NJ Casino Industry Wins $4.7 Billion Off Gamblers

The Casino Association of New Jersey announced Saturday that Atlantic City saw a year of “modest growth amid the ongoing COVID-19 pandemic,” according to the December 2021 Division of Gaming Enforcement gaming revenue results report.

The regulator reported that in 2021 the state’s casino gambling industry generated $4,737,144,856 in winnings off of gamblers. That was up more than 60% compared to the $2,879,872,281 in winnings during 2020.

Here’s a breakdown of revenue:

Retail casino: $2,554,493,369
Online casino (slots, table games, etc.): $1,336,967,783
Sports betting (retail + online): $815,759,995
Online poker: $29,923,709

“Throughout 2021, the Atlantic City casino industry and its many great employees worked diligently to rebuild and recover from the COVID-19 pandemic. While the COVID-19 pandemic continues to impact our industry in the New Year, our outlook remains cautiously optimistic for the upcoming year, as we saw increases from 2020 to 2021, and we anticipate the same for 2022,” said Joe Lupo, president of the Casino Association of New Jersey.

The New Jersey land-based casino industry saw a 5% decline in revenue in 2021 compared to 2019, “which underscores the fact that land-based casinos have not recovered to pre-COVID levels,” the group said. The Atlantic City casino industry generated nearly $422 million in total state tax revenue from gaming operations in 2021.

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