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Atlantic Metropolis Casinos Come Roaring Again, March Win Totals $359M

Posted on: April 16, 2021, 02:44h. 

Final up to date on: April 16, 2021, 03:25h.

Atlantic Metropolis casinos loved their finest month for the reason that onset of the pandemic started early final yr. However general, on line casino income in 2020 have been down 80 % from 2019.

Atlantic City casinos gross gaming revenue
Gamblers play slot machines at Arduous Rock in Atlantic Metropolis. The 9 casinos on the town posted robust income numbers for the month of March 2021. (Picture: The Every day Journal)

Brick-and-mortar gross gaming income (GGR) from slot machines and desk video games totaled $184.8 million. That’s a 116 % year-over-year improve, because the 9 casinos in Atlantic Metropolis have been compelled to shutter operations in mid-March of 2020 on New Jersey Gov. Phil Murphy’s (D) orders.

On-line gaming, together with income from poker charges, gained simply shy of $113.7 million. iGaming continues to broaden its GGR, as March 2021 was a 75 % surge on March 2020. Sportsbooks stored $60.7 million of the bets wagered. Deal with — or the amount of cash risked at sportsbooks — was $859.6 million. 

All mixed, New Jersey’s gaming trade reported March 2021 income of $359.2 million. That’s up 120 % year-over-year.

Gaming studies for a number of states have been launched right this moment, one being Pennsylvania. The Keystone State has surpassed New Jersey to turn out to be the No. 2 richest gaming trade market within the US, behind solely Nevada. Pennsylvania GGR totaled $403.1 million final month. 

Constructive Pattern

March 2021 simply topped March 2020, because the market situations have been way more favorable due to the casinos being open all through the whole month. However even when evaluating final month to March 2019, the $359.2 million haul remains to be 18 % larger.

Quite a few COVID-19 laws stay in place in Atlantic Metropolis. Every on line casino is proscribed to working at 50 % of its fireplace code capability. Extra troublesome, on line casino executives declare, is that smoking indoors on the on line casino flooring stays on maintain. 

Clearly, COVID, the occupancy restrictions in place, and smoking ban are negatively affecting the market’s capacity to completely rebound,” Arduous Rock Atlantic Metropolis President Joe Lupo advised the Related Press. 

Regardless of a most tough yr, Arduous Rock reported a gross working revenue in 2020 of practically $11 million. It ended the yr robust, because the Boardwalk on line casino turned in a $12.5 million working revenue within the last quarter. 

Anti-casino advocates disagree that the temporary smoking ban is hurting Atlantic Metropolis’s casinos. The People for Nonsmokers’ Rights mentioned right this moment that latest strong income studies for casinos reveals that the smoking suspensions usually are not turning away gamblers. 

Borgata Prime Operator

MGM Resorts’ Atlantic Metropolis on line casino led the way in which final month in complete GGR. The Borgata gained over $89 million from gamblers, together with $46.5 million at its bodily on line casino and $36.1 million on-line. 

Arduous Rock was second at roughly $69.9 million. The on line casino is the web gaming chief in New Jersey, its Golden Nugget On-line Gaming unit reporting iGaming win of $31.1 million. 

As for sports activities betting, the Meadowlands and accomplice FanDuel proceed to dominate. The in-person and on-line sportsbook reported income of $31.2 million, or greater than half of the state sports activities betting win. Resorts and accomplice DraftKings have been a distant second at $14.1 million.

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