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Huge Growth For New Jersey Casinos in July
- Updated: August 18, 2016
Casinos in Atlantic City, New Jersey reversed the declining trend from the past two months to show growth in July for the first time since May.
According to the July 2016 Gaming Revenue Results financial report released by the New Jersey Division of Gaming Enforcement, total casino revenue in the Garden State increased by 6.9 percent from $257.5 million in July 2015 to $275.3 million in July 2016.
The gains are even bigger when compared to June 2016 with revenue growing by 28.7 percent from the $213.9 million reported last month.
Casino revenue declined in May and June despite the consistent growth in online gaming being unable to make up for the gap from a slump from land-based gambling in Atlantic City. In July, however, this wasn’t the case with land-based gambling revenues increasing by 5.3 percent from $245.0 million in July 2015 to $257.9 million in July 2016.
Similar to overall revenues, this also …
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