Atlantic City casinos experienced a positive turnaround in November 2024, with in-person revenue reaching $223.9 million, marking a 4% increase ($9 million) compared to the previous year.

Five of the nine casinos reported improved performance:

• Borgata led with $57.5 million (up 11%)
• Hard Rock reached $44.3 million (up 7%)
• Ocean Casino generated $34 million (up 8%)
• Resorts posted $14 million (up 12%)
• Golden Nugget earned $11.7 million (up 7%)

The remaining casinos (Bally's, Caesars, Harrah's, and Tropicana) saw decreases between 6% and 10%.

Online gaming continued its strong performance:

• iGaming revenue: $214 million (up 25%)
• Sports betting revenue: $119 million from $1.22 billion wagered (up 24%)
• November marked the fourth consecutive month of record-breaking iGaming revenue

Year-to-date performance through November 2024:

• Total gaming revenue: $5.77 billion (matching 2023's full-year total)
• In-person casino revenue: $2.58 billion (down 1.1% or $29.7 million)

Industry leaders note that online revenue is shared with third-party partners and doesn't generate additional income from amenities like hotels, dining, and entertainment. This argument supports their opposition to proposed indoor smoking bans, which they claim could negatively impact employment and potentially lead to casino closures.

Related Articles

Previous Articles