Online Casino Revenue in NJ Continues to Boom, Overall Revenue Slumps

Online revenue from regulated New Jersey operators once again grew in August; however, land-based casinos in Atlantic City slumped at a bigger rate, resulting in a declining month overall when compared to one year ago.

According to the August 2016 Gaming Revenue Results financial report released by the New Jersey Division of Gaming Enforcement, total casino revenue in the Garden State declined by 6.9 percent from $258.6 million in August 2015 to $245.9 million in August 2016. This marks three of the four past months with a decline in total revenue. July was an exception. Revenue increased by 6.9 percent in August of the past year.

Total casinos revenues decreased by an even sharper 10.7 percent when compared to the $275.3 million reported in July.

Thanks to a strong performance earlier in 2016, year-to-date revenue tells a different story with an overall increase of two percent from $1.733 billion in the first eight months of 2015 to $1.768 billion in the same period this year.

Land-Based Casinos Slump

For the fourth straight month, land-based casinos slumped. Revenue from land-based casino operations in Atlantic City declined by 6.7 percent from $246.4 million in August 2015 to $229.8 million in August 2016. This also represents a bigger 10.9 percent reduction in revenue when …

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