Atlantic City Casino Revenue Cools in July, Brick-and-Mortar Win Totals $290M

Atlantic City casinos won to a lesser extent money twelvemonth over twelvemonth in July as table spunky players fared break against the ennead houses cut down the shore.

The New Jersey Division of Gaming Enforcement (DGE) released its July revenue report on Wednesday, revealing just how rosy players were on the mat cobbler's last month. Gross gaming revenue (GGR) from tabulate games totaled just now $72.1 million, a to a greater extent than 13% drop off from July 2022 when tables won virtually $83.1 one thousand thousand for the ix casinos.

Slot players didn’t transportation as well, as they lost nearly $217.8 1000000 to the one-armed bandits. That represents a 0.9% gain, or most $1.9 million, on July 2022.

James Plousis, chairman of the New island of Jersey Casino Control Commission, told Casino.org that lastly month was noneffervescent the second-best July inward 10 years slow only July 2022.

On the cassino floor, one-armed bandit simple machine win reached its highest unwavering since August 2013, demonstrating that visitation this summertime has been strong. While gamblers won more at the gaming tables compared to last-place July, cassino win was stock-still the back highest reported figure for July inward 10 years,” Plousis said.

While legacy gaming stumbled, iGaming inward July managed to continue its revenue rally. GGR from interactive slots and table games totaled just about $155.2 million, a 13.5% year-over-year jump.

Oddsmakers kept nigh $61 meg of the bets wagered, which represented a $16 zillion betterment on the previous July.

Industry Increases

When revenue from all verticals was combined, July GGR inwards New Jersey was $506.1 million, a 5.3% year-over-year bump. Through sevener months, New Jersey’s gaming manufacture has generated gross revenue of over $3.23 billion. That’s upward 11% from this clip cobbler's last year.

Plousis said July was the topper statewide GGR month inwards over a decade. He also cited that iGaming this year eclipsed the $1 1000000000 brand faster than it ever so has. Online gambling casino platforms experience won $1.08 one million million this twelvemonth through July.

Oddsmakers reported taking to a greater extent process shoemaker's last month than they did inward July 2022. Sportsbook data showed that they recognized a minuscule to a greater extent than $587 gazillion inwards bets, up 10% from July 2022.

Garden State sports bettors prefer wagering via the cyberspace instead of visiting a brick-and-mortar sportsbook inward Atlantic Ocean City or patronizing unity of the state’s leash track books. Of the $587 jillion wagered endure month on sports, $561.6 million, almost 96%, was facilitated remotely through a sportsbook app or website.

New Jersey’s taxation welfare in conclusion month was around $49.1 million. The country levies an 8% task on cassino revenue, 15% on iGaming, 8% on retail sports, and 13% on online bets. Year to date, Trenton has gathered almost $331 one thousand thousand from gaming.

Borgata Top Casino

Through VII months, Borgata continues to sovereignty supreme inward Atlantic City. The Marina District holding operated past MGM Resorts has generated GGR of $453 million on its physical cassino floor. Hard John Rock is a removed s at $287.3 million.

While Borgata’s retail gaming revenue is upwards almost 6% this year, Hard Rock’s gaming income has slid nigh 1%. The Boardwalk holiday resort is ace of fin Atlantic City casinos that has seen its brick-and-mortar run slump this yr through and through July.

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