Atlantic City Reports Double Digit Gaming Revenue Gains for the Month of March
The New Jersey Division of Gaming Enforcement released the final report showing gaming wins for land-based casino resorts was $223.2 million, a 15.7% increased for y-o-y. All casinos in the city reported but two reported declines for year-on-year comparisons.
Slot activity was the big win for the month with more than $162.6 million generated in slot spins, a 18.5% increase for the year. Table games had a decent month as well earning $60.5 million. Total gaming revenues rose by 25.3% when combined with $11.4 million in sports betting revenues and $39.1 million in online gambling licenses.
The NJDGE said the big overall impact came from the Hard Rock AC entering the market. The Hard Rock earned a respectable $24.6 million, while the new Ocean Resort Casino came in second earning a little more than $15.1 million.
The report detailed by overall gaming, and then slots and table game stats. Caesars was the big winner in these two departments with Resorts Casino Hotel ranking in second place. Caesars earned themselves a 4.3% increase with $22.8 million generated and Resorts just a little over $14.85 million.
Based upon filings with the Division of Gaming Enforcement, Total Gaming Revenue for March was $294.0 million compared to $218.5 million in March 2018, reflecting a 34.5% increase.
For the month of March 2019, total gaming taxes were $25.5 million. Total gaming taxes reflect 8% of taxable casino gross revenue, 15% of Internet gaming gross revenue, 8.5% tax on casino and racetrack sports wagering gross revenue and 13% tax on casino and racetrack sports wagering Internet gross revenue.