Atlantic City casino earnings declined by 1.3% in 2nd quarter of 2024

ATLANTIC CITY, N.J. (AP) — Atlantic City's casinos and two internet-only gambling entities saw their collective earnings decline by 1.3% in the second quarter of 2024 compared with the same period a year earlier, state gambling regulators said Thursday.

Figures released by the New Jersey Division of Gaming Enforcement show the nine casinos and two online operations collectively posted a gross operating profit of $178.4 million in the second quarter.

Gross operating profit reflects earnings before interest, taxes, depreciation, and other expenses, and is a widely accepted measure of profitability in the Atlantic City gambling industry.

All nine casinos were profitable, although two-thirds of them were less profitable in the second quarter of this year than they were a year earlier.