Gaming revenue for Atlantic City casinos increases in May

May marks another successful month for Atlantic City's nine casinos, judging by details released by the New Jersey Division of Gaming Enforcement (DGE) last week. The total gaming revenue in May for casinos, racetracks and their partners hit $430.6m, up 15.1% when compared to the $374.2m reported from the same period the prior year.

Similarly, year-to-date revenue increased as well. The DGE noted that year-to-date revenue for casinos, racetracks and their partners last month hit $2.03bn. This marked a strong 18.1% increase when compared to the $1.72bn in year-to-date revenue reported for the same period the year before.

A breakdown of the $430.6m in total gaming revenue shows that casino win last month was $233m, up 9.3% when compared to the $213.1m reported for the same month last year. Additional breakdown of the casino win reveals that slot machine win last month was $174.3m, up 10.5%, while table game win hit $58.7m, up 6.1%, when compared to May 2021.

Strong revenue growth in May was observed within the internet gaming operations. Overall, the internet gaming win last month was $136m, marking a significant 25.7% increase when compared to the same period last year.

Similarly, the operators' sports wagering revenue increased as well by hitting $61.6m. This marked an increase of 8.7m or 16.4% when compared to the $52.9m in sports wagering revenue reported for May last year. While sports wagering revenue grew last month, the betting handle decreased. In May this year, the total sports wagering handle was $766.4m, down nearly 6% when compared to the $814.3m in betting handle from the same month last year.

Last month was a strong month for Golden Nugget. The venue's total gaming revenue in May this year hit $42.7m. When compared to May 2021, when the venue's gaming revenue halted at $13.2m, this result marks a significant 222% increase.

Bally's was another operator that has seen an increase in its revenue last month. The operator reported a total of $16.8m in gaming revenue last month, marking a 33.3% increase when compared to May 2021, when the total gaming win halted at $12.6m.

Resorts Digital reported a similar increase in its revenue for May. The property's total gaming revenue last month increased 32.1% to $41.1m when compared to the $31.1m from the same period in 2021.

Not unexpectedly, May was a strong month for the Borgata as well. Last month, the venue's total gaming revenue hit $112.4m, marking a 31.8% increase when compared to the $85.3m from the same period last year.

May was a strong month for Tropicana and Hard Rock. Last month, Tropicana's total gaming revenue increased by 17% to $30.9m, while Hard Rock's total gaming revenue hit $48.6m, up 16.9% when compared to May 2021.

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