Year-to-date, a strong January kept the Atlantic City casino industry well ahead of pre-pandemic brick and mortar totals at $426 million compared with year-to-date February 2020 at $410 million, according to the New Jersey Division of Gaming Enforcement release of the February 2023 total gaming revenue results on Thursday.
Based upon filings with the Division of Gaming Enforcement, casino win for the nine casino hotel properties was $215 million for February 2023, reflecting a 1.2% increase compared with $212.4 million for February 2022. Year-to-date casino win for the nine casino hotel properties was $426.6 million, reflecting growth of 7.7% compared with $396.1 million for the prior period.
“Despite falling $4 million short of pre-pandemic February 2020, February 2023 outperformed all other Februarys going back to 2013,” Jane Bokunewicz, faculty director of the Lloyd D. Levenson Institute of Gaming, Hospitality and Tourism, Stockton University School of Business, said.
For the month of February 2023, internet gaming win reported by casinos and their partners was $142.6 million, reflecting growth of 9.7% compared with $130 million for the prior period. For the year-to-date period, internet gaming win reported by casinos and their partners was $295.5 million, reflecting growth of 10.3% compared with $267.8 million for the prior year-to-date period.
“When considering total gross gaming revenue for the month and year-to-date, internet gaming pushed February 2023 to new heights, setting new near-term records for single-month February and year-to-date February revenues. Internet gaming remains a significant portion of the Atlantic City gaming industry revenue mix, accounting for nearly 40% of total gross gaming revenue share for the year-to-date,” Bokunewicz stated.
Sports wagering gross revenue reported by casinos, racetracks and their partners was $54.6 million for February 2023, reflecting a 76.9% increase when compared with $30.9 million in the prior period. Sports wagering gross revenue reported by casinos, racetracks and their partners was $127 million for the year-to-date, reflecting a 39.4% increase when compared with $91.1 million for the prior period.
Total gaming revenue reported by casinos, racetracks and their partners was $412.2 million for February 2023, reflecting a 10.4% increase from $373.3 million reported in February 2022. For year-to-date, total gaming revenue reported by casinos, racetracks and their partners was $849.1 million, reflecting a 12.5% increase from $755.0 million reported in the prior period.
