{"id":213796,"date":"2022-05-16T15:10:28","date_gmt":"2022-05-16T22:10:28","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=213796"},"modified":"2022-05-16T15:26:03","modified_gmt":"2022-05-16T22:26:03","slug":"atlantic-city-casino-revenue-tops-2019-numbers-april-2022","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/atlantic-city-casino-revenue-tops-2019-numbers-april-2022\/","title":{"rendered":"Atlantic City Casino Revenue Tops 2019 Numbers in April, But Inflation Clouds Industry Health"},"content":{"rendered":"

Atlantic City casino revenue in April 2022 bested the industry’s brick-and-mortar performance in the same month prior to the pandemic. The April revenue report demonstrates that the industry is amid a continued recovery, as the gaming town’s busy summer season nears.<\/p>\n

\"Atlantic
An “eye in the sky” at Ocean Casino Resort in Atlantic City monitors a Three Card Poker game. Atlantic City casinos reported higher-than-2019 revenue in April 2022. (Image: AP<\/em>)<\/figcaption><\/figure>\n

Numbers released today by the New Jersey Division of Gaming Enforcement (DGE) reveal that casino gross gaming revenue (GGR) from land-based operations totaled $235.2 million last month. That is up 24% from April 2021, and more than 13% better than the $207.6 million the same nine casinos won on their brick-and-mortar floors in April 2019.<\/p>\n

\n

Atlantic City’s casino win and total gaming revenue outperformed the same period last year and even surpassed pre-pandemic levels,”<\/strong> New Jersey Casino Control Commission Chair James Plousis told Casino.org<\/i>. “Compared to April 2019, casino win grew more than 13% and total gaming revenue grew an impressive 54%.<\/strong><\/p>\n<\/blockquote>\n

“Regional tourism is rebounding and momentum is building for a promising start of the summer season later this month,” Plousis concluded while referencing May’s Memorial Day — often cited as the unofficial start of the Atlantic City summer.<\/p>\n

Retail slot win last month totaled $175.2 million, while tables generated a little more than $60 million for the house. Those verticals respectively won $138 million and $51.6 million in April 2021.<\/p>\n

MGM Resorts’ Borgata continues to dominate the Atlantic City gaming industry. The Marina District property reported land-based GGR of $61.6 million. Hard Rock was a distant second at $40.6 million.<\/p>\n

Industry Flourishing <\/b><\/h2>\n

Along with the bright April report for Atlantic City casinos, the DGE filing shows that iGaming continues to prosper despite some gamblers returning to in-person gaming. Internet GGR totaled nearly $136.8 million last month — 27% better than last year, and a staggering 71% higher than April 2020, when Atlantic City was closed on state pandemic orders.<\/p>\n

Sports betting revenue, including in-person and mobile wagering, totaled approximately $50.3 million. That revenue includes sports betting receipts generated by the state’s three horse racetracks that offer sports betting.<\/p>\n

\n

Sportsbooks were a lone dark spot on the April report, as the number represents an 8% decline from April 2021. However, sports betting income last month was more than double what oddsmakers won in April 2019.<\/p>\n<\/div>\n

All combined, April ’22 gaming revenue totaled $422.5 million. That is 20% higher than April ’21, and almost 60% better than April ’19.<\/p>\n

Cautiously Optimistic<\/b><\/h2>\n

April was only the second time that Atlantic City casinos reported better-than-2019 same-month revenue<\/a> since the pandemic started in early 2020.<\/p>\n

\n

While COVID remains a concern, the public seems to be returning to pre-pandemic social behavior by attending large gatherings, traveling more, and socializing with friends,”<\/strong> said Jane Bokunewicz, director of Stockton University’s Lloyd D. Levenson Institute of Gaming, Hospitality and Tourism.<\/p>\n<\/blockquote>\n

Casino Association of New Jersey<\/a> and Hard Rock President Joe Lupo added to the Associated Press<\/i> that April was “encouraging as we move forward to our busier summer season.”<\/p>\n

Inflation, however, somewhat pauses any celebration that Atlantic City is alive and well. With inflation figured in, the $207.6 million won by the casinos on their physical floors in April 2019 is today the equivalent of $234.8 million — nearly in line with the $235.2 million won last month.<\/p>\n","protected":false},"excerpt":{"rendered":"

Atlantic City casino revenue in April 2022 bested the industry’s brick-and-mortar performance in the same month prior to the pandemic. The April revenue report demonstrates that the industry is amid a continued recovery, as the gaming town’s busy summer season nears. Numbers released today by the New Jersey Division of Gaming Enforcement (DGE) reveal that […]<\/p>\n","protected":false},"author":25,"featured_media":213806,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[81885,62],"tags":[],"acf":[],"yoast_head":"\nAtlantic City Casino Revenue Tops 2019 Numbers in April<\/title>\n<meta name=\"description\" content=\"Atlantic City casino revenue in April 2022 bested the industry's brick-and-mortar performance in the same month prior to the pandemic.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/atlantic-city-casino-revenue-tops-2019-numbers-april-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Atlantic 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