a 24.9% YoY decrease. Meanwhile, Tropicana Atlantic City dipped a bit in April ’23 compared to a year prior, with revenue of $17.7 million (-9.2%).
| Casino | Total Gaming Win | Table Games | Poker | Slot Machines |
|---|---|---|---|---|
| Borgata | $58,386,117 | $15,521,160 | $1,168,798 | $41,696,159 |
| Hard Rock | $41,131,471 | $11,955,830 | --- | $29,175,641 |
| Ocean Casino | $28,882,462 | $7,041,346 | --- | $21,841,116 |
| Tropicana | $17,702,267 | $4,416,415 | $135,816 | $13,150,036 |
| Harrah's | $16,409,780 | $3,532,078 | $204,008 | $12,673,694 |
| Caesars | $16,028,368 | $4,486,086 | --- | $11,542,282 |
| Bally's | $13,119,845 | $4,459,706 | --- | $8,660,139 |
| Golden Nugget | $12,719,821 | $2,746,176 | --- | $9,973,645 |
| Resorts | $12,453,874 | $2,390,696 | --- | $10,063,178 |
| Total | $216,834,005 | $56,549,493 | $1,508,622 | $158,775,890 |
Breaking down the lower tier of AC casinos
Bally’s Atlantic City sits atop the lower third of the market. Bally’s reported $13.1 million in revenue, dropping 5% year-over-year. Through April, Bally’s AC is down 5.4% over last year with nearly $45.6million in revenue.
The city’s smallest casino hotel, Golden Nugget Atlantic City, generated just over $12.7 million last month, a 3.1% decline from a year earlier.
The city’s first casino, Resorts Casino Hotel, brought up the rear in April. The Boardwalk casino netted $12.5 million last month, an increase of 0.1% over 2023.
NJ online casinos still growing
Internet gaming revenue reported by AC casinos and their digital partners was up more than 18% year-over-year in April. The land-based properties and their NJ online casino partners generated just under $187.9 million last month. It was the second-highest monthly total ever for NJ online casino revenue.
Sports betting revenue attributed to AC casinos declined in April. NJ sportsbooks generated nearly $106.3 million in revenue on more than $1.04 billion in legal wagers, according to the NJDGE. AC casinos and their sports betting partners reported $29.9 million of that revenue total, a 2% YoY decline.
Total gaming revenue — the sum of AC casino, internet gaming and sports betting revenues — for the month was more than $434.6 million, a YoY increase of 3.3%. Through the first four months of 2024, the industry has reported more than $1.77 billion in revenue, which is nearly 9.2% more than the total in the first part of 2023.
