COVID-19 snaps Atlantic City casinos’ 21-month winning streak

Atlantic City casinos snapped their 21-month revenue growth streak in March following the mid-month closures aimed at stopping the spread of COVID-19.

On Wednesday, New Jersey’s Division of Gaming Enforcement announced that its nine casinos had generated combined slots and table revenue of slightly under $85.5m, a 61.7% decline from March 2019 and roughly the same slide from February 2020’s total.

The nine casinos (as well as the state’s three racetracks) were ordered to close their doors mid-month to minimize further COVID-19 transmission, snapping the market’s 21-month streak of annual gaming revenue gains.

The figure would have been much worse without the casinos’ online casino, poker and sports betting options, which added a combined $71.2m to March’s overall total. Counting those digital options, the market’s revenue was down 42.7% year-on-year to $156.7m.