Atlantic City Casino Revenues Increase for January 2022

Atlantic City casinos

The January 2022 reports are in, and Atlantic City casinos were able to see an almost 15% increase in earnings when compared to 2021.

Atlantic City is one of the busiest gambling areas in the United States, with visitors enjoying both land-based and online services. The New Jersey Division of Gaming Enforcement recently announced that January revenue totals, with both sectors seeing a solid increase. Year over year, the collective total for online and land-based gaming was up over 15%, giving the industry a good head start on 2022.

Details of January Revenues

For the land-based casinos in Atlantic city, just over $183 million was generated in January. This was an increase of around 14.8% when compared to the same month last year. Online gambling came in at over $137 million. Sports bettors were out and about too, with over $1.3 billion in wagers posted. This was the highest ever monthly handle for the state. In total, the overall gambling industry for Atlantic City casino license holders came in at over $340 million, which is a 15.1% increase from January 2021.

It is important to note that land-based gaming is still on the downside. Last year, the industry reported less revenues than 2019 due to the continuation of the COVID-19 pandemic. For January 2022, the amount is still low if you look at 2019 totals. Reports show the figures are down over 5% from 2019 and over 10% when compared to 2020.

Seven of the casinos in Atlantic City reported less earnings from gambling in-person than 2019 and 2020. Is it because players are still shy about visiting due to COVID-19 or perhaps players are taking to online gaming instead? On the bright side, the Ocean Casino Resort, and the Hard Rock Hotel & Casino Atlantic City both were able to generate more revenues from land-based gaming.

Individual Breakdown of Revenues

Looking at the totals on an individual casino basis, there are a few properties that stand out above the rest. Borgata was the big earner, bringing in over $48.3 million for the month. The majority came from slot machine sat $33.9 million while table and other games generated $13.3 million, and poker earned just over $1.1 million.

Coming in second was Hard Rock Casino, bringing in $34.7 million in earnings. The casino slot machines generated $22.4 million while table games and other titles added $12.2 million to the total. Further behind in third place was Ocean Casino, with $24.1 million in earnings. $13 million came from slots and $3.8 from table games/other. Just over $256,000 was generated from the casino’s poker tables.

On the low end sits Resorts Casino and Bally’s. The two casinos earned the least amount for January. Resorts brought in just $9.2 million, with $7.4 million from slot games. Bally’s earned even less at $8.7 million with $5.7 million from slots and $3 million from table and other games.

Overall, the in-person gambling revenues decreased last year by 5% when compared to 2019. The decline could have been more but since Ocean and Hard Rock have been doing well, the percentage is much lower.

Will this year be different? Will the land-based totals start to climb in the coming months? It’s still too early to tell. A possible indoor smoking ban may play into revenue totals, if players are unwilling to visit as often due to no smoking. We will see over the next few months if the casinos are able to generate more revenues or if the decline will continue when compared to pre-pandemic totals.

Chief Editor: Mike leverages his true passion for online gambling to create a uniquely informative site that takes players well beyond the standard fare in the industry.