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Hard Rock Atlantic City regarding the Atlantic City gaming numbers
Joe Lupo, President of Hard Rock Hotel & Casino Atlantic City “We are pleased with Hard Rock Atlantic City’s continued positive results, along with the sustained trend of North Beach properties (Hard Rock and Ocean) seeing the largest increases in the market compared to 2019.
It is concerning however that land-based revenue is down, showing that COVID-19 continues to have an adverse impact on the industry, with land based gaming revenue down 7.6% from 2019.” – Joe Lupo, President of Hard Rock Hotel & Casino Atlantic City
Division of Gaming Enforcement, Announces November 2021 Total Gaming Revenue Results
Industry Gaming Revenue: Based upon filings with the Division of Gaming Enforcement, Total Gaming Revenue reported by casinos, racetracks, and their partners for November was $439.6 million compared to $288.9 million in November 2020, reflecting a 52.2% increase. Casino Win for November was $206.9 million compared to $146.6 million in November 2020.
Internet Gaming Win as reported by casinos and their partners was $118.0 million in November compared to $91.8 million in the prior period, reflecting an increase of 28.5%. Sports Wagering Gross Revenue as reported by casinos, racetracks, and their partners was $114.8 million for the month. For the year-to-date period, the Industry’s Total Gaming Revenue reported by casinos, racetracks, and their partners was $4.33 billion compared to $2.57 billion, reflecting an increase of 68.7%. Internet Gaming Win as reported by casinos and their partners increased 41.7% to $1.23 billion when compared to the prior period. Sports Wagering Gross Revenue as reported by casinos, racetracks, and their partners was $756.7 million. Casino Win for the period was $2.34 billion.
Please note that, due to COVID-19, Atlantic City Casinos closed on March 16, 2020 and began reopening on July 2, 2020 with operating restrictions. Internet Casino Gaming and Online Sports Wagering operations continued, though most sports wagering events were cancelled during that timeframe. As a result, Casino Win and Sports Wagering Gross Revenue for the year-to-date period ended November 2021 are not directly comparable to 2020. Tax Information:
For the month of November 2021, total gaming taxes were $46.5 million. Total gaming taxes reflect 8% of taxable casino gross revenue, 15% of Internet gaming gross revenue, 8.5% tax on casino and racetrack sports wagering gross revenue and 13% tax on casino and racetrack sports wagering Internet gross revenue. In addition, the casino industry incurred $6.0 million in 1.25% Additional Tax on sports wagering gross revenue and Investment Alternative Tax Obligations (which reflects 1.25% of casino gross revenue and 2.5% of Internet gaming gross revenue). For the month of November 2021, the Racetrack Economic Development Tax of 1.25% of racetrack sports wagering gross revenue was $966,503.
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