LIGHT Comments on the November 2025 DGE Report

Comments from Jane Bokunewicz, faculty director of the Lloyd D. Levenson Institute of Gaming, Hospitality and Tourism (LIGHT), Stockton University School of Business, on the November 2025 numbers released Tuesday, December 16, 2025 by the New Jersey Division of Gaming Enforcement: 

 

An extra Saturday and some notable gains in table games revenue for operators lead to a near-term, record-high November brick-and-mortar gaming revenue for Atlantic City’s casinos. Coupled with solid performances from internet gaming and sports wagering, Atlantic City’s operators realized a November nearly as strong as any summer month.

However, this performance was not uniform across the market with individual operators seeing mixed results.

Year-to-date gross gaming revenues seem on track to more than exceed 2024 for total revenues. How this will translate to net revenue gains and industry profitability will not be known until next spring when the fourth quarter data is released. In prior quarters, headwinds from increased costs (and regional competition for patrons) narrowed margins for operators resulting in lower bottom lines, despite initial gross revenue gains.