January 2025 Snapshots

 

LIGHT Snapshots

 
January 2025
 

In LIGHT of the data.

Atlantic City's nine casino hotels started 2025 off on the right foot with a 2.6% increase year-over-year in brick-and-mortar gaming revenue, and along with their internet gaming partners, Atlantic City operators also realized a nearly 21% year-over-year increase in internet gaming revenue. 
Brick-and-mortar gaming is not being left behind by internet gaming. While internet gaming again surpassed brick-and-mortar for total gaming revenue, brick-and-mortar still realized a year-over-year increase in January (despite harsher winter weather than we've seen recently). This is an encouraging sign for the year ahead. 

Sports wagering was also a bright spot for Atlantic City's operators and their partners. Retail sportsbooks in Atlantic City more than tripled their revenue for the month, and the casinos, along with their partners, realized a more than 16% increase in year-over-year online sports wagering revenue.  

It seems that in terms of revenues, casino sportsbooks performed better than racetrack sportsbooks this month, with casino sportsbooks showing year-over-year increases while racetracks saw declines. When activity from racetracks and their partners are included, New Jersey saw a 6.4% and 29% year-over-year decrease in retail and online sports wagering. 

Atlantic City's casinos and their partners saw a year-over-year increase of 12% realizing $496.4 million in January 2025 compared to $442.3 million in January 2024.

Atlantic City Gaming Win & Total Casino Revenue

Source:

Monthly Revenue (Casino Licensees, $ In Thousands

January 2025

% Change from Prior Year January 2024 YTD

 2025

% Change from Prior Year YTD   2024
Casino Gaming Win 210,058 2.6% 204,707 210,058 2.6% 204,707
Internet Gaming Win 221,604 20.9% 183,281 221,604 20.9% 183,281
Sports Wagering Revenue 64,750 14.8% 56,412 64,750 14.8% 56,412
Total Gaming Win (includes Internet & Sports Wagering) 496,411 11.6% 444,738 496,411 11.6% 444,738
Quarterly Revenue (Industry, $ In Millions)** Q3 2024 % Change from Prior Year Q3 2023 YTD September 30, 2024 % Change from Prior Year YTD September 30, 2023
Casino $431.61 -0.4% $433.5 $1,263.01 -0.7% $1,272.122
Rooms $238.33 -9.4% $263.11 $569.15 -2.3% $582.39
Food & Beverage $165.13 -2.4% $169.14 $439.40 -0.0% $439.24
Entertainment & Other $108.10 1.9% $106.03 $271.30 6.97% $253.62
Casino Licensees Total Net Revenue $943.16 -2.9% $971.78 $2,542.85 -0.2% $2,547.38
Gross Operating Profit (GOP) $242.86 -13.6% $281.21 $576.64 -8.8% $632.13

** Data agregated from New Jersey Division of Gaming Enforcement for individual properties, includes amended totals as of November 22, 2024. May not match totals from which represent a 'snapshot' of data at the time of publication and are not retroactively updated. 

Atlantic City Hotel Lodging

Source:

Casino Hotel Lodging Statistics
For the Period Ended
September 30, 2024 & 2023
Q3 2024 Q3 2023 YTD 2024 YTD 2023
Occupancy percentage 84.1% 86.6% 74.1% 75.2%
Average Daily Room Rate (ADR) $201.08 $217.70 $182.97 $185.61
Revenue Per Available Room (RevPAR)* $169.20 $186.39 $135.64 $139.51

* RevPAR= ADR X Occupancy Percentage

Atlantic City Casino Operator Taxes & Fees

Source:

Total Paid Taxes & Fees

231,340,000 211,573,000 9.34%

Taxes & Fees

Q3 2024 Q3 2023

Casino Gaming Gross Revenue Tax

 $50,609,000 $51,364,000 -1.47%

Internet Gaming Gross Revenue Tax

$90,330,000 $70,998,000 27.23%

Sports Wagering - Retail Gross Revenue Tax

(includes racetracks)

$942,000 $763,000 23.46%

Sports Wagering - Internet Gross Revenue Tax

(includes racetracks)

$32,493,000 $33,546,000 -3.14%
Investment Alternative Tax/CRDA Obligations $25,017,000 $22,043,000 13.49%
1.25% Additional Tax $1,775,000 $2,131,000 -16.66%
1.25% EDT $ 1,494,000 $1,223,000 22.16%
Luxury Tax $ 15,129,000 $15,724,000 -3.78%
Tourism Promotion Fee $2,530,000 $2,559,000 -1.09%
Hotel Room Fee $ 3,555,000 $3,625,000 -1.90%
Hotel Room Surcharge $2,370,000 $2,418,000 -1.99%
Parking Fees $5,092,000 $5,179,000 -1.66%

