September 2022 Snapshots

 

LIGHT Snapshots

 
September 2022
 

In LIGHT of the data.

September鈥檚 mild weather helped contribute to a strong start to the fall season for Atlantic City鈥檚 casino operators. At $251.7 million, traditional brick-and-mortar gaming revenues (slots, table games and poker) exceeded September 2021 ($248.5 million) and September 2019 ($224.5 million) by 1.3% and 12.1%, respectively. Total casino gaming revenue for the month (including internet gaming and retail and online sports betting) of $431 million exceeded September 2021 ($405.1 million) by 6.4% and September 2019 ($283.3 million) by 52.1%.

The nine months ending September 2022 set a steady pace, with Atlantic City鈥檚 casinos surpassing the same periods in 2021 and 2019 by 12.5% and 4.0%, respectively, for brick-and-mortar and 14.5% and 43.9%, respectively, for total casino gaming revenue. At this rate, Atlantic City鈥檚 casino operators are likely to meet and potentially exceed pre-pandemic end-of-year totals for both brick-and-mortar and total gaming revenue.

Internet gaming continues to play a significant role in Atlantic City casino gaming operations accounting for 31.4% of total casino gaming revenue in September 2022 and 34.3% for the year to date. A significant increase compared to 10.2% and 13.7%, respectively, in 2019.

As evidenced by the performance of Atlantic City鈥檚 gaming operators, internet gaming is the fastest growing segment of the gaming industry.  According to the American Gaming Association, internet gaming revenue YTD July in the six states that have legalized Internet gaming was up 41.1%.  New Jersey being the first state to legalize online gaming is positioned well to capitalize on this growth trend.  At the Global Gaming Expo in Las Vegas last week, Bill Miller, American Gaming Association president, called on industry leaders to 鈥渆mbrace a digital future.鈥  New Jersey is clearly ahead of the curve.

 

Atlantic City Gaming Win & Total Casino Revenue

Source:

Monthly Revenue (Casino Licensees, $ In Thousands)

September 2022

% Change from Prior Year September 2021 YTD September 2022 % Change from Prior Year YTD September 2021
Total Gaming Win (includes Internet & Sports Wagering) 430,978 6.4% 405,146 3,551,464 14.5%  3,101,486
Sports Wagering Revenue 43,995 29.3% 34,027  198,726 -7.4% 214,519
Internet Gaming Win 135,245 10.3% 122,595 1,217,904 23.2% 988,725
Casino Gaming Win 251,738 1.3% 248,525 2,134,833 12.5%  1,898,241

 

Quarterly Revenue (Industry, $ In Thousands)** Q2 2022 % Change from Prior Year Q2 2021 YTD June 30, 2022 % Change from Prior Year YTD June 30, 2021
Casino 454,541 2.0% 445,541 899,484 9.3% 822,932
Rooms 172,942

18.9%

145,472 292,341 24.0% 235,696
Food & Beverage 131,757 44.9% 90,933 235,471 52.3% 154,653
Entertainment & Other 69,545 56.5% 44,445 121,274 55.2% 78,138
Casino Licensees Total Revenue 828,785 14.1% 726,630 1,548,570 19.9% 1,291,418
** Data agregated from New Jersey Division of Gaming Enforcement for individual properties, includes amended totals as of August 22, 2022. May not match totals from which represent a 'snapshot' of data at the time of publication and are not retroactively updated. 

Atlantic City Hotel Lodging

Source:

Casino Hotel Lodging Statistics
For the Period Ended
June 30, 2022 & 2021
Q2 2022 Q2 2021 YTD 2022 YTD 2021
Occupancy percentage 77.4% 70.0% 70.4% 61.2%
Average Daily Room Rate (ADR) $171.79

$158.00

$163.21 $146.32
Revenue Per Available Room (RevPAR)* $132.99 $110.56 $114.90 $89.55

* RevPAR= ADR X Occupancy Percentage


Atlantic City Statistical Transportation Data

Source:

Travel Mode August
2022
Change
from Prior
Year
August
2021
YTD
August
2022
Change
from Prior
Year
YTD August
2021
AC Expressway
Total Toll-Paying Traffic
Pleasantville Toll Plaza
1,834,159  -6.4% 1,959,601 11,741,377 1.8% 11,539,191
AC Airport
Scheduled Service Passengers 94,937 38.6% 68,500  591,855 10.3% 536,645 
Charter Passengers  9,411  -2.0% 9,598  83,456 144.9% 34,084
Total Air Passengers 104,348 33.6% 78,098 675,311 18.3% 570,729

Atlantic City Meetings and Conventions Data

Source:

