Casino Revenue Update - March 2019
March 14th, 2019 8:20 AM

ATLANTIC CITY — Casino gaming revenue was up for the ninth consecutive month in February, according to state gaming regulators.

Total gaming revenue for the month was $232.3 million, an increase of 21 percent compared to February 2018, based on data released Wednesday by the state Division of Gaming Enforcement.

Casino revenue in the resort has increased by double digits every month since the opening of Hard Rock Hotel & Casino Atlantic City and Ocean Resort Casino in June. The continued growth of online casino gaming and the addition of a new revenue source from sports betting have also contributed to the industry’s winning streak.

Casino win — revenue generated from slot and table games — was up more than $26 million last month compared to the same time in 2018, an increase of 15.7 percent. Table games accounted for $57 million in revenue, which is up 24.4 percent. Slot machine win increased by 12.4 percent with reported revenue last month of $139.6 million.

Sports betting, which was introduced to Atlantic City casinos in June, reported revenue of $3.875 million for the month. The figure also includes sports betting revenue generated by online and mobile partners. The state’s two racetracks that offer sports betting — Monmouth Park and Meadowlands — reported revenue of $8.86 million. February was the first time legal bets on the Super Bowl were permitted in New Jersey.

Online and mobile sports betting continued to account for the majority of wagers in the Garden State. Of the $320.4 million wagered in February, 80.8 percent was done online or through a mobile application.

For all your Residential and Commercial Real Estate Appraisal needs please contact:

James M. Hanson Associates, Inc.
Phone: (609) 884-9185

Community Resource Links
Cape May Chamber of Commerce
Cape May County Chamber of Commerce
Avalon Chamber of Commerce
Atlantic City Chamber of Commerce

Posted in:General
Posted by James M. Hanson on March 14th, 2019 8:20 AMPost a Comment

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