Atlantic City casinos generate $359M GGR in March 2021, thanks to improved market conditions

Atlantic City casinos

Atlantic City casinos’ collective gross gaming revenue (GGR) for the month of March totaled more than $184 million, representing the gaming industry’s strong recovery from the devastating impact of COVID-19 pandemic.

According to available stats, brick-&-mortar gaming properties of Atlantic City reported gross gaming revenue (GGR) of $184.8 million that they generated from slot machines and table games. The figure represents a jump of 116 per cent from March of 2020.

It may be noted here that Atlantic City’s nine commercial casinos, had reported a steep decline in GGR in March and following months last year as the potentially-lethal COVID-19 pandemic had forced them to suspend operations and remained closed for several months as part of New Jersey Gov. Phil Murphy’s efforts to contain the deadly virus. Overall, Atlantic City’s casino profits were 80 per cent year-over-year down last year.

Online gaming revenues, including poker revenue, jumped to $113.7 million. With iGaming continue to expand its GGR; the month of March 2021 saw an impressive year-over-year jump of 75 per cent from the corresponding month of the previous year. Sportsbooks won $60.7 million, thanks to strong amount of money wagered by sports betting enthusiasts. The amount of money risked at sportsbooks, known as Handle, was reported at $859.6 million. 

Taking all parts together, New Jersey’s gaming industry reported a year-over-year jump of 120 per cent in GGR to $359.2 million for the month under review.

MGM Resorts’ Atlantic City casino outshined others by leading the way with GGR of slightly more than $89 million. Nearly $46.5 million of that GGR came from physical casino, while the remaining $36.1 million through online operations. 

The second in the list was Hard Rock, which generated approximately $69.9 million. Its Golden Nugget Online Gaming division reported iGaming win of $31.1 million. 

The sports betting space continued to be dominated by the Meadowlands and its partner FanDuel. Nearly $31.2 million were generated through the gaming giant’s in-person and online sportsbook. MGM Resorts and its partner DraftKings emerged at a distant second, with revenue of $14.1 million.

The encouraging results are not surprising at all as market conditions in the month of March this year were much more favorable, simply because of the gaming properties remained open throughout the entire month and various previous restrictions were eased. However, some pandemic-related restrictions remain in place, including the capacity limit of 50 per cent and ban on indoor smoking.