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2023 was a bumper year for Atlantic City casinos. According to Stockton University,
Atlantic City, New Jersey, casinos generated $467 million in tax revenue last year, with plenty more expected for 2024. A recently released report titled 2023 Impact: Atlantic City Casino Industry details the profitability of America's premier East Coast gaming haven.
The substantial earnings generated by AC casinos in 2023 fly in the face of the gaming market's extreme challenges. The gross gaming tax revenue figure – $467 million – is 12% greater than the highest recorded figure in 2006 (GGR). Notably, the AC gaming industry remains one of the largest employers in southern NJ. It’s also a vital source of tax revenue for the Garden State’s most vulnerable population groups.
The precise breakdown of Atlantic City revenue by source (2023 figures) includes the following:
Online and Social Casino Games in AC
Online gaming-related activities are booming in Atlantic City. There are casino games for real money and casino games for free available to legal-age patrons across AC. One of the premier new providers of social games is the inimitable PlayFame social casino. As one of several leading contenders for best social casino on the East Coast, this gaming hub sports an impressive array of free-to-play casino-style games.
These include legendary titles by classic providers. Pragmatic Play, 3 Oaks, Fantasma Games, Spade Gaming, Playson, and EvoPlay are out in full force. Unlike brick-and-mortar casinos in Atlantic City, the social gaming enclaves are free to play. With a zero-money requirement, players must register an account online to enjoy unfettered access to authentic casino games. Of course, there is zero risk and maximum reward.
Social casinos operating in Atlantic City cyberspace provide players with a veritable glut of gaming attractions. These include spins & wins, jackpot play games, hold & win attractions, classic casino games, cascading reel games, slots, feature-rich games, exclusive games, and live dealer attractions.
Based on the Impact: Atlantic City Casino Industry Study, the following total gross gaming revenue figures for 2023 were reported:
The combined total of all annual gross gaming revenue for 2023 amounted to $5.24 billion, substantially higher than the $4.74 billion in 2022. Thanks to increased gaming revenues,
Atlantic City taxes increased. The total taxes and fees collected by the state amounted to $681.95 million in 2023, sharply higher than the $605.03 million of 2022.
A Legacy that Pays Dividends to the Community
The enduring nature of Atlantic City is undoubtedly one of its greatest assets. It is resilient, future-oriented, and player-centric. Atlantic City casinos raked in $3.32 billion in total net revenues during 2023. They also contributed $504 million to the Casino Revenue Fund (CRF) of New Jersey, which supports people with disabilities and seniors across the Garden State. Other significant milestones include $258 million in capital improvements from AC casinos and related establishments and $632 million in goods and services supporting New Jersey vendors.
Combined, these figures attest to the indispensable nature of the casino industry in this pro-gaming mecca of the East Coast. Arguably, employment is the most important contribution of the gaming industry to the state. Non-gaming revenue is increasing at a steady clip and becoming a major contributor to the industry. This includes hotels, restaurants, eateries, buffets, entertainment attractions, etc.
In 2023 alone, some 17.8 million people visited Atlantic City, New Jersey. With 22,634 employees, this East Coast gaming hub supports hundreds of thousands of people through casino -related jobs. But it's the social initiatives, courtesy of CSR policies, that are driving home the point. Atlantic City casinos donate millions of dollars to charitable causes across the city, state, and the region. Organizations include the Boys and Girls Club of Atlantic City, the Community Food Bank of New Jersey, and others*
