Atlantic City Casino Revenue Up 4.6 Percent for November

Atlantic City’s seven casinos saw a 4.6 percent increase in revenue for November over the same month in 2016. Online gaming revenue stayed steady, again topping $20 million for the month at about $20.6 million. That represents an about 20 percent increase over 2016. November was the first month that revenue from the now closed Trump Taj Mahal (l.) did not have an impact. The casino closed in October 2016.

Atlantic City Casino Revenue Up 4.6 Percent for November

Atlantic City saw a 4.6 percent increase in casino revenue for November bringing in $206.4 million according to figures released by the New Jersey Division of Gaming Enforcement.

That’s an increase over $197.3 million in November 2016 and was led by a 20 percent increase in online gaming revenue to $20.6 million over $17.2 million in 2016. Online gaming revenue has consistently topped $20 million a month for most of 2017.

The figures reflect the first month that revenue from the Trump Taj Mahal—which closed in October 2016—did not figure into the year-to-year comparison.

 “Despite the loss of Taj Mahal, the industry is poised to report the first calendar year increase in casino win since 2006,” said Christopher Glaum, deputy chief of the DGE in a press statement. “Including internet gaming win, total gaming win is on track to have its second consecutive calendar year improvement.”

Two of the city’s casinos reported revenue declines. Bally’s Atlantic was down 4.7 percent to $15.5 million and Harrah’s was down 7.6 percent to $28.4 million. The biggest gainer was Resorts which was up 18.6 percent to $14.9 million.

The Golden Nugget was up 15.2 percent to $23.6 million; Caesars was up 7.7 percent to $22.9 million; the Borgata was up 5.7 percent to $64.2 million; and the Tropicana was up 4.9 percent to $29.6 million, according to the Associated Press.

The Golden Nugget continues to lead Atlantic City’s online gambling market, winning nearly $6.2 million in November, an increase of nearly 63 percent over last year. The Borgata saw a 12 percent increase in online revenue to $4.2 million.

So far for 2017, total gambling revenue is $2.452 billion, up about 8 percent compared with the same period last year.

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