May 2024
In LIGHT of the data.
Both brick-and-mortar and total gross gaming revenues (GGR) compared favorably to
May 2023 and April 2024, turning in totals that were the highest seen in recent years.
Brick-and-mortar revenue for the month exceeded 2019 (best May since 2014) and total
GGR for the month was the best May seen since before 2011.
Despite a slow start to the year, revenues in May brought brick-and-mortar operations
in 2024 to near level with 2023, while total GGR for the year-to-date continued an
upward trend buoyed by gains in internet and sports wagering revenues.
While revenues increased, so have expenses, and while revenues for the month and year-to-date
compare favorably to prior periods, they may not translate into similar increases
in gross operating profit down the line.
Inflation impacts both operators (in the form of costs of goods and wages) and consumers
(in the form of prices), so it is especially Interesting that, even in times of inflationary
pressure, consumers still seem willing to spend their discretionary money with New
Jersey鈥檚 casino operators.
Atlantic City Gaming Win & Total Casino Revenue
Source:
| Monthly Revenue (Casino Licensees, $ In Thousands |
May 2024 |
% Change from Prior Year | May 2023 | YTD
2024 |
% Change from Prior Year | YTD 2023 |
|---|---|---|---|---|---|---|
| Casino Gaming Win | 239,131 | 5.2% | 227,347 | 1,112,019 | -0.2% | 1,114,112 |
| Internet Gaming Win | 192,073 | 19.0% | 161,412 | 942,763 | 20.6% | 781,520 |
| Sports Wagering Revenue | 36,026 | 4.0% | 34,654 | 187,422 | 22.8% | 152,630 |
| Total Gaming Win (includes Internet & Sports Wagering) | 467,230 | 10.3% | 423,412 | 2,242,205 | 9.5% | 2,048,263 |
| Quarterly Revenue (Industry, $ In Thousands)** | Q1 2024 | % Change from Prior Year | Q1 2023 | YTD March 31, 2024 | % Change from Prior Year | YTD March 31, 2023 |
|---|---|---|---|---|---|---|
| Casino | 417,741 | -0.4% | 419,324 | 417,741 | -0.4% | 419,324 |
| Rooms | 148,126 | 6.1% | 139,649 | 148,126 | 6.1% | 139,649 |
| Food & Beverage | 129,686 | 0.4% | 129,135 | 129,686 | 0.4% | 129,135 |
| Entertainment & Other | 72,359 | 5.6% | 68,530 | 72,359 | 5.6% | 68,530 |
| Casino Licensees Total Revenue | 769,923 | 1.8% | 756,638 | 769,923 | 1.8% | 756,638 |
| Gross Operating Profit (GOP) | 155,397 | -8.7% | 170,177 | 155,397 | -8.7% | 170,177 |
** Data agregated from New Jersey Division of Gaming Enforcement for individual properties, includes amended totals as of August 22, 2023. 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, 2024 & 2023 |
Q1 2024 | Q1 2023 | YTD 2024 | YTD 2023 |
|---|---|---|---|---|
| Occupancy percentage | 64.82% | 65.18% | 64.82% | 65.18% |
| Average Daily Room Rate (ADR) | $164.20 | $156.52 | $164.20 | $156.52 |
| Revenue Per Available Room (RevPAR)* | $106.40 | $102.02 | $106.40 | $102.02 |
* RevPAR= ADR X Occupancy Percentage
Atlantic City Casino Operator Taxes & Fees
Source:
Total Paid Taxes & Fees |
$214,709,000 | $181,307,000 | 18.4% | |||
|---|---|---|---|---|---|---|
Taxes & Fees |
Q1 2024 | Q1 2023 | % | |||
|
Casino Gaming Gross Revenue Tax |
$42,013,000 | $41,808,000 | 0.5% | |||
|
Internet Gaming Gross Revenue Tax |
$84,576,000 | $69,260,000 | 22.1% | |||
|
Sports Wagering - Retail Gross Revenue Tax (includes racetracks) |
$866,000 | $735,000 | 17.8% | |||
|
Sports Wagering - Internet Gross Revenue Tax (includes racetracks) |
$41,479,000 | $27,740,000 | 49.5% | |||
| Investment Alternative Tax/CRDA Obligations | $22,297,000 | $19,739,000 | 13.0% | |||
| 1.25% Additional Tax | $1,525,000 | $1,132,000 | 34.7% | |||
| 1.25% EDT | $2,582,000 | $1,657,000 | 55.8% | |||
| Luxury Tax | $9,074,000 | $8,654,000 | 4.9% | |||
| Tourism Promotion Fee | $1,825,000 | $1,876,000 | -2.7% | |||
| Hotel Room Fee | $2,706,000 | $2,677,000 | 1.1% | |||
| Hotel Room Surcharge | $1,804,000 | $1,784,000 | 1.1% | |||
| Parking Fees | $3,962,000 | $4,245,000 | -6.7% | |||
Atlantic City Casino Operator Spending
Source: - Member Reported
| Total | $195,709,608.74 | $166,359,279.56 | 17.64% | ||
|---|---|---|---|---|---|
Purchase of Goods and Services From New Jersey Vendors(By County) |
Q4 2023 | Q4 2022 | % Change | ||
| Atlantic | $104,259,719.11 | $105,505,857.06 | -1.18% | ||
| Bergen | $3,824,016.84 | $3,270,061.78 | 16.94% | ||
| Burlington | $3,748,472.55 | $5,605,478.74 | -33.13% | ||
| Camden | $5,710,417.47 | $6,146,934.11 | -7.1% | ||
| Cape May | $1,973,663.17 | $1,579,216.09 | 24.98% | ||
| Cumberland | $5,057,329.16 | $6,030,951.57 | -16.14% | ||
| Essex | $10,882,741.16 | $7,678,367.27 | 41.73% | ||
| Gloucester | $1,887,327.78 | $1,936,096.3 | -2.52% | ||
| Hudson | $429,999.969 | $498,204.85 | -13.69% | ||
| Hunterdon | $43,220.22 | $55,761.85 | -22.49% | ||
| Mercer | $6,323,970.47 | $6,506,703.72 | -2.81% | ||
| Middlesex | $2,701,846.96 | $3,717,282.54 | -27.32% | ||
| Monmouth | $2,779,287.96 | $3,806,751.83 | -26.99% | ||
| Morris | $2,441,912.24 | $4,440,407.01 | -45.01% | ||
| Ocean | $920,066.49 | $505,796.14 | 81.90% | ||
| Passaic | $1,055,955.44 | $924,441.32 | 14.23% | ||
| Salem | $96,747.31 | $20,920.11 | 362.46% | ||
| Somerset | $1,927,588.7 | $1,877,649.47 | 2.66% | ||
| Sussex | $8,492.97 | $5,640.00 | 50.58% | ||
| Union | $4,545,688.69 | $6,239,387.54 | -27.15% | ||
| Warren | $1,096.77 | $7,370.26 | -85.12% | ||
Other Spending |
Q4 2023 | Q4 2022 | % | |||
|---|---|---|---|---|---|---|
| Capital Expenditures | $64,227,515 | $71,180,013 | -9.77% | |||