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NJ Gaming Revenues Top $3 Billion

the staff of the Ridgewood blog

Atlantic City NJ,  today the New Jersey Division of Gaming Enforcement announced the 4th Quarter 2021 total gaming revenue results.

Casino Licensees Financial Results:
Based upon filings made with the Division of Gaming Enforcement, the casino licensees Net Revenue increased by 42% to $764.1 million and Gross Operating Profit increased by 201.4% to $174.4 million for the 4th Quarter 2021. For calendar year 2021, Net Revenue was $3 billion and the Gross Operating Profit was $766.8 million, reflecting increases of 62.5% and 552.5%, respectively.

Hotel Occupancy:
The occupancy rate in the industry’s casino hotels for the three months ended December 2021 increased to 66.4% which is 20.1 percentage points higher than the comparable period last year and the occupancy rate for the twelve months ended December 2021 was 67.6%.

Click here for the DGE press release for additional information.

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