Online Gaming Revenue Rises Up 23% in New Jersey

Publish: 24.07.2017

A year-on-year increase has been reported in the state of New Jersey where online gaming revenues rose up to 23%.

New Jersey Revenue Numbers Soar Up

The percentage translates into $197 million in June 2017 collected by seven Atlantic City’s casinos, compared to the figures recorded for the same period a year before. Moreover, the total sum saw a boost of an increase in revenues from online gaming by 2%.

June reports are said to reflect the continuing financial stability of the gaming industry in the state, and show off increasing strength for the internet gaming operations.

“Both factors are positive indicators of the Atlantic City casino industry’s ability to successfully perform in an extremely competitive regional marketplace.”, Director of the New Jersey Division of Gaming Enforcement, David Rebuck, said.

Out of the seven casinos operating in the Atlantic City, the Golden Nugget was the one to report the largest percentage increase in gaming revenues to the numbers reported at the same time last year with an increase by 23% to $22.5 million.

The Golden Nugget also topped the online revenue numbers. It generated the total of $5.5 million in June, overlapping the Borgata casino which amassed $3.8 million during the same month.

The Borgata Leading the Line

In terms of gambling revenue, however, the Borgata remains Atlantic City’s top-rated casino with its $63.7 million obtained from gamblers in June. The records shown are more than double the amount of Borgata’s closest competitor, the Tropicana, which collected $31.9 million. Harrah’s follows with the total of $31.6 million.

“Gaming revenue for the current operators has now increased every month this year compared to last year. So far this year, total gaming win at the seven casinos is up 11.1%, with six of the current seven operators outperforming last year.”, chairman and CEO of the State Casino Control Commission, Matthew B. Levinson commented.

Caesars was the only one Atlantic City gambling venue to see a decrease in revenues last month.

The revenue drop stood at 2$ with the full amount standing at $24 million.