Atlantic City casinos lean hard on betting, iGaming as land-based ops slide

Atlantic City casinos managed to hold their November losses to single-digit territory, but only because their online casino and sports betting operations are shouldering more of the load.

On Monday, the New Jersey Division of Gaming Enforcement reported that AC’s nine casinos generated combined brick-and-mortar slots and table game revenue of nearly $146.6m in November, a 34.6% fall from November 2019 and 21.2% below October 2020’s total. 

However, thanks to the $114.3m brought in by the state’s sportsbooks and online casinos last month, November’s overall revenue figure was down only 9.6% year-on-year to $260.9m.  

November’s brick-and-mortar losses were broad-based, with slots down 35% to $101.8m while tables dipped one-third to $44.7m. For the year-to-date, brick-and-mortar slots & tables are down nearly 45% to $1.365b, setting the market up for its first year of negative growth since 2015 once December’s stats are in the books.