Atlantic City’s nine casinos took in $266.76 million in revenue in May, up about 22 percent over May 2018.
It was the 12th straight month of revenue growth for the city, according to figures released by the New Jersey Division of Gaming Enforcement.
“The market’s momentum is pointing toward a great summer,” said state Casino Control Commission Chairman James Plousis. “With the most attractions and entertainment options in recent memory, Atlantic City is providing more reasons to visit for anyone seeking top gaming, leisure and recreation.”
Casino revenue has increased every month since the opening of the Hard Rock Atlantic City and Ocean Casino Resort in late June 2018. However, the addition of two new casinos has continued to cannibalize the city’s revenue with several casinos reporting more monthly declines.
According to an analysis by the Associated Press, the Golden Nugget had the largest revenue increase, up 10.3 percent to $31.2 million, Resorts was up 4.1 percent to $16.1 million and Caesars was up 3 percent to $22.9 million.
Tropicana had the biggest decline, down 14.6 percent to $29.3 million. Borgata was down 7.1 percent to $61.3 million. Harrah’s was down 6.7 percent to $25.6 million and Bally’s was down less than 1 percent to $16 million.
Casino win—combined revenue from table and slots—was up 15.3 percent in May over May 2018 with about $222.9 million reported. Only Resorts Casino Hotel (4.2 percent) and Caesars Atlantic City (3 percent) reported increases in brick-and-mortar casino win. Hard Rock and ocean Casino Resort saw $44.9 million of casino win.
Online gaming revenue continued its hot streak bringing in more than $38.3 million, a 57.8 percent increase over last year. The state’s record for online gaming revenue is $39.1 million set in March.
Through the first five months of 2019, online gaming revenue is up 34.9 percent to $179.4 million.
The state’s sportsbooks—which includes two through racetracks—handled more than $318.9 million in May. Since sports betting went live in the state in June 2018, the state’s handle has topped more than $3 billion and generated nearly $195 million in revenue. Atlantic City casinos made more than $5.5 million in sports betting revenue in May.