Atlantic City Casino Profits Decline 7.5% in Q3 2023

Despite the Drop, Third-Quarter Gross Operating Profit Ranks Third-Best Since 2008

Atlantic City’s casinos and two internet-only entities earned $281.2 million in the third quarter of 2023, a decline of 7.5% from the same period a year ago.
The decline is attributed to a cooling off in summer 2023 compared to the pent-up post-pandemic energy seen in 2021 and 2022.
Despite the decline, the third-quarter gross operating profit was the third-best in Atlantic City since 2008.
The Borgata reported a profit of $73.5 million, down 1.7% from a year ago, due in part to an accounting change.
For the first nine months of 2023, the casinos and the online operations earned $632.1 million, down 4.2% from the same period a year earlier.