• Thu. May 13th, 2021

Atlantic Metropolis Casinos Come Roaring Again, March Gaming Win Totals $359M

BySpeed Casino

Apr 17, 2021

Posted on: April 16, 2021, 02:44h. 
Final up to date on: April 16, 2021, 03:25h.

Devin O’Connor Learn Extra

Atlantic Metropolis casinos loved their finest month for the reason that onset of the pandemic started early final 12 months. However total, on line casino earnings in 2020 had been down 80 p.c from 2019.

Gamblers play slot machines at Arduous Rock in Atlantic Metropolis. The 9 casinos on the town posted robust income numbers for the month of March 2021. (Picture: The Each day Journal)

Brick-and-mortar gross gaming income (GGR) from slot machines and desk video games totaled $184.8 million. That’s a 116 p.c year-over-year improve, because the 9 casinos in Atlantic Metropolis had been pressured to shutter operations in mid-March of 2020 on New Jersey Gov. Phil Murphy’s (D) orders.

On-line gaming, together with income from poker charges, gained simply shy of $113.7 million. iGaming continues to increase its GGR, as March 2021 was a 75 p.c surge on March 2020. Sportsbooks saved $60.7 million of the bets wagered. Deal with — or the amount of cash risked at sportsbooks — was $859.6 million. 

All mixed, New Jersey’s gaming trade reported March 2021 income of $359.2 million. That’s up 120 p.c year-over-year.
Gaming stories for a number of states had been launched as we speak, one being Pennsylvania. The Keystone State has surpassed New Jersey to develop into the No. 2 richest gaming trade market within the US, behind solely Nevada. Pennsylvania GGR totaled $403.1 million final month. 
Constructive Development
March 2021 simply topped March 2020, because the market situations had been rather more favorable due to the casinos being open all through your entire month. However even when evaluating final month to March 2019, the $359.2 million haul remains to be 18 p.c greater.
Quite a few COVID-19 laws stay in place in Atlantic Metropolis. Every on line casino is restricted to working at 50 p.c of its fireplace code capability. Extra troublesome, on line casino executives declare, is that smoking indoors on the on line casino flooring stays on maintain. 

Clearly, COVID, the occupancy restrictions in place, and smoking ban are negatively affecting the market’s capability to completely rebound,” Arduous Rock Atlantic Metropolis President Joe Lupo advised the Related Press. 

Regardless of a most tough 12 months, Arduous Rock reported a gross working revenue in 2020 of almost $11 million. It ended the 12 months robust, because the Boardwalk on line casino turned in a $12.5 million working revenue within the remaining quarter. 
Anti-casino advocates disagree that the momentary smoking ban is hurting Atlantic Metropolis’s casinos. The Individuals for Nonsmokers’ Rights stated as we speak that current sturdy income stories for casinos exhibits that the smoking suspensions are usually not turning away gamblers. 
Borgata High Operator
MGM Resorts’ Atlantic Metropolis on line casino led the best way final month in whole GGR. The Borgata gained over $89 million from gamblers, together with $46.5 million at its bodily on line casino and $36.1 million on-line. 
Arduous Rock was second at roughly $69.9 million. The on line casino is the net gaming chief in New Jersey, its Golden Nugget On-line Gaming unit reporting iGaming win of $31.1 million. 
As for sports activities betting, the Meadowlands and accomplice FanDuel proceed to dominate. The in-person and on-line sportsbook reported income of $31.2 million, or greater than half of the state sports activities betting win. Resorts and accomplice DraftKings had been a distant second at $14.1 million.

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