November 2024 Snapshots
In LIGHT of the data.
Despite another record run from internet gaming, brick and mortar gaming held the top seat once more for Atlantic City's casino operators, representing the largest share of total gaming revenue at nearly $224 million for the month compared to $214 million from internet gaming and $66 million from sports wagering.
Internet gaming revenues exceeded last month's record high ($213 million) and captured more than $200 million in revenue for the third consecutive month. Statewide sports betting revenue increases for the month (approximately 24% over November 2023) were due to an increase in hold (9.0% compared to last year's 6%) as handle decreased 24.5% for the month ($1.22 billion) compared to November 2023 ($1.62 billion). At $556.9 million, state total gross gaming revenue for the month increased 15.4% over November 2023 ($482.4 million) and casino only total gross gaming revenue at $503.9 million increased 20.3% over November 2023 ($418.9 million) continuing a positive trend.
The calendar fell in the casino operators' favor this month with two additional weekend days compared to 2023. That will not be the case in December, when operators will have two fewer weekend days compared to the prior year. While monthly numbers give us a snapshot of the industry, and the year as it develops (fluctuating with favorable and unfavorable calendar breaks such as we see this month and next), year-to-date figures give us a better impression of long-term trends.
At $2.59 billion for the year-to-date, 2024 brick and mortar casino revenue is currently 1.1% behind 2023 ($2.62 billion). Given the unfavorable calendar for December 2024, it would have to be an exceptional month for Atlantic City's casinos to surpass 2023 for total year-end brick-and-mortar revenue in 2024. Totalgross gaming revenue for casino operators, however, is on track for another impressive year at $5.21 billion already in the year to date compared to year-to-date November 2023 ($4.8 billion) and year-end 2023 ($5.24 billion).
Atlantic City Gaming Win & Total Casino Revenue
Source:
| Monthly Revenue (Casino Licensees, $ In Thousands |
November 2024 |
% Change from Prior Year | November 2023 | YTD
2024 |
% Change from Prior Year | YTD 2023 |
|---|---|---|---|---|---|---|
| Casino Gaming Win | 223,948 | 4.2% | 214,932 | 2,585,754 | -1.1% | 2,615,467 |
| Internet Gaming Win | 214,022 | 24.7% | 171,591 | 2,159,153 | 23.8% | 1,743,434 |
| Sports Wagering Revenue | 65,897 | 103.4% | 32,394 | 462,609 | 10.3% | 419,236 |
| Total Gaming Win (includes Internet & Sports Wagering) | 503,868 | 20.3% | 418,917 | 5,207,516 | 9.0% | 4,778,136 |
| Quarterly Revenue (Industry, $ In Millions)** | Q3 2024 | % Change from Prior Year | Q3 2023 | YTD September 30, 2024 | % Change from Prior Year | YTD September 30, 2023 |
|---|---|---|---|---|---|---|
| Casino | $431.61 | -0.4% | $433.5 | $1,263.01 | -0.7% | $1,272.122 |
| Rooms | $238.33 | -9.4% | $263.11 | $569.15 | -2.3% | $582.39 |
| Food & Beverage | $165.13 | -2.4% | $169.14 | $439.40 | -0.0% | $439.24 |
| Entertainment & Other | $108.10 | 1.9% | $106.03 | $271.30 | 6.97% | $253.62 |
| Casino Licensees Total Net Revenue | $943.16 | -2.9% | $971.78 | $2,542.85 | -0.2% | $2,547.38 |
| Gross Operating Profit (GOP) | $242.86 | -13.6% | $281.21 | $576.64 | -8.8% | $632.13 |
** Data agregated from New Jersey Division of Gaming Enforcement for individual properties, includes amended totals as of November 22, 2024. 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 September 30, 2024 & 2023 |
Q3 2024 | Q3 2023 | YTD 2024 | YTD 2023 |
|---|---|---|---|---|
| Occupancy percentage | 84.1% | 86.6% | 74.1% | 75.2% |
| Average Daily Room Rate (ADR) | $201.08 | $217.70 | $182.97 | $185.61 |
| Revenue Per Available Room (RevPAR)* | $169.20 | $186.39 | $135.64 | $139.51 |
* RevPAR= ADR X Occupancy Percentage
Atlantic City Casino Operator Taxes & Fees
Source:
Total Paid Taxes & Fees |
231,340 | 211,573,000 | 9.34% | |||
|---|---|---|---|---|---|---|
Taxes & Fees |
Q3 2024 | Q3 2023 | % | |||
|
Casino Gaming Gross Revenue Tax |
$50,609,000 | $51,364,000 | -1.47% | |||
|
Internet Gaming Gross Revenue Tax |
$90,330,000 | $70,998,000 | 27.23% | |||
|
Sports Wagering - Retail Gross Revenue Tax (includes racetracks) |
$942,000 | $763,000 | 23.46% | |||
|
Sports Wagering - Internet Gross Revenue Tax (includes racetracks) |
$32,493,000 | $33,546,000 | -3.14% | |||
| Investment Alternative Tax/CRDA Obligations | $25,017,000 | $22,043,000 | 13.49% | |||
| 1.25% Additional Tax | $1,775,000 | $2,131,000 | -16.66% | |||
| 1.25% EDT | $ 1,494,000 | $1,223,000 | 22.16% | |||
| Luxury Tax | $ 15,129,000 | $15,724,000 | -3.78% | |||
| Tourism Promotion Fee | $2,530,000 | $2,559,000 | -1.09% | |||
| Hotel Room Fee | $ 3,555,000 | $3,625,000 | -1.90% | |||
| Hotel Room Surcharge | $2,370,000 | $2,418,000 | -1.99% | |||
| Parking Fees | $5,092,000 | $5,179,000 | -1.66% | |||
Atlantic City Casino Operator Spending
Source: - Member Reported
| Total | $154,678,000 | $183,102,000 | -15.5% | ||
|---|---|---|---|---|---|
Purchase of Goods and Services From New Jersey Vendors(By County) |
Q2 2024 | Q2 2023 | % Change | ||
| Atlantic | $100,051,000 | $129,091,000 | -22.5% | ||
| Bergen | $2,542,000 | $3,808,000 | -33.3% | ||
| Burlington | $3,859,000 | $5,057,000 | -23.7% | ||
| Camden | $5,117,000 | $6,243,000 | -18.0% | ||
| Cape May | $2,021,000 | $2,834,000 | -28.7% | ||
| Cumberland | $5,585,000 | $6,628,000 | -15.7% | ||
| Essex | $10,880,000 | $5,005,000 | 117.4% | ||
| Gloucester | $2,621,000 | $2,269,000 | 15.5% | ||
| Hudson | $621,000 | $800,000 | -22.4% | ||
| Hunterdon | $28,000 | $32,000 | -12.0% | ||
| Mercer | $3,690,000 | $678,000 | 444.2% | ||
| Middlesex | $3,425,000 | $3,422,000 | 0.1% | ||
| Monmouth | $2,689,000 | $3,195,000 | -15.8% | ||
| Morris | $1,565,000 | $1,285,000 | 21.8% | ||
| Ocean | $880,000 | $1,413,000 | -37.7% | ||
| Passaic | $926,000 | $777,000 | 19.1% | ||
| Salem | $122,000 | $81,000 | 50.3% | ||
| Somerset | $2,630,000 | $2,132,000 | 23.4% | ||
| Sussex | $0 | $10,000 | -100.0% | ||
| Union | $5,421,000 | $7,258,000 | -25.3% | ||
| Warren | $4,000 | 1,000 | 245.4% | ||
Other Spending |
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