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A Tale of Two Atlantic Citys

It was the best of times … for Borgata, Hard Rock Atlantic City and Ocean Casino Resort. It was the worst of times for everyone else. Borgata takings rocketed 25% to $72 million, outpacing everyone else. Hard Rock Atlantic City was up 2% to $45 million and Ocean Casino leapt 14.5% to $39 million. The only other casino to hold its own was Harrah’s Resort, flat at $18.5 million. Caesars Atlantic City plunged 24% to $12.5 million and Tropicana Atlantic City fell 4.5% to $16 million. In other words, it took Caesars Entertainment three casinos to make slightly more than Hard Rock did.

The grind joints were bunched closely together. Resorts Atlantic City plummeted 14% to $12 million, while Golden Nugget‘s $11 million was a 6.5% fade. Bally’s Atlantic City occupied its customary last place with $10.5 million, off 1.5%. Now that Bally’s Corp. has snagged one of the brass rings in New York City, its Atlantic City “flagship” is living on borrowed time. iGaming brought in an additional $253 million, led by FanDuel‘s $61 million. BallyBet made more digitally than Bally’s terrestrial casino did: $14.5 million. DraftKings‘ $60.5 million was barely edged by FanDuel, while BetMGM had to settle for $51 million and a robust third place. Caesars Palace Online garnered $23 million, while also-rans included BetRivers ($8 million), Hollywood Casino ($4.5 million) and PointsBet ($8 million). Sports betting saw revenue of $146.5 million from $1.3 billion in handle, representing a tight 12% hold. The lucky bookies included FanDuel ($62.5 million) and DraftKings ($38.5 million). BetMGM ($12 million) staved off Fanatics ($11 million), and all were trailed by Caesars Sportsbook ($5.5 million), ESPN Bet ($3 million) and BetRivers ($1 million).

Gambling win next door in Pennsylvania slumped a tiny bit, down 1%. One less weekend day will have that effect. Parx Casino was down 1.5% but still led all comers with $46.5 million. Other Philadelphia-area casinos were led by Philadelphia Live, which slid 8.5% but made $21 million. Rivers Philadelphia flagged 6.5% to $16.5 million, Valley Forge Resort was flat at $11.5 million and Harrah’s Philadelphia (pictured) actually hopped 5% to $11 million. Outstate, Wind Creek Bethlehem dominated, though flat at $44.5 million. Mohegan Pocono was up 6% to $16.5 million, Mount Airy Resort jumped 6% to $17 million and Pocono Downs rose 3.5% to $7.5 million. In the Pittsburgh market, Rivers Pittsburgh slumped 5% to $26 million, whilst Pittsburgh Live was flat at $9 million and Hollywood Meadows dipped 4.5% to $16 million. Hollywood Penn National stumbled 4% to $12.5 million, while Lady Lucky Nemacolin‘s lucky streak seems to have run out, as it was down 5% to $2 million. The remaining satellites were led by Hollywood York ($8 million, 4%), followed by Hollywood Morgantown ($6 million, 1%) and Parx Shippensburg ($3 million, 4%).

iGaming engendered $242.5 million more, with FanDuel predominant ($71 million). It shared the pie with BetMGM ($39 million), BetRivers ($38 million), DraftKings ($37 million), Caesars Palace Online ($13 million) and Hollywood Casino ($6 million). Sports betting added another $125 million off of handle of $991 million, for a 12.5% hold. Again, FanDuel was tops with $58 million, followed by DraftKings ($32 million), ESPN Bet ($4 million), BetRivers ($5 million), BetMGM ($6 million) and Caesars Sportsbook ($2 million).

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