Atlantic City Casino Revenue Numbers Down Slightly in October

The New Jersey Division of Gaming Enforcement released on Tuesday financial information about the performance of the state’s casinos in October. Including Trump Taj Mahal, which closed doors on October 10, total gaming win amounted to $203 million for October, down 0.7% year-on-year. Excluding the discontinued operator, the seven remaining venues generated almost 6% higher revenue than they did in October 2015.

Casino revenue (including Trump Taj Mahal) totaled $186.4 million, down 2.7% from the same month of the previous year. Internet gaming continued growing last month to generate revenue of $16.7 million, representing a 29.6% rise from October 2015.

On a year-to-date basis, total gaming revenue amounted to $2.197 million, up 1.4% from the prior-year period. Land-based casino operations contributed $2.036 billion, down 0.5% year-on-year, and online gambling delivered a 32.5% growth to $161.2 million.

Two of Atlantic City’s seven operational casinos posted drops in their monthly revenue for October, with those being Bally’s and Resorts. Revenue at Bally’s decreased 2.9% year-on-year to $16.5 million. Resorts reported casino win of $14.3 million, down 3.5% from October 2015. On the other hand, the gambling venue’s digital division performed more than well, posting a 204.8% jump in revenue to $2.7 million.

Borgata topped Atlantic City’s casino revenue chart for yet another month. The venue generated casino win of $60.5 million in October and internet win of $3.7 million. Total gaming win amounted to $64.2 million.

Caesars posted monthly revenue of $23.5 million, mirroring a 3.5% rise from the same month of the previous year. Caesars Interactive NJ saw revenue go up 5.2% year-on-year to reach $3.1 million in October.

Golden Nugget posted the biggest revenue increase of 16.7% for October 2016. Overall gaming win at the casino amounted to $20.6 million. Land-based operations contributed $16.5 million and online gaming generated the amount of $4.1 million.

Harrah’s reported a slight 0.8% rise in monthly revenue to $29.3 million. The casino does not offer online gambling options.

Last but not least, Tropicana generated the amount of $28 million in gambling revenue last month, up 13.5% year-on-year. Operations at the brick-and-mortar venue contributed $24.8 million. Online gambling services provided by the casino generated a total of $3.1 million inc October.

Last month, Atlantic City’s casinos contributed the amount of $16 million in tax revenue to the state. Land-based casino operations are taxed at 8% on gross gaming revenue. Internet gaming is taxed at a 15% rate on gross gaming revenue.

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