May 2022 Snapshots
In LIGHT of the data.
In the May 2022 gross gaming revenue numbers from the state Division of Gaming Enforcement we see the continuation of an overall pattern of recovery for Atlantic City鈥檚 casino operators.
However, inflation may be beginning to impact in-person gaming revenues. Brick-and-mortar gross gaming revenue totals for the month, expected to improve over last month鈥檚 $235.3 million, were effectively flat at $233 million, down less than 1%. Brick-and-mortar revenue for the month did improve over last year ($213.1 million) by 9.3% and improved 4.5% over pre-pandemic May 2019 ($222.9 million).
In keeping with a typical seasonal increase in visitation to Atlantic City and its casinos, internet gaming revenues for the month were effectively flat at $136 million compared to last month鈥檚 $136.9 million (April 2022). We may see a flattening if not a small decline in internet gaming revenues throughout the summer as patrons shift their gaming behavior to take advantage of the city鈥檚 in-person offerings.
Inflation, and continued increases in gas prices, may be starting to impact visitor behavior. People, still eager to get away, may consider Atlantic City with its beach, boardwalk, fine dining, entertainment and casinos an attractive choice for something closer to home. However, when they get here, they may have less money to spend.
Atlantic City Gaming Win & Total Casino Revenue
Source:
| Monthly Revenue (Industry, $ In Thousands) |
May 2022 |
% Change from Prior Year | May 2021 | YTD May 2022 | % Change from Prior Year | YTD May 2021 |
|---|---|---|---|---|---|---|
| Total Gaming Win (includes Internet & Sports Wagering) | 390,499,841 | 15.8 | 337,221,574 | 1,856,989,387 | 20.8 | 1,536,736,305 |
| Sports Wagering Revenue | 21,459,763 | 34.9 | 15,905,524 | 94,622,888 | (16.8) | 113,684,892 |
| Internet Gaming Win | 136,016,462 | 25.7 | 108,170,558 | 681,380,720 | 29.3 | 527,160,002 |
| Casino Gaming Win | 233,023,616 | 9.3 | 213,145,492 | 1,080,985,779 | 20.7 | 895,891,411 |
| Quarterly Revenue (Industry, $ In Thousands)** | Q1 2022 | % Change from Prior Year | Q1 2021 | YTD March 31, 2022 | % Change from Prior Year | YTD March 31, 2021 |
|---|---|---|---|---|---|---|
| Casino |
$444,943 |
18.0% | $377,151 | $444,943 | 18.0% | $377,151 |
| Rooms | $119,399 | 32.3% | $90,224 | $119,399 | 32.3% | $90,224 |
| Food & Beverage | $103,714 | 62.8% | $63,720 | $103,714 | 62.8% | $63,720 |
| Entertainment & Other | $51,729 | 53.5% | $33,693 | $51,729 | 53.5% | $33,693 |
| Casino Licensees Total Revenue | $719,785 | 27.4% | $564,788 | $719,785 | 27.4% | $564,788 |
** Data agregated from New Jersey Division of Gaming Enforcement for individual properties, includes amended totals as of April 12, 2022. May not match totals from which represent a 'snapshot' of data at the time of publication and are not retroactively updated.
Atlantic City Hotel Lodging
Source:
| Casino Hotel Lodging Statistics For the Period Ended March 31, 2022 & 2021 |
Q1 2022 | Q1 2021 | YTD 2022 | YTD 2021 |
|---|---|---|---|---|
| Occupancy percentage | 63.05% | 52.41% | 63.05% | 52.41% |
| Average Daily Room Rate (ADR) | $152.20 | $130.74 | $152.20 | $130.74 |
| Revenue Per Available Room (RevPAR)* | $95.96 | $68.52 | $95.96 | $68.52 |
* RevPAR= ADR X Occupancy Percentage
Atlantic City Statistical Transportation Data
Source:
| Travel Mode | April 2022 |
Change from Prior Year |
April 2021 |
YTD April 2022 |
Change from Prior Year |
YTD April 2021 |
|---|---|---|---|---|---|---|
| AC Expressway | ||||||
| Total Toll-Paying Traffic Pleasantville Toll Plaza |
1,381,030 | 4.5% | 1,321,550 | 4,987,815 | 12.4% | 4,439,569 |
| AC Airport | ||||||
| Scheduled Service Passengers | 73,902 | -9.3% | 81,516 | 266,245 | 29.8% | 205,079 |
| Charter Passengers | 11,894 | 363.0% | 2,569 | 35,927 | 388.9% | 7,349 |
| Total Air Passengers | 85,796 | 2.0% | 84,085 | 302,172 | 42.3% | 212,428 |
Atlantic City Meetings and Conventions Data
Source:
| May '22 | May '21 | % Change from Prior Year |
TOTAL 2022 YTD |
TOTAL 2021 YTD |
% Change from Prior Year |
|
|---|---|---|---|---|---|---|
| Conventions/Tradeshows/Meetings* | ||||||
| # of Shows | 9 | 0 | N/A | 36 | 2 | 1700% |
| # of Room Nights | 12,138 | 0 | N/A | 52,982 | 1,778 | 2880% |
| # of Delegates | 53,136 | 0 | N/A | 256,849 | 1,236 | 20681% |
| Delegate Spending | $50,264,576 | $0 | N/A | $90,329,362 | $1,335,872 | 6662% |
| Boardwalk Hall Bookings | ||||||
| # of Shows | 5 | 0 | N/A | 14 | 0 | N/A |
| # of Attendees | 29,445 | 0 | N/A | 84,594 | 0 | N/A |
| Hotel Bookings | ||||||
| # of Shows | 18 | 11 | 64% | 54 | 31 | 74% |
| # of Room Nights | 10,763 | 17,406 | -38% | 41,034 | 29,613 | 39% |
| # of Attendees | 9,235 | 6,058 | 52% | 56,758 | 29,441 | 93% |
| Delegate Spending | $5,492,870 | $9,295,292 | -41% | $26,935,930 | $17,391,985 | 55% |
| Monthly Totals | ||||||
| # Convs_Trade_Mtgs / Boardwalk Hall / Hotel | 32 | 11 | 191% | 104 | 33 | 215% |
| # of Room Nights | 22,901 | 17,406 | 32% | 94,016 | 31,391 | 199% |
| # of Attendees | 91,816 | 6,058 | 1416% | 398,201 | 30,677 | 1198% |
| Delegate Spending | $55,757,446 | |||||