New Jersey’s Atlantic City Gambling Revenue Rises 24% in August
New Jersey’s Atlantic City gambling revenue has increased, a new report has revealed.
The New Jersey Division of Gaming Enforcement (NJDGE) revealed this week that gambling operators recorded a total gaming revenue of $303.9 million, up 24.1% year-on-year.
According to the report, the figure was an improvement over August 2017’s revenue and around $30 million better than the revenue reported for the month of July.
Much of the earnings come from Atlantic City’s sports betting licenses ($9.2 million), online gambling licenses ($24.8 million) but also the city’s real casinos, which made a whopping $270 million, 20.7% more than in August 2017.
Atlantic City’s Borgata casino made most of the city’s revenue at nearly $70.9. The Tropicana followed on its heels, making $32.3 million.
Despite this, four casino’s reported revenue drops including Bally’s which fell 10.7% to a revenue of £32.2 million.
Gambling in New Jersey
The US state of New Jersey has been hitting headlines over the last few months, particularly after legalising sports betting in June. Several gambling operators launched sports betting apps in New Jersey including MGM and, most recently, The Stars Group. 888Casino also expanded into the US by launching their very own sports betting website.
Meanwhile, an Atlantic City casino made headlines this week after announcing they were offering shelter to Hurricane Florence evacuees. Several days later, however, the resort revealed they had been completely booked and had no more available space.