The nine-casino market in Atlantic City reportedly had a very good April after chalking up a 23.8% rise year-on-year in aggregated gross gaming revenues to $265.4 million inclusive of a 58.9% overall increase in takings from online gambling to $36.6 million.
According to a Tuesday report from citing official figures from the New Jersey Division of Gaming Enforcement (pdf), the seaside city’s casino win for the 30-day period swelled by 8.4% year-on-year to hit $207.6 million while takings from its budding sportsbetting sector hit $21.2 million.
The Press of Atlantic City reported that the most recent results represented an eleventh consecutive month of growth for the New Jersey casino market although only the Borgata Hotel Casino and Spa managed to record a year-on-year rise in land-based win. The figures showed that its in-house tally of $53.3 million corresponded to a comparable increase of only 0.5% while its iGaming total of $5.4 million represented a swell of some 19%. The venue owned by Las Vegas-headquartered MGM Resorts International purportedly brought in some $24,760 from sportsbetting to push its overall April gaming revenues up by 2% to well over $58.8 million.
It was much the same story for the Golden Nugget Atlantic City as this property saw its land-based win for April crash by 23.4% year-on-year to $15.4 million although its sportsbetting service contributed some $39,216. But, the venue’s iGaming operation acted as somewhat of a buoy as its rise of some 70.3% to $13.8 million helped to bring its parent’s overall monthly gaming revenues up by 3.7% to $29.3 million.
Online was also certainly a factor for the Resorts Digital arm of the nearby Resorts Casino Hotel as its April win improved by 96.7% year-on-year to top $7.1 million. This was added to approximately $4.7 million in sports wagering takings to push the iGaming venture’s total revenues up by 229.5% to well in excess of $11.9 million. For its land-based operations, the venue operated by Mohegan Gaming and Entertainment saw its win drop by 25.7% to hit almost $12.8 million.
This situation was mirrored by the Caesars Interactive NJ subordinate of Caesars Atlantic City as the month saw this venture’s win increase by 30.5% year-on-year to $4.5 million while its land-based patron could only manage April casino revenues of slightly over $22 million, which corresponded to a 24% decline.
Regarding the city’s Tropicana Casino and Resort Atlantic City, which is now owned by Gaming and Leisure Properties Incorporated, April casino win dwindled by 13% year-on-year to $24 million while its online operation thrived with takings up by 16.2% to $3.6 million. The giant venue moreover added $76,968 from sportsbetting but still saw its overall monthly gaming revenues decline by 9.7% to $27.7 million.
Caesars Entertainment Corporation’s gigantic Bally’s Atlantic City was in much the same boat as its land-based casino win for April tumbled by 7% year-on-year to approximately $14.1 million. The venue managed to bring in some $351,363 from sportsbetting but still saw its overall monthly gaming revenues decline by 4.7% to just above $14.5 million.
This state of affairs was emulated by Harrah’s Resort Atlantic City as land-based casino win for April could only reach $27.1 million, which corresponded to a year-on-year deterioration of 6.6%, while its overall gaming revenues for the month weakened by 6.3% to $27.2 million even as its amassed $73,542 from sports wagering.
The figures from the NJ Division of Gaming Enforcement showed that the recently-opened Ocean Resort Casino recorded slightly more than $15.1 million in casino win for April while its $308,409 and $837,730 from online and sportsbetting respectively took its overall gaming revenues for the month to $16.3 million. The similarly-new Hard Rock Hotel and Casino Atlantic City performed even better as its land-based operation recorded win of $23.3 million while its monthly takings reached well above $25 million courtesy of $1.5 million from iGaming and $130,750 via sports wagering.
In terms of the state’s pair of non-Atlantic City land-based sportsbooks, Meadowlands Racetrack emerged as last month’s big winner with revenues of over $12.1 million while the April tally for Monmouth Park Racetrack was almost a fifth lower at $2.5 million.
Finally, the NJ Division of Gaming Enforcement revealed that the state has recorded $1.03 billion in aggregated gaming revenues since the start of 2019, which represents a rise of 27.3% year-on-year, while April saw the industry contribute some $23 million in tax.