April 2024 was a modest month for Atlantic City casino operators, as total gross gaming revenues increased year-over-year, but not month-over-month, according to the latest figures released Thursday by the Division of Gaming Enforcement. These returns were driven entirely by a near-record GGR from internet gaming ($10 million shy of last month’s record of $197.2 million).
For the month of April, internet gaming win reported by casinos and their partners was $187.9 million, reflecting growth of 18.2% when compared with $158.9 million reported in April 2023. For the year-to-date period, internet gaming win reported by casinos and their partners was $750.7 million, reflecting growth of 21.1% when compared to $620.1 million for the prior year-to-date period.
Casino win for the nine casino hotel properties was $216.8 million for April 2024, reflecting a decrease of 6.3% when compared with $231.5 million reported in April 2023. Year-to-date casino win for the nine casino hotel properties was $872.9 million, a decrease of 1.6% compared with $886.8 million for the prior year-to-date period.
Sports wagering gross revenue reported by casinos, racetracks and their partners was $106.2 million for April, reflecting a 46.9% increase when compared with $72.3 million reported in April 2023. Sports wagering gross revenue reported by casinos, racetracks and their partners was $434.2 million for the year-to-date period, reflecting a 48.6% increase when compared with $292.3 million reported in the prior year-to-date period.
Total gaming revenue reported by casinos, racetracks and their partners was $510.9 million for April, reflecting a 10.4% increase from $462.7 million reported in April 2023. For year-to-date, total gaming revenue reported by casinos, racetracks and their partners was $2.06 billion, reflecting a 14.4% increase from $1.80 billion reported in the prior year-to-date period.
“It will be interesting to watch how the return of warm weather and summer visitors affects the gaming revenue mix for Atlantic City’s operators going into summer 2024,” Jane Bokunewicz, faculty director of the Lloyd D. Levenson Institute of Gaming, Hospitality and Tourism, Stockton University School of Business, said.
“While stakeholders should expect to see gains in brick-and-mortar gross gaming revenue over the coming months because of typical seasonal increases in visitation to the city, Atlantic City may actually see greater gains in in-person revenue generated from nongaming operations,” she added. “It will be many months before a clear picture of this trend is available, but operators’ recent investments in improving resort offerings suggest that a significant shift in the market’s overall revenue mix could be coming. A focus beyond gaming, to the elements that make Atlantic City unique and a stronger competitor against the threat of New York City casinos, is simply good business.”
