AC CASINOS’ COVID RECOVERY: REVS UP 31% IN AUGUST!

By Harvey Hoffman

Atlantic City gaming has snapped back from the 2020 coronavirus pandemic, taking in 31% more in August than it did a year earlier, after COVID-19-related closures ended.

The New Jersey Division of Gaming Enforcement show the nine casinos and three horse tracks that offer sports betting won $427.6 million in August, compared with $326.3 million in August 2020, the first full month of restored casino operations after a 3 1/2-month shutdown due to the virus.

In-person gambling revenue was $262.4 million, up nearly 32% from Aug. 2020; internet gambling revenue was $113.2 million, up 29% from a year earlier; and sports betting revenue was $52 million, also up nearly 32%.

All nine casinos posted revenue increases in August compared to a year earlier, led by the Golden Nugget, which was up over 70% to $15.8 million. Tropicana was up nearly 44% to $38 million; Resorts was up over 35% to $18.6 million, and Hard Rock was up 33% to $52.4 million.

Hard Rock’s increase in in-person casino winnings was almost $13 million, the largest total in Atlantic City in August.

Borgata was up over 31% to $94 million; Harrah’s was up nearly 31% to $28 million, and Caesars was up nearly 17% to over $25 million.

Bally’s was basically flat, up just over $366,000 from a year earlier.

Gamblers plunked down $664.6 million on sporting events in August. So far this year, over $6.1 billion has been wagered on sports in New Jersey.

Among internet-only entities, Resorts Digital was up nearly 24% to $34.5 million; Golden Nugget Online Gaming was up nearly 8% to nearly $30 million; and Caesars Interactive NJ was up nearly 7% to nearly $10 million.

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