Atlantic City Casino Win in 2022 Tops 2019, Inflation Hurts Bottom Lines

Atlantic City casinos won more than $2.78 1000000000000 cancelled of gamblers at the 9 resorts in 2022. That’s a 9% betterment from 2021, and 3.7% higher than what the casinos won inwards pre-pandemic 2019.

Atlantic City’s land-based casinos won a small to a greater extent than $2 one million million on their expansion slot machines and $741.7 jillion on their table games. The catch one's breath of the retail revenue came through in the flesh(p) sports betting.

While the ix casinos grew brick-and-mortar play, soaring rising prices during 2022 skip into those gains. The 3.7% increase inwards revenue gaming revenue (GGR) from 2019 equates to $99 million. But inflation during the III years surged 14.5%, a dollar bill inward 2019 the tantamount(p) of $1.14 today. Higher costs intend higher smash for the casinos.

However, the resorts managed to go along growing their iGaming business. Internet GGR totaled $1.66 billion lowest year — 22% higher than the prior year and 244% richer than inwards 2019.

Though the casinos portion much of their online gaming income with their third-party partners the likes of DraftKings and FanDuel, such a real jump off in iGaming significantly helped the Atlantic City properties inward 2022.

2022 a Record Year

iGaming showed no more signs of slowing despite New Jersey long putting the pandemic inwards its rearview. 2022 didn’t include any pandemic-related restrictions on the casinos.

Online slots and interactive tables won $1.63 billion, with net salamander fees accounting for the remaining iGaming revenue.

When nearly $763 gazillion inward income from sportsbooks is included, New Jersey’s gaming industry won more than $5.2 billion inward 2022 crossways all verticals. That’s 10% amend than 2021, and the say industry’s all-time topper annual mark.

The state’s previous topper gaming twelvemonth was $4.8 one thousand million set inwards 2007 when 12 casinos were operating(a) inwards Atlantic Ocean City. James II Plousis, chairman of the New island of Jersey Casino Control Commission, believes Atlantic Ocean City is positioned substantially for continued success.

Atlantic City’s casino hotels and their employees hold been focused on providing exciting amenities and unique in the flesh(p) experiences to receive support visitors. Year-end results exhibit these efforts are paying off,” Plousis commented inwards a statement provided to Casino.org.

“Casino win non only when surpassed pre-pandemic levels — it reached its highest fig inwards Nina from Carolina years,” Plousis continued. “In 2022, Atlantic Ocean City demonstrated its strength as a regional destination for discreet gaming and leisure tourists. Reinvestments recently made inward the gambling casino hotels make improved competition and testament go along to pay dividends not only for the properties and their customers, but also the city, the region, and the say good into the future.”

Borgata Top Casino Again

MGM Resorts operates only if unity casino in Atlantic Ocean City, but its Borgata has long dominated the market. The Marina District dimension erst once again led the right smart inwards brick-and-mortar play, as the cassino won near $724.4 trillion in retail bets.

Hard John Rock was a removed indorse at $492.3 million. Ocean Casino was thirdly at $356.8 million.

Rounding come out the heel was Harrah’s ($257.8 million), Tropicana ($248.8 million), Caesars ($235.3 million), Resorts ($167.3 million), Bally’s ($153.9 million), and Golden Nugget ($148.8 million).

Borgata also led the path inwards iGaming at $496.2 million. Golden Nugget was s at $431.7 one thousand thousand and Resorts 3rd at $393.3 million. Only Caesars ($113.9 million) also won at least $100 zillion from iGaming in 2022.

As for sports betting, Resorts’ DraftKings Sportsbook topped the marketplace with revenue of $153.3 million. Borgata’s BetMGM was indorsement at $82.9 million.

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