There are two similarly grim comparisons here.
April 2020 Atlantic City gaming revenues were:
- $0 from land-based casinos
- $80 million from online casino
- $2.6 million from sports betting
April 2019 Atlantic City gaming revenues were:
- $207.6 million from land-based casinos
- $36.6 million from online casino
- $21.2 million from sports betting
What a difference a month makes
The other comparison is to March 2020 – just one month earlier, but which had two weeks of sports and brick-and-mortar revenue, and then abruptly two weeks without.
In March, the city’s casinos earned $85.5 million from the traditional casino play, $64.8 million from online casino, and $13.2 million from sports betting (90% of which was mobile).
So there was only about a $6 million gain from online from March to April, compared to an $86 million drop in brick-and-mortar casino revenues.
Golden Nugget’s dominance in online casino gaming – its $27.6 million claimed more than one-third of the city’s market share – enabled it to suffer just a 5.8% drop in revenue last month compared to April 2019.
State regulators for years have released the monthly figures either exactly at 2 p.m. on a weekday, or a couple of minutes earlier. But these figures were delayed by more than two hours, with no reason immediately apparent.
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