Atlantic City Casino Revenue Cools In November, Remains Ahead Of ’22

Written By David Danzis on December 15, 2023 - Last Updated on January 19, 2024
resorts hard rock and ocean atlantic city casinos

Atlantic City casino revenue was basically flat in November, which is probably the most optimistic take on the monthly revenue figures released Friday by state gaming regulators.

The nine Atlantic City casinos collectively reported $215 million in revenue from in-person gamblers last month, a year-over-year increase of 0.2%, according to the Division of Gaming Enforcement.

Only three properties — Ocean Casino Resort, Hard Rock Hotel & Casino Atlantic City and Bally’s Atlantic City — posted better returns in November 2023 than in November 2022.

Atlantic City casinos still thriving while NJ online casinos, sports betting take off

The monthly results coming out of Atlantic City are buoyed by NJ online casinos and sports betting in NJ, which has been a recurring theme for the East Coast gambling hub in the post-COVID era.

Total gaming revenue — the sum of land-based, online and sports betting — reported by the AC casinos and licensed online entities last month was just a tick under $419 million, a 7.9% increase over the same month in 2022.

Online casinos had their best month ever, generating $171.6 million in revenue. Sports betting attracted more than $1.6 billion in legal bets, the highest monthly total ever. Sports betting revenue attributed to AC casinos and their online/mobile partners was more than $32.4 million in revenue, an 18.2% YoY increase.

AC casinos ahead of 2022 pace as year closes

Borgata Hotel Casino & Spa, an MGM Resorts property, remains the Atlantic City market leader. However, the digital breach in September continues to impact the company’s casinos across the country, including in NJ.

The Marina District property reported $51.7 million in Atlantic City casino revenue from in-person gamblers, a 6.1% decline from 2022. For the year, Borgata has reported $671 million from in-person gamblers, putting it roughly 1.1% ahead of last year’s pace.

CasinoTotal Gaming WinTable GamesPokerSlot Machines
Hard Rock$41,413,678$13,160,320---$28,253,358
Ocean Casino$31,425,129$6,848,838---$24,576,291
Golden Nugget$11,002,094$2,090,878---$8,911,216

Hard Rock generated $41.4 million last month, a solid 16.7% YoY increase. Year-to-date, Hard Rock netted $467.6 million, putting the casino 2.8% ahead of its 2022 pace.

Ocean has been the AC market’s biggest mover in 2023. The Boardwalk casino generated $31.4 million in revenue last month, a 1.4% increase from November 2022. Year-to-date, Ocean’s $381.9 million is up 16.7% compared to 2022.

The three AC casinos operated by Caesars Entertainment each generated less than $20 million in monthly in-person gambling revenue. Caesars AC posted $17.5 million in revenue, down 7.7% from 2022. Harrah’s Resort AC reported $19.4 million, a 7.6% YoY decrease. Meanwhile, Tropicana AC dipped nearly 7% in November compared to a year prior, with revenue of $17.9 million.

Bally’s Atlantic City took a step forward in November, posting the market’s largest percentage increase. Bally’s reported $12 million in revenue, an increase of 20.4% year-over-year.

The city’s first casino, Resorts Casino Hotel, is having an off year. The Boardwalk casino netted just below $12.5 million last month. For the year, Resorts’ in-person gaming revenue is down 3%.

Golden Nugget Atlantic City, the city’s smallest casino hotel, generated $11 million last month, reporting just over $135 million in annual revenue, reflecting a 2.1% YoY decrease.

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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