Atlantic City Gaming Revenue Unaffected By the Pandemic

Atlantic City Gaming Revenue Unaffected By the Pandemic

Casinos in Atlantic City won $262,.4 million in August 2021 on the 9 brick-and-mortar gaming floors. The revenue is 8% less as compared with 2019. Gross Gaming Revenue (GGR) in August 2021 from retail slot machines was more than $198 million while table games revenue was just short of $64.4 million. The total win for land-based games is 5.3% lower as compared to July 2021 and is 8.4% lower as compared to pre-pandemic revenue in August 2019.

Atlantic City Gaming Revenue increases from all verticals

However, if revenue from iGaming and sports betting is included, the nine casinos reported a Gross Gaming Revenue (GGR) of $397.6 million. This revenue is $58.8 million higher as compared to the $338.8 million of all nine casinos in August 2019 from all gaming verticals.  James Plousis, chairman of the New Jersey Casino Control Commission, in a statement made to stated that the Gross Gaming Revenue (GGR) in Atlantic City increased by more than 17% as compared to the pre-pandemic Gross Gaming Revenue (GGR) in August 2019. When the revenue from the three-horse race tracks with respect to their sportsbooks and mobile operations are included, the revenue of the casinos increases to $427.6 million.

Future of Gaming in Atlantic City

The global pandemic saw the transition from brick-and-mortar casinos to online casinos. The gaming in New Jersey benefitted during the pandemic because out of the three states, New Jersey was the only state that had full iGaming in 2020 that included interactive gaming machines and table games. Gross Gaming Revenue (GGR) from online games rose during the pandemic and the Gross Gaming Revenue (GGR) for the nine casinos in Atlantic City, the online revenue helped offset the brick-and-mortar loss to some extent even though the revenues weren’t extremely high.

Pandemic and the uncertainty

The COVI-19 pandemic has cast uncertainty over the economy with a lot many business sectors adversely affected and hospitality and tourism are the two sectors that are extremely affected. The gambling industry in New Jersey is now adapting to a new normal, where online business is booming.

About sherlock

Sherlock Gomes loves to write and express his views on anything related to Gaming, Gambling, & Casino. He has been covering Gaming for more than two years now.