New Jersey Reveals April Results, With Revenue Going Up
According to this report, nine casinos operating in Atlantic City generated combined gross gaming revenue of $265.4 million, which represents an increase of 23.8%. At the same time, takings from online gambling improved by 58.9% to $36.6 million.
The city’s casino win jumped to $207.6 million, which represents an 8.4% rise when compared to the same month of 2018. The report reveals that takings from sports betting reached $21.2 million.
April is the eleventh month in a row that the state’s casino market ends with growth, although only one venue – Borgata Hotel Casino and Spa – recorded an increase in the land-based win. This venue generated $53.3 million in revenue, which is a slight increase of 0.5%
Golden Nugget Atlantic City witnessed its land-based win fall by 23-4% to $15.4 million. However, its online gaming operations performed well, improving by 70.3% to $13.8 million. The digital arm of Resorts Casino Hotel saw its revenue jump by 96.7% to $7.1 million, while its land-based operations dropped by 25.7% to around $12.8 million.
The overall results were pretty much the same for Caesars Atlantic City and its digital arm – the Caesars Interactive NJ. And while the land-based decreased by 24% to $22 million, online improved by 30.5% to $4.5 million.
Tropicana Casino and Resort Atlantic City saw its land-based drop by 13% to $24 million, while the venue’s online operation ended the month with a 16.2% increase, or $3.6 million.
Online Performed Far Better
Caesars Entertainment Corporation-owned Bally’s Atlantic City experienced pretty much the same month, with its land-based casino win for April going down by 7% to around $14.1 million. It still managed to bring $351,363 from sports betting, while its overall monthly gaming went down by 4.7% to $14.5 million.
Harrah’s Resort Atlantic City ended April with land-based casino win of $27.1 million, which is 6.6% less than in the same month of the previous year. At the same time, the venue’s gaming revenues dropped by 6.3% to $27.2 million.
The report also revealed that Ocean Resort Casino, which was reopened in June last year, generated over $15.1 million in casino win during April, while its online and sports betting boosted its overall gaming revenue to $16.3 million.
Hard Rock Hotel and Casino Atlantic City had even better performance, with its land-based operation recording win of $23.3 million. The overall gaming revenue of this venue reached $25 million thanks to online and wagering on sports.
New Jersey’s two land-based sportsbooks located outside Atlantic City, Meadowlands Racetrack ended April with $12.1 million in revenue, while Monmouth Park Racetrack’s overall result for this month was lower at $2.5 million.
The NJ Division of Gaming Enforcement revealed that the state had recorded $1.03 billion in combined gaming revenues since the year kicked-off. This result represents an increase of 27.3% when compared to the corresponding period of 2018. April also contributed some $23 million in tax.
- World Casino News: https://news.worldcasinodirectory.com/igaming-helps-atlantic-city-casino-market-to-record-a-successful-april-66496
- Press of Atlantic City: https://www.pressofatlanticcity.com/news/press/casinos_tourism/april-revenue-numbers-for-atlantic-city-casinos-to-be-released/article_e0ab80c4-d26f-5f07-ae53-f721d3b92713.html