Atlantic City casinos faced significant challenges in October 2024, with in-person gross gaming revenue (GGR) dropping 8.5% despite favorable weather conditions. The total brick-and-mortar casino revenue reached $208.7 million, nearly $19.4 million less than October 2023.

Only three casinos - Borgata ($53.4M), Hard Rock ($40.8M), and Ocean ($32.9M) - performed better than pre-pandemic levels, though all three saw year-over-year declines. Caesars ($15M) and Tropicana ($17.6M) were the only properties showing positive year-over-year growth.

The remaining casinos reported declining revenues:

• Bally's: $11.5M (-7.8%)
• Golden Nugget: $9.7M (-20.6%)
• Harrah's: $15.8M (-11.5%)
• Resorts: $12M (-9.2%)

Year-to-date performance through October shows total brick-and-mortar revenue at $2.36 billion, down 1.6% from 2023. First-half profits decreased by 5% to $333.7 million, despite overall revenue increasing 1.5% to $1.6 billion.

Online gaming continues to thrive, setting a new record with $213.6 million in revenue, a 28.1% increase from last year. Sports betting revenue declined 16% to $77.4 million, with total handle dropping 13.3% to $1.13 billion.

Total gaming revenue, including online gaming and sports betting, showed a modest 2.6% increase to $499.8 million, though casinos note that much of the online revenue is shared with third-party partners.

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