In this June 20, 2019 photo, players gather around a table for a game of craps at the Hard Rock casino in Atlantic City N.J. New Jersey's casinos won nearly $3.3 billion from gamblers in 2019, the first time since 2012 that the Atlantic City gambling halls had won more than $3 billion, according to figures released Tuesday, Jan. 14, 2020, by the New Jersey Division of Gaming Enforcement. New Jersey Gambling Revenue In this June 20, 2019 photo, players gather around a table for a game of craps at the Hard Rock casino in Atlantic City N.J.

1. Through the first six months of 2019, gross operating profits for Atlantic City casinos are down 16.8% compared to the first half of 2018. The industry has reported operating profits of $245.
2. For 2019 as a whole, total revenue was up 9.5% to $3.16b, despite every casino besides Hard Rock and Ocean (and the two digital-only ops) reporting negative revenue growth. The Borgata fell 1.3% to.

Over the past year, Atlantic City has grown to become one of the most profitable gambling hubs in the country. New reports show that Atlantic City casino revenue increased massively in 2019’s third quarter. It’s fantastic news for the state and casino companies operating here.

Both sports betting and casino gambling continues to generate revenue here. Let’s take a look at exactly how much money the city’s gambling industry managed to generate over the past several months.

New Reports Show Atlantic City Casino Revenue is Increasing

You can’t cover the US casino industry without talking about Atlantic City. Decades ago, this was one of the most profitable gambling markets in the world. Unfortunately, the recession took a major toll on this city and it seemed on the brink of collapse.

Recently, however, things have improved dramatically. Revenue in this city has continued to increase for almost all of 2019. There are a few major reasons why this is.

The legalization of sports betting is certainly helping. New Jersey made sports gambling legal in May of 2018. Every casino in the state now operates a sportsbook. It’s helped to generate millions of dollars for the state government via taxes. New Jersey now has the most profitable sports betting market in the world.

New reports show that Atlantic City casino revenue increased massively during this year’s third quarter. Gross profit for the three months increased to $26.5 million, representing a 12.5% increase from the same time period in 2018. Atlantic City’s nine casinos generated $928.9 million in net revenue.

Things are looking very good here. Based on the way things are going, this will be the best year in the city’s history.

Which Casinos Generated the Most Money in Q3?

July, August, and September are all popular gambling months. It’s not a huge surprise to see so much money flowing into the casinos during this quarter. Some casinos managed to earn considerably more than others, though.

Borgata Casino generated the most money. It’s the most popular casino in the city and blew all of its competitors out of the water. In total, this gambling venue brought in $210,141,863. Hard Rock Atlantic City brought in the second-most money at $106,663,788.

These properties have reason to celebrate. James T. Plousis, Casino Control Commission Chairman in NJ, states that non-gambling amenities in the city proved successful last quarter, too.

“Positive trends also continued with important tourism indicators,” he said. “Non-gaming amenities continue to create a competitive advantage, and visitors like the diverse dining, entertainment and leisure activities that Atlantic City has to offer.”

Atlantic City Casino Revenue December 2019

Just about every casino had a solid few months. Things are obviously slowing down as winter approaches yet many are still generating more money than they did last year.

Atlantic City Casino Revenue February 2019

Sports Betting Revenue Surges in AC, As Well

Atlantic City Casino Revenue July 2019

There’s never been a better time to be a sports fan in Atlantic City. Sportsbooks in this city are continuing to improve. Both online and land-based sports gambling is legal here. For almost all of 2019, revenue from this industry has increased.

In October, sports betting helped to increase gambling revenue in this city to $266.23 million. Statewide, sports bettors here placed $487.9 million in legal sports wagers last month. 85% of these bets were placed online.

Altogether, more than $3.5 billion has been spent on sports bets in this state.

“New Jersey sportsbooks have surpassed Nevada’s in recent months, and it continues to show significant promise for the gaming industry,” said Steve Callender, president of the Casino Association of New Jersey and senior vice president of operations for the East Region of Tropicana Atlantic City’s parent company, Eldorado Resorts Inc.“We are optimistic as we approach the end of this year that we will finish 2019 out in a strong position.”

Atlantic City casino revenue and sports betting revenue continue to increase. This city has the potential to become the country’s true gambling center.

Stay tuned for more Atlantic City gambling news over the next few months!

Atlantic City casinos have recorded a positive growth in the third quarter of 2019. The growth has been achieved due to reduced marketing expenses at Hard Rock Ocean Casino resort.

Data supplied by the New Jersey Division of Gaming Enforcement indicate that the company Gross Operating Profits (GOP) from July to September was $239.4 million. This is equivalent to 12.5 percent growth when compared to the same period in 2018. Hard Rock and Ocean Casino reopened in June 2018; the two casinos spent heavily on the advertisements to attract customers and enhance their market share.

Atlantic City Casino Revenue June 2019

Quarterly Performance

Atlantic City gaming activity are now as usual soon after Hard Rock and Ocean abandoned their boisterous advertisements. According to Casino.org, MGM’s Borgata remained the most profitable casino; it posted a $33 million, which was an 8 percent decline compared to the 2018 Q3. Marina District resort reported a 10.6 percent gain. The other casino Q3 gain was as follows;

• Tropicana posted $32.4 million, 1.9 percent gain
• Hard Rock posted $24.4 million, 1.95 percent
• Caesars posted $23.4 million, -18.4 percent
• Golden Nugget, $17.7 million, +30.1 percent
• Bally’s posted $14.2 million, -22.6 percent
• Ocean posted, $10.2 million, +1,660 percent
• Resorts posted $9.3 million, +1.7 percent.