Atlantic City casinos saw positive growth in November 2024, with in-person revenue reaching $223.9 million, a 4% increase from the previous year. The surge was primarily driven by five of the nine casino resorts, with Borgata leading at $57.5 million (11% growth).

Top performing casinos for November 2024:

• Borgata: $57.5 million (+11%)
• Hard Rock: $44.3 million (+7%)
• Ocean: $34 million (+8%)
• Resorts: $14 million (+12%)
• Golden Nugget: $11.7 million (+7%)

The favorable results were partly attributed to an extra weekend day compared to November 2023, resulting in the highest November performance in 11 years.

Online gaming and sports betting continued their strong performance:

• iGaming revenue: $214 million (+25%)
• Sports betting revenue: $119 million (+24%)
• Total bets placed: $1.22 billion

Year-to-date performance through November 2024:

• Total gaming revenue: $5.77 billion (matching 2023's full-year total)
• In-person casino revenue: $2.58 billion (-1.1% year-over-year)

Industry leaders note that online revenue is shared with third-party partners and doesn't contribute to ancillary spending like hotels, food, and entertainment. This distinction remains crucial in ongoing discussions about potential indoor smoking bans, which casino operators argue could further impact their physical operations.

Related Articles

Previous Articles