Atlantic City Casinos Have Positive Outlook

Sun, Mar 27, 2022

February shows a disappointing drop in sports betting revenue, but overall, the city revenues jumped almost 45 percent. That’s a positive as the goal moves towards producing revenues that beat pre-pandemic levels.

Atlantic City Casinos Have Positive Outlook

In February, sports betting in Atlantic City generated $30.9 million in revenue, a 33.2 percent drop compared to the prior year. It’s a safe bet that the first complete month of mobile sports betting in New York had something to do with that decline.

The industry produced $212.4 million overall in the city, a gain of 43.3 percent, but below pre-pandemic levels. Credit Internet gaming for $130 million, good for a jump of 38.6 percent, according to WBGO.org.

“The Covid numbers are way down, the weather’s starting to get nicer [and] people are anxious to get out again,” said Jane Bokunewicz, director of Stockton University’s Lloyd D. Levenson Institute of Gaming, Hospitality and Tourism. “I think that we will see an upward trend.”

Still, total gaming revenue—casinos, internet gaming and sports wagering—increased by 19 percent so far this year.

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