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New Jersey Casinos Report $766M In 2021 Profit

Net Revenue Was Just Over $3 Billion

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Atlantic CityAtlantic City casinos turned in a strong 2021.

Based upon filings made with the New Jersey Division of Gaming Enforcement, the casinos rebounded greatly in terms of profitability over the pandemic impacted 2020.

For calendar year 2021, net revenue was $3.02 billion and the gross operating profit was $766.8 million, reflecting year-over-year increases of 62.5% and 552.5%, respectively.

Borgata, owned by MGM Resorts International, led the way with just under $625 million in 2021 net revenue.

Hard Rock AC was a distant second with $509 million.

Borgata also led the industry in gross operating profit. The casino was in the green $174 million last year. Tropicana was second with about $118 million in profit, despite being fourth in revenue with $327 million. Hard Rock was third in profit with nearly $107 million.

Net revenue reflects gaming win (less all promotional allowances) plus rooms revenue, food and beverage revenue and “other revenue.”

New Jersey’s casino industry won $4.73 billion from gamblers in 2021, up more than 60% compared to the $2.88 billion in winnings during 2020.

 
 
Tags: New Jersey