National Business

Atlantic City casino revenue up 22.5% in May

This June 6, 2019 photo shows the Resorts, Hard Rock and Ocean casinos, along with the non-gambling Showboat Hotel on the Boardwalk in Atlantic City, N.J. They are among businesses jointly promoting the north end of the Boardwalk as "North Beach" and sponsoring events in the area in a resort where casinos compete against each other far more than they cooperate with each other.
This June 6, 2019 photo shows the Resorts, Hard Rock and Ocean casinos, along with the non-gambling Showboat Hotel on the Boardwalk in Atlantic City, N.J. They are among businesses jointly promoting the north end of the Boardwalk as "North Beach" and sponsoring events in the area in a resort where casinos compete against each other far more than they cooperate with each other. AP Photo

Atlantic City's nine casinos saw their gambling revenue increase to nearly $267 million in May, an increase of 22.5% from a year earlier.

There were two more casinos operating this May than last May, accounting for much of the increase.

The Golden Nugget had the largest increase, up 10.3% to $31.2 million; Resorts was up 4.1% to $16.1 million; and Caesars was up 3% to $22.9 million.

Tropicana had the biggest decline, down 14.6% to $29.3 million; Borgata was down 7.1% to $61.3 million; Harrah's was down 6.7% to $25.6 million, and Bally's was down less than 1% to $16 million.

Internet gambling brought in more than $38 million, up nearly 58%.

The casinos earned $5.5 million in sports betting revenue.

  Comments