New Jersey Casinos Make $234 Million in October, Up 12.5% YoY

Casinos in New Jersey generated $234,7 million in October, a 12.5% year-on-year increase from the $208.7 million generated in October 2024. 

Of the total, slots generated $174.4 million, a 9.1% increase from $159.9 million, while table games generated $60,3 million, a 23.5% year-on-year increase from $48.8 million. 

In other news, Senator Polistinia has announced plans to draft legislation to renew the Municipal Stabilization and Recovery Act, which, if passed, would grant the authority of Atlantic City to the New Jersey Department of Community Affairs for another 10 years. 

Minor Losses and Major Wins for Atlantic City 

The latest report from the New Jersey Attorney General shows that of the nine casinos in the state, only two saw year-on-year revenue declines. 

The Borgata Hotel Casino saw the highest revenue increase year-on-year, rising in the double digits by 28.2% from $53.4 million to $68.5 million. This was also the highest recorded revenue in the state. 

Additionally, four other casinos saw revenue increase by double digits, including the Ocean Casino Resort, which saw a 20% increase from $32.9 million to $39.4 million, and the Harrah’s Atlantic City Casino, which rose 11% from $15.8 million to $17.5 million. 

The two casinos in the state that saw revenue decline include Bally’s Atlantic City, which experienced a 1.2% decrease from $11.5 million to $11.3 million. The biggest loser was the Tropicana Casino, which saw revenue decrease 8.9% from $17.6 million to $16.1 million. 

Senator Polistina Drafts Legislation For the State to Continue To Assist A.C

Set to expire in December 2025, the Municipal Stabilization and Recovery Act (MSRA) was enacted in 2016 to grant the New Jersey Department of Community Affairs (NJDCA) authority over Atlantic City. 

Senator Polistina announced in October that he would be working with the Office of Legislative Services to draft legislation that would enable that authority to continue for another 10 years. 

Sen Polistina said, “Since 2016, the State of New Jersey has been an active partner with the City in managing its operations and addressing significant debt issues. With increased gaming competition from New York City and the ongoing desire by North Jersey legislators for gaming in North Jersey, it’s more important than ever that the State and City continue working together for the benefit of all residents.”

Additionally, he has introduced two bills that would help the Casino Reinvestment Development Authority retain a higher share of casino revenue in the state to reinvest into redevelopment funds and local businesses.