Atlantic City’s eight casinos saw a dip in casino revenue for October of 1.3 percent, but also saw a significant increase in online gambling revenue.
The casinos brought in $204.5 million for October compared with $207.2 million in October 2014 according to state gaming regulators. The figures represent a straight year-to-year comparison of the eight casinos as four Atlantic City casinos that closed in 2014 were no longer operating in October.
Online gambling was up as the casinos and their online partners brought in $12.9 million, up from $9.5 million in October 2014, an increase of 35.6 percent.
According to the state Division of Gaming Enforcement, for the first 10 months of this year, Atlantic City casinos have won $2.16 billion, down 7.7 percent from the same period last year.
According to a review by the Associated Press, Resorts had the biggest monthly revenue gain for the month with $14.8 million, up 21 percent from 2014.
Golden Nugget’s revenue was up 10.6 percent to $17.6 million, the Borgata was up 10.5 percent to $61.1 million, and the Tropicana was up 4.4 percent to $24.6 million.
Caesars’ revenue was down 25.2 percent to $22.6 million in October, compared with $30.2 million a year ago; the Trump Taj Mahal was down 18.7 percent to $13.6 million; Harrah’s was down 9.8 percent to $29.1 million, and Bally’s was down 2.6 percent to just over $17 million.
The casinos had a decline in October at table games, which brought in $50.5 million, down almost nine percent from 2014. Revenue from slots and table games was down 3.1 percent, but the uptick in online play offset some of that loss.
So far this year, the casinos have won $121.6 million online, almost equal to 2014’s entire online revenue, the AP reported.
The Borgata had the largest share of online revenue at nearly $3.5 million, but three others were close behind: Caesars at $2.9 million; Tropicana at $2.85 million and the Golden Nugget at $2.7 million. Resorts, which began its online gambling in February, won just under $900,000, the AP reported.
