New Jersey's online gaming revenue up 23% in June

The

njatlantic
state of New Jersey reported a 23% year-on-year increase in online gaming revenue during the month of June.

Atlantic City’s seven casinos took $197m in June, matching the revenue figures for the same period a year prior. Moreover, the total sum was boosted by an increase in revenue from online gambling by 2%.

David Rebuck, Director of the New Jersey Division of Gaming Enforcement told the Press of Atlantic City: “June’s report reflects continuing overall financial stability within the industry and increasing strength for 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.”

The Golden Nugget reported the largest percentage year-on-year increase in its gaming revenue, increasing by 23% to $23.5m. It also topped the online revenue figures, generating $5.5m in June just beating the Borgata, which reported $3.8m in online revenue during the same month.

The Borgata remained Atlantic City’s top casino in terms of gambling revenue with its $63.7 million it won from gamblers in June being more than double that of its closest competitor, the Tropicana, which won $31.9m. Harrah’s was not far behind, totalling at $31.6m.

Of the remaining Atlantic City casinos, Caesars was the only one to report a revenue decrease in June with its revenue dropping by almost 2% to $24.6m.

Matthew B. Levinson, Chairman and CEO of the state Casino Control Commission added: “These are solid numbers that show that casinos are attracting more business and increasing their market

"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.”

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