Land-Based Gambling Revenue Slides Back For Most Atlantic City Casinos In April

Written By David Danzis on May 20, 2024
Image of gamblers play slots at Hard Rock Atlantic City for a story on the April 2024 revenue report for Atlantic City casinos.

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%).

CasinoTotal Gaming WinTable GamesPokerSlot Machines
Hard Rock$41,131,471$11,955,830---$29,175,641
Ocean Casino$28,882,462$7,041,346---$21,841,116
Golden Nugget$12,719,821$2,746,176---$9,973,645

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.

Photo by Wayne Parry / AP Photo
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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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