Atlantic City Gambling Winnings Down Big In 2018Revenue Down Significantly Through March |
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Is the recovery over for Atlantic City?
The start to 2018 has been a poor one for the city’s seven casinos. According to figures from state gaming regulators, the casinos won $594.9 million through March, down six percent compared to the $631.9 million won during the same period last year.
If you exclude internet gaming revenue, the casinos took in $525.3 million from their brick-and-mortar operations, a decrease of 8.3 percent year-over-year.
Internet casino win of $69.5 million through March was up 17.3 percent.
In calendar year 2017, total gaming win for Atlantic City was $2.66 billion, an increase of 2.2 percent compared to 2016. Through the first three months of last year, gaming revenue of $631.9 million was up 5.7 percent compared to the same period in 2016.
Atlantic City gaming win reached of a high of $5.2 billion in 2006, only to be halved over the next decade thanks to a sluggish U.S. economy and competition in neighboring states.
In an effort to grow online poker revenues, Atlantic City and Las Vegas will soon pool their players for online poker tournaments and cash games.
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