June 22, 2022
A glimmer of hope in a mostly dim economic outlook finds Atlantic City casinos have joined the gambling revenue party. Even as the threat of recession looms on the horizon, profits for the East Coast gambling mecca hit over $440 million for April, which is the highest since early 2019.
The numbers were published by the New Jersey Division of Gaming Enforcement and show that despite the continued explosion of sports betting across America, it’s been the Atlantic City casinos that have generated to most profit.
Gamblers have been returning to casinos in droves to make bets in person, even though online gambling is still doing well. In addition to land based and online casinos, horse tracks in the state also helped the revenue numbers attain their pre-pandemic numbers.
The best performing casino was the Borgata, which saw a 60% growth in revenue year on year, bringing in north of $60 million. A distant second was the Hard Rock, which saw 15% growth and generated over $40 million.
Other Atlantic City casinos that contributed healthy numbers were The Ocean with over $26 million, followed by Harrah’s and Tropicana which both generated around $23 million. Rounding out the filed were Caesars with $20 million, Bally’s and Resorts with about $14 million apiece, and the Golden Nugget with well over $12 million.
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