Online Gambling Continues to Drive Atlantic City Casino Revenue

Online gaming revenue continued to boost Atlantic City casino revenue, turning a relatively flat June for land-based revenue into 1.8 percent increase over June 2016. Online gaming revenue was up 23 percent for the month. Matt Levinson (l.), chairman of the New Jersey Casino Control Commission, calls the results “solid numbers.”

Atlantic City’s seven casinos saw a 7 million land-based win for June—almost exactly even with June 2016—but thanks to a 23 percent increase in online revenue, the casinos were up 1.8 percent over last year.

If the numbers for the shuttered Trump Taj Mahal—which closed in October—are excluded, the revenue jump was 10.8 percent, according to an analysis by the Associated Press.

“These are solid numbers that show that casinos are attracting more business and increasing their market,” said Matt Levinson, chairman of the New Jersey Casino Control Commission in a press release. “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 percent, with six of the current seven operators outperforming last year.”

Caesars Atlantic City was the only casino to report a revenue decrease in June, down 1.9 percent to $24.6 million. The biggest percentage increase was posted by the Golden Nugget, up nearly 23 percent to $23.5 million, according to the AP.

Online revenue for the month was about $20.2 million. The Golden Nugget continued to lead the state’s online market taking in $5.5 million. The Borgata was second at $3.8 million.

For land-based revenue, the Borgata remained the revenue leader with $63.7 million it won from gamblers in June was more than twice as much as its closest competitor, the Tropicana, which won $31.9 million. Harrah’s was close behind at $31.6 million, according to the AP.

For the first half of 2017, Atlantic City’s casinos have won $1.29 billion, an increase of 3.5 percent over the same period last year.

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