Atlantic City Gambling Revenue up 30%

Industry

Casinos in New Jersey have reason to celebrate, as Atlantic City gambling revenue seems to have bounced back from the pandemic slump. The numbers from August are in and show a 31% growth from 2020, with nearly $430 million taken in.

The New Jersey Division of Gaming Enforcement reports that while land based casinos generated over $262 million, online gambling was able to add another $113 million to the bottom line. Sports betting accounted for the remaining $52 million.

The growth of sports betting is expected to continue across the country, not just in New Jersey. That growth will be helped most by the NFL season, which just kicked off in September.

For Atlantic City gambling revenue, however, the year-to-date totals look good, sitting at nearly $3 billion. That would represent a healthy 85% increase from just over $1.6 billion last year.

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