Internet gambling boosts Atlantic City revenue in June

Internet gambling boosts Atlantic City revenue in June

July 13, 2017 10:16 AM
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In June, Atlantic City’s seven casinos took in $197 million just about the same amount as June 2016, according to the Associated Press.

However, an increase of more than 23 percent in online winnings gave the city a total monthly increase of 1.8 percent, compared to a year ago.

“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. “Gaming revenue for the current operators has now increased every month this year compared to last year,” he added. In the first half of 2017, total gaming win at the seven casinos is up 11.1 percent, with six of the current seven operators improving on their 2016 performance.

David Roebuck, director of the New Jersey Division of Gaming Enforcement, said online gambling is helping Atlantic City’s casinos survive in a competitive regional market.

Caesars 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, the Associated Press reports.