Atlantic City cassino revenue push down the shoring endure month inside the ennead brick-and-mortar gaming venues totaled a minuscule more than $228 million. The retail win represented a 3.4% betterment on Oct 2022 and continued the industry’s COVID-19 recovery.

Compared with Oct 2019, last-place month represented a nearly 13% betterment inward legacy gaming — outlined as in-person gaming. The $228 billion includes revenue won past physical one-armed bandit machines and tabulate games inward Atlantic City.

October wasn’t an exception, as 2023 has been goodness end-to-end most of the yr for the land-based casinos. Through 10 months, receipts gaming revenue (GGR) for the ennead physical casinos stands at $2.4 billion. That’s a 1.9% improvement on 2022 and 6.5% better than the same 10 months inwards pre-pandemic 2019.

James Plousis, chairman of the New island of Jersey Casino Control Commission, told Casino.org that endure month was the second-best October inward 12 years for the brick-and-mortar properties.

Continued Growth

Last month was also a warm showing for New Jersey’s online casinos and oddsmakers that occupy bets in the flesh(p) at the IX casinos and troika gymnastic horse racetracks, positive via the internet through and through their third-party sportsbook platforms.

iGaming GGR, money won from interactive tabularise games and poker, came in at $166.8 billion — a 13.3% year-over-year jump. Oddsmakers won near $92.3 trillion of the nearly $1.3 1000000000 inward bets wagered.

Online cassino revenue and sports betting uphold to expand inwards the Garden State. Just quaternary years ago, inward Oct 2019, iGaming win totaled $45.2 million. Oddsmakers won $46.4 jillion that same month.

All combined, the New island of Jersey gaming industry generated GGR of $487.13 jillion inwards October 2023. The hale represents a 9.3% year-over-year insurance premium and a 66% surge on October 2019.

Atlantic City’s recent investments inward the cassino hotels and their attractions, together with the strength of New Jersey’s online casinos, are proving to follow a winning compounding for the gaming industry as good as the thriftiness of the city, the region, and the state,” said Plousis.

New island of Jersey is on stride to outdo $5 billion in add gaming revenue this year, which would Deutsche Mark just now the tertiary clip that has happened inward tell history. Atlantic City won to a greater extent than $5 1000000000000 in both 2005 and 2006 when in that respect were 12 casinos inward operation, but no more sports betting or iGaming.

Now the Bad

By to the highest degree data points, the New Jersey and Atlantic City gaming industries are thriving. However, in that location are some concerning numbers, specifically the fact that vi of the niner casinos hold won less money on their physical floors this yr than they did inward 2019.

Only Borgata, Hard Rock, and Ocean, which respectively pencil lead the Atlantic Ocean City cassino industry, have got won more money this year. The reside get experienced gaming reductions.

2023 GGR — 2019 GGR (in millions)

  • Borgata $619.2 — $595.5
  • Hard Rock $426.1 — $274.6
  • Ocean $350.4 — $175.3
  • Harrah’s $213.8 — $260.8
  • Tropicana $201.7 — $255.7
  • Caesars $195 — $224.6
  • Resorts $138.6 — $150.1
  • Bally’s $131.5 — $149.7
  • Golden Nugget $124 — $167.6

Through the foremost half of 2023, the to the highest degree recently reported every quarter reports, information from the New Jersey Division of Gaming Enforcement shows that cassino profits are cut down 20% from 2022. However, all nine casinos were in the black.