The New Jersey Division of Gaming Enforcement (DGE) has released its August report days ago. And the findings reveal some pretty impressive figures! As we well know, Atlantic City is booming right now! Sports bets are being placed every second, and the tables remain hot in the city! Not to mention, the slots have also been seeing a lot of attention in recent months too. So there is no doubt about it, business is all good in Atlantic City, and the summer was awesome!
The totals for August
First, August reveals strength in the market and also shows the direction of things in the city. Yes, we saw growth last year, and impressive figures in July too. Although August set the tone by bringing in $30 million more than last month! That’s a million dollars a day difference, so we’re not talking peanuts here! Also, the city generated 24.1% more in revenue than reported one year ago! You can now thank August for that boost because that month alone seen $303.9 million!
Even more increase
Second, Atlantic City’s brick-and-mortar casinos have also seen impressive growth. So it’s not only online gaming and betting that has skyrocketed, but so did the casino floors. Since sports betting has arrived, the floors are jammed packed! As of August 2018, casinos in Atlantic City reported a 20.7% increase in revenue from August 2017! That’s because casinos brought in $270 million last month! And now that football season is underway, September is already starting to look great. The summer might be to an end, but the good times in Atlantic City are only beginning!
Year to date
It’s also important to keep in mind, it’s been a great year too, not only a good month! The city’s land-based casinos are also up 1.2% bringing the yearly figures up to $1.66 billion! And that includes having a bad winter that slowed things up. But that’s almost $20 million more than last year’s totals! That kind of makes you look at that 1.2% growth in a different light, right? Now let’s see what kind of figures we’ll see in September.