Internet gambling again boosts Atlantic City numbers in July
News on 15 Aug 2017
News on 15 Aug 2017
Figures released Monday by the New Jersey Division of Gaming Enforcement show that once again online gambling boosted land revenues in July, recording revenues from internet sites up 19 percent y-o-y at $20.6 million.
Since legalisation in 2013 online gambling has delivered over $619 million in New Jersey revenue, with the 2017 year-to-date contribution.at $142,060,101, from which the state coffers have received $21,314,336.
Total land and online revenues totalled $267.8 million (July 2016: $275.2 million), dragged down by land casino statistics ($247.3 million in revenues), but officials pointed out that the comparison with last year included the now shuttered Trump Taj Mahal; removing that from the numbers, Atlantic City’s remaining seven land casinos and their online operations actually saw revenues increase by 4.9 percent.
DGE director David Rebuck noted the de facto improvement and pointed to casino win figures that are up almost 10 percent year-to-date. Rebuck opined that these figures indicate continued stabilisation in the industry.
The internet gaming charge in July was led by Golden Nugget, which enjoyed its best month yet – up 69 percent y-o-y at $6.2 million and bringing its year-to-date revenue gain to $39,247,916.
The operation is way ahead of nearest competitors, Borgata (down 5 percent year on year at $3.8 million) and Resorts Digital, up 23 percent at $3.8 million. Tropicana was up 11 percent at $3.6 million, and Caesars Interactive was down 5 percent y-o-y at $3.2 million.
June 2017’s dismal online poker performance, where revenues dropped 18 percent year-on-year in the vertical’s worst performance since legalisation, reversed in July as online poker sites generated $2,008,124, an increase of $272,490. Pokerstars-Resorts Digital performed the best with total revenues of $816,227.
