Atlantic City casinos win $345M in June, new monthly record
ATLANTIC City, N.J. — Atlantic City’s casino set a new monthly gross gambling revenue record for June. It won more than $345 million in gamblers as pandemic worries eased slightly and gamblers returned to their banks.
The total amount of sports betting money received by three racing tracks in June is close to $393 million.
This was easily more than the $278 won by casinos and tracks in June 2019, prior to the pandemic.
June is traditionally the beginning of summer season for casinos. This is their busiest year of the year, and industry observers were anxiously awaiting June’s results.
The numbers “did not disappoint, coming off a near record single month high in May of $337.2 million to set a new single month total gross gaming revenue record,” said Jane Bokunewicz, director of the Lloyd Levenson Institute at Stockton University. “Casino patrons don’t have to visit the casino in-person in order to gamble, the fact that they are visiting suggests they are getting more out of the experience than gambling alone.”
James Plousis is the chairman of New Jersey Casino Control Commission. He noted that in the last three-months, the growth rate for casino revenue has exceeded 20% when compared to the similar period in 2019.
“I can tell you that Atlantic City is attracting more tourists, which is a good sign for the summer season,” he said.
Joe Lupo of Hard Rock Atlantic City stated, “We are encouraged to see this momentum which speaks to visitors returning to Jersey Shore this summer for premier gaming, hospitality and entertainment.”
Terry Glebocki, Ocean Casino Resort CEO, stated, “The elimination COVID restrictions is a boon for us”
Borgata topped the list with $97.7M in revenue. Hard Rock was next with $41.6M; Tropicana at $257.4M. Ocean was at $26.6M. Harrah’s was at $21.3M. Caesars was at $20.3M. Resorts were at $13.9 Million. Golden Nugget was at $12.2M. Bally’s was at $11.6M.
Resorts Digital, Golden Nugget Online, Caesars Interactive NJ and Resorts Digital were the internet-only winners.
New Jersey gamblers deposited $766million worth of sports wagers in June. After paying out winning bets as well as expenses, the tracks and casinos kept $71.2 millions.
The Meadowlands Racetrack in East Rutherford won $44.5 Million; Monmouth Park in Oceanport, NJ won $2.5 Million, and Freehold Raceway, which is yet to significantly increase its sports betting operations, won $132.775.
Internet gambling revenue increased by more than 26% in June compared to a year ago, reaching $107 million.
The casinos and tracks have so far won more than $2.1Billion this year. This is twice the amount they won in the same time last year.