August 2021

 

LIGHT Snapshots

 
August 2021
 

In LIGHT of the data.

Peak summer in the resort produced promising revenue returns for the city鈥檚 casinos. At $113.2 million, August internet gaming revenue fell just shy of July 2021 ($118.7 Million), while land-based gaming operations put in a strong showing at $262.4 million.

Combined with sports gaming revenue, land-based and online earnings for the month exceeded August 2019 ($338.9 million) by 17.4%. Strong performance by both in-person and online gaming during the peak summer tourism season provides further evidence that brick-and-mortar gaming operations can beneficially coexist with internet gaming operations.  

Total annual gaming revenue for the resort is on track to meet 2019 levels. As of August 2021, total gaming revenue for Atlantic City鈥檚 casinos fell just 2% short of the same period in 2019.  With four months remaining, year-to-date total gaming revenue for the resort ($2.1 billion) was $1.2 billion behind the year-end total for 2019. Internet gaming has contributed significantly to these gains. 

Although land-based gaming revenues have neared 2019 performance levels in recent months, the industry is still trying to recover lost ground from the early part of the year when pandemic related circumstances suppressed in-person gaming activity.  Land-based gaming revenue for the year-to-date lags 2019 by 9.7% and with a third of the year remaining is $1.0 billion behind 2019 year-end totals.   

If pandemic mitigation efforts are successful in lowering transmission rates into the fall and winter and live events continue to return to the resort, we can expect a strong shoulder season fueled by continuing demand for experiences. The start of the NFL season earlier this month is sure to boost sports gaming revenues moving into the fall.

 

Atlantic City Gaming Win & Total Casino Revenue

Source:

Monthly Revenue (Industry, $ In Thousands)

August  2021

 % Change from Prior Year August 2020 YTD August  2021 % Change from Prior Year YTD August 2020
Total Gaming Win (includes Internet & Sports Wagering) 262,404 31.8% 199,053 1,649,717 n/a 842,203
Sports Wagering Revenue 113,231 29.0% 87,773 866,130 44.8% 597,975
Internet Gaming Win 22,022 33.6% 16,484 180,493 134.7% 76,895
Casino Gaming Win 397,657 31.1% 303,310 2,696,339 77.7% 1,517,073

 

Quarterly Revenue (Industry, $ In Thousands) Q2 2021 % Change from Prior Year Q2 2020 YTD June 30, 2021 % Change from Prior Year YTD June 30, 2020
Casino 445,781 299.5%

111,593

 822,932 76.3% 466,871
Rooms 145,472 n/a 37 235,696 141.5% 97,614
Food & Beverage 90,933 n/a 73 154,653 49.1% 103,753
Entertainment & Other 44,340 356.4% 9,715 77,934 54.7% 50,413
Casino Licensees Total Revenue 726,526 498.4% 121,418 1,291,215 79.7% 718,651
 

Atlantic City Hotel Lodging

Source:

Casino Hotel Lodging Statistics
For the Period Ended
June 30, 2021 & 2019		 Q2 2021 Q2 2019 YTD 2021 YTD 2019
Occupancy percentage 70.0% 81.5% 61.2% 77.1%
Average Daily Room Rate (ADR) $158.00 $139.76 $146.32 $134.37
Revenue Per Available Room (RevPAR)* $110.60 $113.90 $89.55 $103.60

* RevPAR= ADR X Occupancy Percentage

Atlantic City Statistical Transportation Data

Source:

Travel Mode July
2021		 Change
from Prior
Year		 July
2020		 YTD
July
2021		 Change
from Prior
Year		 YTD July
2020
AC Expressway
Total Toll-Paying Traffic
Pleasantville Toll Plaza		 1,997,463  22.4% 1,631,601 9,579,592  24.7% 7,681,100
AC Airport
Scheduled Service Passengers 92,511 288.9% 23,787 468,145 51.9% 308,173
Charter Passengers  10,448 545.3% 1,619 24,486 37.1% 17,856
Total Air Passengers 102,959 305.3% 25,406 492,631 51.1% 326,029 

Atlantic City Meetings and Conventions Data

Source:

  August '21 August '20 % Change
from Prior Year		 TOTAL
2021 YTD		 TOTAL
2020 YTD		 % Change
from Prior Year
Conventions/Tradeshows/Meetings*
# of Shows 4 0 N/A 14 22 -36%
# of Room Nights 3,755 0 N/A 13,161 72,188 -82%
# of Delegates 9,701 0 N/A 54,507 217,187 -75%
Delegate Spending $3,695,603 $0 N/A $12,935,007 $56,790,400 -77