March 2024

 

LIGHT Snapshots

 
March 2024
 

In LIGHT of the data.

Peak season may be starting early for Atlantic City as casino operators ended March with in-person and online gaming revenues at levels last seen in September 2023. Total gross gaming set a new near-term high for March monthly revenue, and brick-and-mortar revenues for the month increased nearly 5% over March 2023 and were the best seen for any March since 2012.

While gross operating profit continues to be a tough nut to crack, as evidenced by the recently released year-end 2023 reports, total gross gaming revenues for 2024 are off to a solid start with revenue for Atlantic City operators surpassing year-to-date 2023 by 11%. Brick and mortar revenues for the same period were a hair above 2023 and the best seen since 2012.  

 

Despite the near-record-high sports wagering handle for the month, Atlantic City鈥檚 sportsbooks fell 33% short of last March, but still improved over 2023 for the year-to-date by nearly 39%. Internet gaming, up 19% over March 2023 and a new record high for single-month revenue, likely indirectly benefitted from increased online gaming activity around the 鈥淢arch Madness鈥 of the Men鈥檚 and Women鈥檚 NCAA Basketball Championship Tournaments as patrons may have sampled online casino offerings while waiting for the results of the games.

Atlantic City Gaming Win & Total Casino Revenue

Source:

Monthly Revenue (Casino Licensees, $ In Thousands

March 2024

% Change from Prior Year March 2023 YTD

 2024