December Casino Revenue Atlantic City Boosts Strong 2023 Finish with Record Earnings

posted by Ivanovici Radu
January 25, 2024

In 2023, December casino revenue Atlantic City witnessed a notable upturn, reaching nearly $232.5 million, a 7.8% increase year-over-year, according to the New Jersey Division of Gaming Enforcement. Furthermore, the annual in-person gambling revenue for 2023 rose by 2.2%, hitting $2.85 billion, the highest since 2013. However, the year’s performance varied among casinos and some operators didn’t hop on this train — for example, Borgata Hotel Casino & Spa stood out as an exception, not surpassing its revenue from December 2022.

Our experts at Jersey Casinos offer a restructured perspective on these diverse outcomes of AC casino revenue. Let’s see how your favorite casinos performed last year.

December Casino Revenue Atlantic City: Insights Into Mixed Casino Performances

Despite the boost in December casino revenue Atlantic City, the year’s overall gambling profits slightly declined, affecting various sectors. Notably, sports betting and online gambling earnings decreased. Yet, the growth in in-person Atlantic City Casino revenue 2023 stands out, contrasting with the broader market’s downturn.

The top performing land-based casinos in New Jersey demonstrated resilience amidst these mixed trends. Borgata Hotel Casino & Spa, despite a slight dip in December, reported $729.7 million from tables and slots in 2023, a modest 0.7% increase from 2022.

Hard Rock Hotel & Casino Atlantic City and Ocean Casino Resort also showed strong performances. Hard Rock generated $44.9 million in December, a significant 19.9% year-over-year (YoY) increase, and netted $512.4 million in 2023, marking an annual increase of 4.1%.

Ocean Casino Resort was the market’s biggest mover in 2023, with a 16.3% increase in YoY land-based gambling revenue, finishing the year with $415 million in annual revenue.

Here’s a detailed overview of each casino’s revenue:

CasinoTotal Gaming WinTable GamesPokerSlot Machines
Hard Rock$44,890,814$13,279,030$31,611,784
Ocean Casino$33,136,603$8,431,772$24,704,831
Golden Nugget$11,033,660$1,463,642$9,570,018

Ups and Downs for Caesars’ Atlantic City Properties

The three casinos operated by Caesars Entertainment in Atlantic City have experienced a year of mixed fortunes in 2023. Each property displayed unique trends in its financial performance.

At Caesars Casino Atlantic City, December brought a surge in revenue, reaching $18.8 million. More specifically, it represents a significant 13.2% increase from the previous year. This uptick was a highlight in an otherwise subdued year, as the casino’s annual revenue dipped to $231.4 million. In other words, this marks a 1.7% decrease from 2022.

Harrah’s Casino Atlantic City Resort also witnessed a modest uptick in December casino revenue Atlantic City. It climbed to $20.9 million, up 3.1% year-over-year. Despite this end-of-year boost, the casino’s overall annual AC casino revenue fell to $254.1 million, a 1.5% decline from the preceding year. Goes to show that the late-year growth wasn’t enough to reverse the broader annual revenue slump.

Tropicana Casino Atlantic City stood out with a remarkable 15% revenue increase in December, garnering $21 million. However, this impressive monthly performance contrasted sharply with the casino’s yearly outcome. Tropicana’s total 2023 revenue fell by 3.3%, amounting to $240.6 million.

While there were pockets of success, particularly towards the year’s end, the overall Atlantic City Casino revenue 2023 figures paint a picture of an industry grappling with inconsistency and change.

Successes and Struggles of AC’s Smaller Casinos

Golden Nugget Atlantic City saw a slight December revenue boost of 1.3%. The figures go beyond $11 million, but faced a near 2% annual decrease, totaling $146.1 million.

On a similar note, Bally Casino Atlantic City celebrated a fruitful 2023. It enjoyed a consistent rise in land-based revenue, including a 5.1% increase in December casino revenue Atlantic City to $11.5 million. Additionally, it saw a yearly uptick of 0.8%, amassing nearly $155.2 million.

Furthermore, Resorts Casino Atlantic City Hotel experienced an 11% December revenue jump to $12.5 million. However, it also encountered a 2% annual drop, earning $163.5 million.

December AC Revenue Shows Significant Growth in Atlantic City Gambling

The last month of 2023 marked a notable upswing for AC’s gambling industry, with total December casino revenue Atlantic City. Encompassing casino wins, internet gaming, and sports wagering, it soared by 14.7% compared to the same period in 2022.

The year’s cumulative gambling revenue impressively exceeded $5.2 billion. This growth was bolstered by a 15.7% increase in NJ online casino revenue and a remarkable 60.6% surge in sports betting revenue associated with Atlantic City casinos and their digital partners.

This overall growth in Atlantic City casinos revenue at the end of 2023 significantly shapes the narrative of the city’s gambling industry, reflecting a vibrant and expanding market.

Insights into the company’s financial performance are detailed in the recent months’ revenue figures

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