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Atlantic City Casino Revenue Down 32 Percent, Analysts Hopeful of Recovery

Atlantic City casinos continued to struggle last month amid ongoing operating capacity limits. The nine brick-and-mortar casinos won $148.2 million from their slot machines and table games, a 32.1 percent decline compared with February of 2020.

February 2020 was a difficult comparison, as it was the final month before New Jersey Gov. Phil Murphy (D) ordered the Atlantic City casinos to shut down their land-based gaming operations. Murphy ordered the casinos to close a year ago today. They were permitted to reopen ahead of the July 4 Independence Day weekend.

The 32.1 percent year-over-year gross gaming revenue (GGR) decline was offset by another strong monthly performance in iGaming and sports betting.

Online slots and table games, as well as interactive poker fees, generated $93.8 million for casinos and their internet partners. That’s an 80.4 percent surge in February 2020. Oddsmakers won $46.2 million on monthly handle of $742.9 million.

When GGR from all channels is combined, gaming revenue totaled $288.2 million, which is a small 0.3 percent uptick in February 2020.


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