- Jan 24, 2017
The New Jersey Division of Gaming Enforcement released figures on Tuesday that show Atlantic City Casinos’ gambling revenue was up by 7.7% in January 2017, when compared to last year. The seven casinos generated a total gaming win of $204.6 in January, numbers which are, in part, thanks to their online gambling platforms.
According to the figures, the casinos saw an increase across multiple verticals, the highest of which was the Internet Gaming Win, which generated $18.8 million in January 2017, or 28.6% more than last year’s numbers of $14.6 million. The industry also saw an increase in Casino Wins, which this year amounted to $185.9 million, or 5.9% more than the same month of last year when it reached $175.5 million. The Total Gaming Win from current operators (Taj Mahal excluded) also jumped by 15.2% to $204.7 million.
Revenue increases were seen in all seven casinos, with the smallest gains going to Bally’s Hotel and Casino, who had a total win increase of only 0.6% over January last year. The Golden Nugget took the first spot in the Internet Gaming Win vertical, generating $4.77 million with its online platform, or 90.6% more than last year, closely followed by Caesars Interactive NJ, whose online win amounted to $4.03 million. But not everyone did well in the online sector, as Borgata’s numbers show that its online platform saw a 17.5% decline, although it still finished third with $3.76 million.
Apart from the online sector, the casinos also saw gains in the table game sector, where the total table game win was up by 18.3% to $62.2 million. Slots, on the other hand, only had a 0.6% increase over last year, but still generated far more than table games, or $123.6 million. The biggest jump was made in the Other Authorized Games sector, which had a 32.1% increase over January 2016.