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New Jersey Division of Gaming Enforcement Announces 3rd Quarter 2024 Total Gaming Revenue Results

LEGAL NEWSLINE

Monday, December 23, 2024

New Jersey Division of Gaming Enforcement Announces 3rd Quarter 2024 Total Gaming Revenue Results

Matthew

Attorney General Matthew Platkin | Attorney General Matthew Platkin Official website

ATLANTIC CITY — 

Casino Net Revenue and Gross Operating Profit:

Based upon filings from the casino licensees made with the Division of Gaming Enforcement, the casino licensees reported 3rd Quarter 2024 Net Revenue of $943.2 million, reflecting a 2.9% decrease over the same quarter last year. Casino licensees reported 3rd Quarter 2024 Gross Operating Profit of $242.9 million, a 13.6% decrease compared to 3rd Quarter 2023.

For the first nine months of 2024, Net Revenue reached $2.54 billion, decreasing 0.2% from the comparable nine-month period last year. For the first nine months of 2024, casino licensees reported Gross Operating Profit of $576.6 million, an 8.8% decrease compared to the same period last year.

Hotel Occupancy:The hotel occupancy rate in the industry’s casino hotels for the quarter ended September 30, 2024, was 84.1% which is a decrease of 1.5 percentage points compared to the 3rd Quarter of 2023. The occupancy rate for the nine months ended September 30, 2024, was 74.1%, a decrease of 1.1 percentage points from the comparable period last year.

Original source can be found here.

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