Atlantic City Casino Operator Spending

Source: - Member Reported

Total $154,678,000 $183,102,000 -15.5%

Purchase of Goods and Services From New Jersey Vendors

(By County)

Q2 2024 Q2 2023 % Change
Atlantic  $100,051,000 $129,091,000 -22.5%
Bergen $2,542,000 $3,808,000 -33.3%
Burlington $3,859,000 $5,057,000 -23.7%
Camden $5,117,000 $6,243,000 -18.0%
Cape May $2,021,000 $2,834,000 -28.7%
Cumberland $5,585,000 $6,628,000 -15.7%
Essex $10,880,000 $5,005,000 117.4%
Gloucester $2,621,000 $2,269,000 15.5%
Hudson $621,000 $800,000 -22.4%
Hunterdon $28,000 $32,000 -12.0%
Mercer $3,690,000 $678,000 444.2%
Middlesex $3,425,000 $3,422,000 0.1%
Monmouth $2,689,000 $3,195,000 -15.8%
Morris $1,565,000 $1,285,000 21.8%
Ocean  $880,000 $1,413,000 -37.7%
Passaic $926,000 $777,000 19.1%
Salem $122,000 $81,000 50.3%
Somerset $2,630,000 $2,132,000 23.4%
Sussex $0 $10,000 -100.0%
Union $5,421,000 $7,258,000 -25.3%
Warren $4,000 1,000 245.4%

Other Spending

Q2 2024 Q2 2023 %
Capital Expenditures $47,678,000 $82,333,000 -42.1%
PILOT Contributions (Includes PILOT & additional payments under PILOT legislation) $29,788,000 29,126,000 2.3%
CRDA Special Improvement District $331,000 $314,000 5.3%
Municipal/Atlantic City Fees-  Water $1,253,000 $1,207,000 3.8%
Municipal/Atlantic City Fees- Sewer $3,445,000 $3,963,000 -13.1%

Municipal/Atlantic City Fees-

Other (permits, boardwalk seating, mercantile etc.)

$1,190,000 $1,229,000 -3.2%
Charitable Contributions $310,000 $333,000 -6.8%

Total Spending

$238,673,000 $301,606,000 -20.9%

Atlantic City Statistical Transportation Data

Source:

Travel Mode December
2024
December
2023
Change
from Prior
Year
YTD 
2024

YTD 2023

 

Change
from Prior
Year

AC Expressway
Total Toll-Paying Traffic
Pleasantville Toll Plaza
1,295,201  1,296,053 -0.1% 18,065,267 17,840,652 1.3%
AC Airport
Scheduled Service Passengers 63,454 75,818 -16.3% 918,116 799,606 14.8%
Charter Passengers  5,287 4,379 20.7% 124,137 126,718 -2.0%
Total Air Passengers 68,741  80,197 -14.3% 1,042,253 926,324 12.5%

Atlantic City Meetings and Conventions Data

Source:

  December '24 December '23 % Change
from Prior Year
January '25 January '24 % Change
from Prior Year
TOTAL
2025 YTD
TOTAL
2024 YTD
% Change
from Prior Year
Conventions/Tradeshows/Meetings*
# of Shows 11 13 -15% 7 8 -13% 7 8 -13%
# of Room Nights 2,168 4,721 -54% 23,829 19,956 19% 23,829 19,956 19%
# of Attendees 7,279 8,634 -16% 46,160 46,279 0% 46,160 46,279 0%
Delegate Spending $3,223,447 $5,376,521 -40% $18,768,063 $17,046,132 10% $18,768,063 $17,046,132 10%
Boardwalk Hall Bookings
# of Shows 2 2 0% 1 1 0% 1 1 0%
# of Attendees 300 4,594 -93% 4,773 5,860 -19% 4,773 5,860 -19%
Hotel Bookings
# of Shows 8 6 33% 5 10 -50% 5 10 -50%
# of Room Nights 5,061 4,040 25% 8,137 8,077 1% 8,137 8,077 1%
# of Attendees 11,105 6,058 83% 7,844 8,784 -11% 7,844 8,784 -11%
Delegate Spending $3,938,862 $2,614,966 51% $5,369,292 $5,087,121 6% $5,369,292 $5,087,121 6%
Monthly Totals
# Convs_Trade_Mtgs / Boardwalk Hall / Hotel 21 21 0% 13 19 -32% 13 19 -32%
# of Room Nights 7,229 8,761 -17% 31,966 28,033 14% 31,966 28,033 14%
# of Attendees 18,684 19,286 -3% 58,777 60,923 -4% 58,777 60,923 -4%