Atlantic City Casino Profits Decline in 2023 Despite Online Gambling Growth

The collective gross operating profit of Atlantic City's nine casinos fell by 1.6% from the previous year, even as online gambling revenues soared.

All nine casinos in Atlantic City reported profitability in 2023, but only three experienced an increase in their profits.
Increased operational costs, including higher wages and more expensive goods, have not been offset by a corresponding rise in consumer spending.
A lawsuit has been filed by casino workers and the United Auto Workers Union to challenge New Jersey's indoor smoking law exemption for casinos.
The Borgata, Hard Rock, Ocean, and Tropicana are the only casinos with higher profits in 2023 compared to pre-pandemic levels in 2019.
The average occupancy rate of casino hotels in Atlantic City was 73% in 2023, with the average room cost being $180.67.