Atlantic City Revenue Down Nearly Two Percent, But iGaming Continues Growth

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Atlantic City’s brick-and-mortar casinos won $231.5 zillion from gamblers inward April 2023, a 1.6% year-over-year slump but stock-still the market’s topper month of the twelvemonth so far.

The New Jersey Division of Gaming Enforcement (DGE) on Mon released April’s revenue numbers. While land-based gaming was mastered from April 2022, iGaming and sportsbooks continued their growth.

Gross gaming revenue (GGR) from online cassino one-armed bandit machines, tabularise games, and poker blood was $158.9 1000000 — a 16% betterment from Apr 2022. Oddsmakers won $72.3 billion of the $833.9 trillion wagered.

The sports betting income includes revenue from both in the flesh(p) and online, though wandering betting is the hard preferred wagering channel. Of the $833.9 gazillion play cobbler's last month, all but nearly $35.5 meg was wagered online.

When GGR from New Jersey’s regulated gaming verticals is combined, Apr revenue totaled more than $462.7 million. That’s a 9.5% gain on Apr 2022.

Year to date, New island of Jersey GGR from the ix casinos, iGaming, and sports betting totaled nearly $1.8 billion. That’s upwards more than 12% compared with the same quaternity months inwards 2022, which was a register year that saw the gaming interests win o'er $5.2 billion.

Though gaming revenue was down pat(p) inwards Atlantic City finally month, April’s brick-and-mortar win of $231.3 jillion sets a unexampled monthly high-pitched for 2023. Casinos won $211.6 meg inward January, $214.9 meg in February, and $228.6 gazillion inwards March.

James Plousis, chairman of the New Jersey Casino Control Commission, the tell government agency that oversees the DGE, said he remains optimistic well-nigh Atlantic City’s straightaway future tense despite the small retraction inward land-based play.

Even though April’s cassino win lagged compared to the same full point cobbler's last year, it was still the second strongest April inward 11 years,” Plousis said inwards a statement to Casino.org. “As I regularly visit the cassino hotels, I try a lot of optimism that this testament be a outstanding summer inward Atlantic Ocean City.”

Plousis cited an teemingness of new, unique events, including Resorts Casino Hotel’s 45th day of remembrance celebration circle for later this month. Resorts was the 1st casino to unfastened in Atlantic City plump for inwards May of 1978.

Resorts isn’t the only if casino inward townsfolk with a major anniversary this summer. Hard Rock and Ocean Casino, which both opened on June 27, 2018, testament memorialise cinque years of beingness in byplay next month. And Borgata, the richest casino of the ix in terms of gaming revenue, will innkeeper its 20th day of remembrance in July.

Sliding Into Summer

Atlantic City this summer will get a young attractive force that officials at the non-gaming Showboat Hotel trust testament land inwards unexampled guests — specifically, families.

The Showboat is finalizing its Island Waterpark, a year-around irrigate green that features a large, retractable glass-pane roof higher up legion(p) waterslides, lazy rivers, and pools.

Next door to the Showboat, Ocean is completing 12 floors that remained unfinished to a greater extent than a decade after the 60-story resort hotel opened as Revel inward 2012. Ocean is disbursal $85 billion to goal those floors and update and freshen other areas of the property. Ocean is to boot disbursal $700,000 to reconstruct the scoured beach out forepart of the property, and is seeking permission to build a helipad for VIPs atop its parking garage.

Ocean plans to render aside $5 trillion this summer inwards giveaways and promotions to fete its 5th twelvemonth inwards operation.

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