New Jersey Casinos Post Strong May Results

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Alan Campbell

Updated by Alan Campbell

Last Updated 17th Jun 2024, 03:54 PM

New Jersey Casinos Post Strong May Results

The nine resort casinos in Atlantic City and elsewhere in New Jersey had a successful May as their aggregated casino win increased by 10.2% month-on-month and 5.2% year-on-year to top $239.1 million.

Figures from the New Jersey Division of Gaming Enforcement show this result took the properties’ combined five-month casino win tally up by almost one percent year-on-year to just north of $1.11 billion.

Dominant Destinations

The 2,767-room Borgata Hotel Casino & Spa property from operator MGM Resorts International led the way as its casino win for May rose by 1.5% year-on-year to approximately $61.4 million. This was followed by a 28.6% improvement to about $49.9 million for the nearby Hard Rock Hotel & Casino Atlantic City facility, while the 20-acre Ocean Casino Resort venue recorded a 7.5% boost to roughly $31.9 million.

For its part, the 2,364-room Tropicana Atlantic City enterprise from Caesars Entertainment Incorporated saw its casino win for May dip by some 7% year-on-year to slightly beyond $20 million, while the same operator’s Harrah’s Resort Atlantic City and Caesars Atlantic City venues chalked up similar declines to $18.2 million and $17.9 million, respectively.

However, the Resorts Casino Hotel facility from Mohegan Gaming and Entertainment posted May casino win of $13.6 million, which represented an upturn of 1.5% year-on-year, while the Golden Nugget Atlantic City property recorded an around 7% improvement to $13.5 million,

Nevertheless, the 1,214-room Bally’s Atlantic City facility was left bringing up the rear as its casino win for May plummeted by 5.8% year-on-year to a disappointing $12.4 million.

Online Optimism

These properties are additionally responsible for a raft of locally-licensed online casinos that saw their aggregated May net gaming revenues improve by 2.2% month-on-month and 18.7% year-on-year to $192.1 million. This impressive result took the various sites’ combined win for the initial five months of 2024 to $942.8 million, which is far above the $781.5 million they recorded for the analogous period last year.

At the head of this pack was Golden Nugget Atlantic City, as its online enterprise celebrated a boost in May net gaming revenues of almost 25% year-on-year to $54.2 million. 

This was trailed by Resorts Casino Hotel with its various iGaming properties, which posted an 18% swell to $49.2 million while the skin from Borgata Hotel Casino & Spa experienced a slight decrease in win to $43.9 million.

Admirable Achievement

All of this helped to take aggregated May gaming revenues from all of the casinos, racetracks, sportsbooks and online enterprises in New Jersey to $510 million, which was 8.3% higher than the $470.9 million recorded for the same 31-day period last year. 

For the five-month cycle, the picture was even rosier, as the eastern state’s finishing tally of $2.57 billion was 13.1% above the $2.27 billion announced at this same stage in 2023.

Meet The Author

Alan Campbell
Alan Campbell

Alan Campbell has been reporting on the global gambling industry ever since graduating from university in the late-1990s with degrees in journalism, English and history. Now headquartered in the northern English city of Sheffield, he has written on a plethora of topics, companies, regulatory developments and technological innovations for a large number of traditional and digital publications from around the planet.

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