2021 Atlantic City Casino Revenue Within Five Percent of 2019
Atlantic City casinos won to a greater extent than $2.55 1000000000 from gamblers inward 2021. The brick-and-mortar 144 gaming revenue (GGR) figure is only when 4.9 percent little of the $2.68 one million million the same 9 casinos generated inwards pre-pandemic 2019.
GGR from retail slot machines totaled $1.87 billion. Table game win was $680 million. Total land-based GGR in 2021 was upward 69 percent on 2020.
Atlantic City capped off 2021 inward style, as the casinos reported GGR of $211.8 million. That’s a 1.6 percent put on on 2019, and 44 percent amend than December 2020.
[December added] to positively charged impulse that occurred through and through the trend of the year,” said Saint James the Apostle Plousis, chairman of the New Jersey Casino Control Commission.
Borgata was by far the cover land-based GGR earner, the MGM Resorts belongings reporting gambling casino income of $606 million. Hard John Rock was a remote endorse at $431.1 million, and Ocean Casino thirdly at $306.8 million.
iGaming, Sports Betting Records
Atlantic City gambling casino revenue nearly returned to pre-pandemic levels inwards 2021. The repose of New Jersey’s gaming manufacture soared to unexampled highs.
GGR from iGaming, which includes interactive slots, tabularise games, and salamander rake, totaled $1.36 billion. The all-time record cyberspace gaming cart is a 41 percent pass over on 2020 and 183 percent higher than in 2019.
New island of Jersey oddsmakers also kept more money from sports bettors than ever before. Sportsbook revenue totaled $815.7 million, to a greater extent than doubling 2020’s amount and 172 percent higher than inwards 2019.
Along with Atlantic Ocean City casinos, New Jersey’s triplet Equus caballus racetracks — the Meadowlands, Monmouth Park, and Freehold Raceway — take part inward retail and online sports betting. iGaming is specifically reserved for the casinos and their third-party operating partners.
When iGaming and sports betting is included, full-year 2021 GGR from all verticals totaled $4.737 billion. The revenue is 64.5 percent ameliorate than 2020 and 36 percent ameliorate than 2019. Total 2021 GGR is an increment of $1.268 one thousand million on 2019.
The $4.7 one thousand million in tot up revenue is the state’s highest stigma since 2007 when 12 casinos inwards Atlantic City won $4.9 billion.
These results are a singular achievement for Atlantic Ocean City inward wakeful of the lingering pandemic,” Plousis concluded.
Profit Reports Forthcoming
A meliorate show of the boilersuit health of Atlantic City will follow revealed when the New Jersey Division of Gaming Enforcement releases operating benefit reports. The tell gaming regulatory office has only unveiled such reports for the number 1 and indorse quarters of 2021.
This yr through and through 2026, Atlantic Ocean City casinos are beingness afforded a interruption on their attribute task obligations through a revised payment-in-lieu-of-tax (PILOT) setup.
Atlantic County and the tell has been ordered into mediation to root a cause brought past the county intriguing the young PILOT calculation. The casinos will likely assure their iGaming and sports betting revenue stripped from the sum GGR number. That is used to influence how a great deal PILOT money they must collectively pay off the land and county.
Outgoing New island of Jersey Senate President Sir Leslie Stephen Sweeney (D), who sponsored the PILOT change inwards the casinos’ favor, has said that as many as IV Atlantic Ocean City resorts are inward peril of closure without such a assess break.
Joe Lupo, chairperson of Hard Rock Atlantic Ocean City and the Casino Association of New Jersey, says the manufacture “remains carefully optimistic” for the future.