As predicted casino revenue in AC continues to grow! According to the NJ Division of Gaming Enforcement (DGE), generated revenue was up 13.5% (YOY) in October. So, this marks the fifth consecutive month of growth. So there’s no doubt about it, Atlantic City continues to boom. With that said, we’ve got some details from the DGE monthly revenue report, and we’re going to share them with you!
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Atlantic City Continues to Flourish
Since Christie gave a thumbs up to online gambling, it’s been all positive and money is flowing! In fact, Atlantic City’s nine casinos pulled in $234.3 million last month, increasing their share of the market by 5.3%. However, online casinos proved to be the true winners here! In fact, October was a record-breaking month!
As the numbers reveal, online casinos saw $26.75 million in revenue. All and all, it’s an increase of 30.1% (MOM). But it’s expected as the seasonality heavily affects the online industry. After all, who want to play slots at home when September offers the last opportunity to catch a bit of sun for the year!
the Golden Nugget is the big winner
Golden Nugget continues to drive in more growth than any other casino in New Jersey! In fact, the Nugget generated $9,674,550 in October alone. According to the books, that’s an all-time high for the casino. Not to mention, it’s also a New Jersey state record! Additionally, every online casino reported positive growth in October. Overall, things have been great this year, and they’re only getting better!
All Things Considered
Ocean Resorts owner, Bruce Deifik, said, “I believe Atlantic City is going through a complete renaissance.” Mr. Deifik is right in our opinion and Octobers results prove that too for his company. In fact, Ocean Resorts generated 77.86% more than they did last month!
Hard Rock was the closest to beat this growth rate and generated 51.67% more when compared to September. So as you can see, the market continues to flourish even as tourism slows down for the winter. It’s now evident that online casino is a major factor in AC, if not the most important. And without it, this report would have looked much different!