  September'22 September '21 % Change
from Prior Year
TOTAL
2022 YTD
TOTAL
2021 YTD
% Change
from Prior Year
Conventions/Tradeshows/Meetings*
# of Shows 7 4 75% 63 18 250%
# of Room Nights 13,285 4,077 226% 94,321 17,238 447%
# of Delegates 16,326 7,882 107% 381,355 62,389 511%
Delegate Spending $9,909,837 $2,348,166 322% $126,766,553 $15,283,173 729%
Boardwalk Hall Bookings
# of Shows 1 0 N/A 28 0 N/A
# of Attendees 2,800 0 N/A 120,732 0 N/A
Hotel Bookings
# of Shows 18 9 100% 115 83 39%
# of Room Nights 14,082 6,453 118% 90,369 75,986 19%
# of Attendees 9,055 18,417 -51% 149,329 107,497 39%
Delegate Spending $7,380,846 $4,229,876 74% $57,638,469 $45,015,869 28%
Monthly Totals
# Convs_Trade_Mtgs / Boardwalk Hall / Hotel 26 13 100% 206 101 104%
# of Room Nights 27,367 10,530 160% 184,690 93,224 98%
# of Attendees 28,181 26,299 7% 651,416 169,886 283%
Delegate Spending $17,290,683 $6,578,042 163% $184,405,022 $60,299,042 206%

Notes:

January 2021 hotel attendees reflect virtual attendance numbers

March and August 2021 conventions/tradeshow numbers updated based on information received after reporting deadline

January 2022 conventions/tradeshow numbers updated based on information received after reporting deadline

March 2022 Boardwalk Hall Bookings updated based on information received after reporting deadline

*Includes Meet AC events booked at Boardwalk Hall


LIGHT Snapshots is a publication of the Lloyd D. Levenson Institute of Gaming, Hospitality & Tourism, 淫性视频 School of Business
Jane Bokunewicz, Ph. D., Faculty Director and Associate Professor of Hospitality

Atlantic City Information

Casino Reinvestment Development Authority (CRDA) Board and City Council support cannabis-friendly plan for Atlantic City - As reported by on Sept. 20, the CRDA Board of Directors voted in support of a cannabis-friendly for Atlantic City. On Sept. 21, the in favor of ordinances to create the 'green zone.' Making "all classes of state-licensed cannabis businesses a permitted use within the zone, which would run from Boston to Maryland avenues along both sides of Atlantic and Pacific avenues." This area includes most but not all of the Tourism District and does not come within 200 feet of the Boardwalk. 

New Jersey Gaming News

Atlantic City Casino PILOT Amendment - As reported by and , the state of New Jersey has requested a stay of Atlantic County Superior Court Judge Michael Blee's Aug. 29 decision to strike down the amendments to the 2016 Atlantic City Casino PILOT pending appeal. Oral arguments for the stay were heard . The state has filed for an appeal of the decision. 

BetMGM to sponsor NJ TRANSIT's Meadowlands Rail Line - According to a Sept. 14 from NJ TRANSIT, the Meadowlands Rail Line will be renamed the as the result of a new three-year sponsorship agreement. The naming rights agreement is the first of its kind for NJ TRANSIT. Further reporting from . 

Bills seeking to extend internet gaming law to 2033 and to include esports as internet gaming being considered by New Jersey legislators - As recorded by the New Jersey State Legislature Bill /, which "extends authorization for Internet gaming law to 2033, and Bill / which "includes esports as internet gaming and provides for additional internet gaming permits; permits additional esports-only permits for sports wagering" were refered to the Assembly State and Local Government Committee on Sept. 15 and introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee on Sept. 22. 

 National Gaming News

25th East Coast Gaming Congress - On Sept. 21, 23 organizers, Spectrum Gaming Group, Cooper Levenson, Attorneys at Law, SI Sportsbook and Esports Entertainment Group hosted the 25th . Read coverage of the event from the , and . As reported by the and after a planned , casino workers and patrons who oppose smoking in casinos gathered in front of the conference venue demanding that the state Legislature act on a bill to ban casino smoking.

Colorado sports betting generated $12.4 million in tax revenue, funds will be used to support state Water Plan - According to a Sept. 15 from the Colorado Limited Gaming Control Commission (), in its second fiscal year Colorado sports betting generated $12.4 million in tax revenue. $11.4 million of this revenue will be distributed to the Water Implementation Cash Fund in support of the State's . Further reporting by . 

Hard Rock International announces wage increases - According to a Sept. 12 Hard Rock International and Seminole Gaming announced wage increases for team members and new hires at company managed hotel, casino and cafe locations. New starting wages range between $18 and $21 an hour with minimal exceptions - a rate 2.5 times the federal minimum wage and exceeding each state's minimum wage. This represents a $100 million investment in the Hard Rock workforce. 

