Atlantic City online gambling businesses continued to prosper in September
News on 13 Oct 2017
News on 13 Oct 2017
Figures released Thursday by the New Jersey regulator show that Atlantic City online gambling revenues again passed the $20 million mark in September, the seventh consecutive month of such growth.
Online operations generated $20.4 million in revenues and now account for around 10 percent of all casino revenue generated by Atlantic City casinos.
September’s numbers represent a year-on-year rise of 27.1 percent, although they fell short of the $21.3 million generated in August 2017.
Online casinos delivered revenues of $657,799 per day during the 31 days in September, and a total of $183.7 million year-to-date. The industry also surged past the $650 million milestone in September, collecting $661.3 million in lifetime gross revenue and delivering $115.7 million in state tax revenue.
Overall (land plus online) gambling revenues in Atlantic City topped $235.8 million in September – a year-on-year increase of 8 percent. For the year-to-date, total casino revenue reached $2 billion, compared with $1.8 billion in the prior period, an increase of more than 9 percent.
The revenue increase shows the city gaming market – both land and online – is moving in the right direction, said Michael Clay, Administrator of the Financial Investigations Unit with the state Department of Gaming Enforcement.
“The Atlantic City casino industry revenue results for September continue the 2017 trend of overall stability and individual property growth,“ Clay said. “These casino gaming results provide a strong foundation for the anticipated expansion of Atlantic City’s hospitality and gaming amenities in 2018.”
