New Jersey Q1 casino revenue falls 0.6% to $725.6m, gross profit decreases 22.9%

The New Jersey Division of Gaming Enforcement (DGE) has reported the state’s net casino revenue and gross operating profit for the first quarter of 2026, as profit decreased 22.9% year-over-year to $104.7m. 

Net revenue generated by New Jersey casino establishments decreased 0.6% to $725.6m, led by Borgata which grew revenue 4.7% to $182.3m. Despite the increase in revenue, however, Borgata Atlantic City’s operating profit fell 17.6% to $39.8m.

Bally’s generated a net casino revenue of $41.6m, equating to a decrease of 0.1%, and improved its gross operating loss by 73.3% to approximately $862,000. Caesars managed to increase revenue 10.6% to $55.4m, and was the only other New Jersey property to increase gross operating profit after rising 40.2% to $5m. 

Golden Nugget produced $30.6m of Q1 2026 net casino revenue, representing a decrease of 10.9%. The operator also witnessed a loss of nearly $1.8m during the quarterly period, equating to a decrease of 163.6%. 

Hard Rock Atlantic City’s net revenue fell 5.3% to $127.9m, while gross operating profit decreased 24.9% to $19.8m. Harrah’s generated $69.3m of revenue but fell 1.1%, as gross operating profit totaled $13.6m and decreased 13.1%. 

Ocean Casino managed to increase revenue 2.4% to $115.8m, although gross operating profit decreased 16.6% to $18.8m. Resorts and Tropicana reported Q1 2026 net revenues of $37.4m and $57.4m, respectively, equating to decreases of 7.6% and 6.1%. 

Resorts’ gross operating profit fell 75.9% for a total of $878,000, while Tropicana Atlantic City reported a decrease of 41.8% to $7.8m. Hotel occupancy rate in Atlantic City increased 1.7 percentage points year-over-year to 64.6% for Q1 2026. 

The DGE also reported the state’s total gaming activity for April 2026 on May 15, as casinos, iGaming and sports betting combined to generate $600.8m of revenue, equating to growth of 12%.