Atlantic City casinos win $241 million from bettors in June 2023

Atlantic City casinos win $241 million from bettors in June 2023

Atlantic City’s nine brick-&-mortar casinos won more than $241.5 million in June, marking a strong start to the busy summer season ahead. According to newly published data, Atlantic City casino industry’s June in-person gaming revenue increased more than 5 per cent year-over-year to settle at $241.5 million.

New Jersey’s online gaming sector also performed well. Last month’s win represents an improvement of 5 per cent from the corresponding month of 2022, when the same nine casinos won slightly more than $229 million. Last month’s win also represents a month-over-month improvement of 6 per cent.

Of the June’s total win, slot machines generated nearly $183 million. The figure represents an improvement of 7 per cent year-over-year. Table games generated roughly 1 per cent to $58.5 million.

Gaming revenue from online slot machines, poker and table games increased 12 per cent to $149.3 million. In other words, these sub-segments of the gaming generated roughly $16.1 million more than June 2022.

Oddsmakers also performed quite well, as sportsbooks won nearly $66.5 million from bettors, up 69 per cent year-over-year. Sportsbooks won 11 per cent of the $591 million wagered. It may be noted here that sports betting operators operate online as well as in-person at the Atlantic City casinos as well as at New Jersey’s three racetrack sportsbooks.

James Plousis, Chairperson of the New Jersey Casino Control Commission, said in a statement, the casino industry has started to find collaboration between its online and in-person gaming operations.

Commenting on the GGR data, Plousis added, “Atlantic City’s casino hotels are building synergy between online and traditional gaming by providing customers the opportunity to enjoy the diverse experiences of a destination resort. Gains in all three reported areas (casino win, internet gaming win, and sports wagering revenue) demonstrate that online and traditional gaming are a winning combination.”

The retail market was dominated by Borgata, which generated gross gaming revenue (GGR) of roughly $60.5 million. The MGM Resorts property enjoyed a year-over-year growth of 12 per cent. Hard Rock was a distant second as it could generate a GGR of just $43.3 million, down 3 per cent year-over-year.

Borgata and Hard Rock were followed by the Ocean ($34.9 million), Caesars ($21.4 million), Tropicana ($21 million), Harrah’s ($20.9 million), Resorts ($15.2 million), Golden Nugget ($11.8 million), and Bally’s ($12.4 million).

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