Maryland opens application period for mobile sports betting, operators required to develop and submit diversity plan - As reported by , operators granted sportsbook permits in Maryland must, within 30 days, develop and submit a diversity plan to the state. Prior efforts by the state to "deliver equity through its regulation of sports betting" by conducting "disparity analysis" of applications had been the mobile sports betting licensing process. In July, Maryland's Sports Wagering Application Review Commission (SWARC) was encouraged to update the sportsbook licencing guidelines to help expedite the licenture process. These guidelines were accepted and the mobile licensing application period commenced Sept. 9. 

Nevada Gaming Control Board (NGCB), Nevada Gaming Commission (NGC) approve Bally's operation of Tropicana Las Vegas - As reported by , on Sept. 7 and Sept. 22 respectively, the NGCB and NGC approved Bally's operation of Tropicana Las Vegas located on the Las Vegas Strip. Bally's began aquisition of the property (non-real estate assets) in April of 2021 and Sept. 27. A major overhall of the property is anticipated in 2024. 

Pew Research finds 1 in 5 U.S. adults have wagered on sports in the past year - Accoding to a study released by on Sept. 14, 19% of U.S. adults say they have personally bet money on sports in some way in the last 12 months. The study, conducted in July 2022, found that 15% of U.S. adults had wagered with friends or family, 8% had bet in person at a casino, racetrack or betting kiosk and 6% had wagered online with a betting app, sportsbook or casino. Further reporting by . 

PointsBet, WynnBET decline renewal of 'approved sportsbook operator' status with National Football League (NFL) -As reported by , sportsbook operators, PointsBet and WynnBET, declined to renew their 'approved' status with the NFL, an expense of $4 million, for the 2022 season - reducing their NFL related advertising spending. 

Rivers Casino Schenectady, New York settles class action lawsuit with workers - As reported by Rivers Casino & Resort Schenectady in upstate New York has settled a class action lawsuit for $5.5 million. The plaintiffs alleged that the company failed to properly calculate overtime pay for tipped hourly workers. 

Sports betting traffic NFL week 1 2022 up 71% from 2021 - As reported by , in the first week of National Football League (NFL) games for 2022 cybersecurity solutions company recorded more than 103 million geolocation checks from sportsbooks in legal U.S. markets. This represents a 71.5% increase year-over-year. The increase is largely atributable to the expansion of the legal U.S. sports betting market. There were five more states allowing online sports wagering at the start of the 2022 football season than there were at the start of the 2021 season. New York, the most populous state with online sports betting, contributed 15.7 million of the 103 million geolocation checks for the week followed by Pennsylvania with 15.3 million checks, New Jersey with 13.5 million, Michigan with 9.7 million and Illinois with 8 million. Pennsylvania, New Jersey, Michigan and Illinois saw increased traffic compared to last year with a combined 9.5 million more checks in 2022 than in 2021. 

Hospitality & Tourism News

American Hotel & Lodging Foundation (AHLAF) to partner with U.S. Job Corps - According to a Sept. 20 , will partner with the U.S. Department of Labor鈥檚 to fill an estimated 130,000 open positions in the hospitality industry. This partnership is the first of its kind for Job Corps and the hospitality industry. Through this partnership, Job Corps students will have access to hotel jobs and the AHLAF's apprenticeship program including nationally recognized credential attainment. 

Canada to drop all COVID-19 border restrictions - According to a Sept. 26 from the , effective Oct. 1, "all COVID-19 entry restrictions, as well as testing, quarantine and isolation requirements for anyone entering Canada" will be removed. Further reporting by and . 

Harry Reid International Airport (LAS) sees busiest August and summer on record - As reported by , LAS, the primary airport for visitors to Las Vegas, logged more than 4.6 million arriving and departing passengers in August, setting a new record for that month. Airport officials report the three months ended August 2022 were the busiest three months in Clark County, Nevada, history. 

Las Vegas City Council votes to allow cannabis consumption lounges - As reported by , Las Vegas City Council voted 5-1 against an effort to exclude the City of Las Vegas from being targeted for a cannabis consumption lounge. Last year, the Nevada state legislature passed a bill () authorizing marijuana lounges and the Nevada Cannabis Compliance Board () has since developed for the operation of licensed cannabis consumption lounges.

World鈥檚 seventh-busiest airport, Orlando International, gets new $2.8 billion terminal - As reported by the , Orlando International Airport in Florida celebrated the public opening of $2.8 billion, 1.8 million-square-foot, Terminal C in September. With 47 million passengers in the 12 months ended June 2022, the airport was just shy of the visitor volume (50.6 million passengers) seen pre-pandemic in the 12 months ended June 2019. The new terminal will expand the airport's current capacity by 25%, easing overcrowding and allowing the handling of 12 million more passengers through 15 new gates.