New Jersey Casinos See Growth Streak Reach One YearState's Nine Casinos Win $226.76 Million In May |
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The streak of growth in New Jersey casinos has officially stretched through an entire calendar. According to numbers released last week by the state’s Division of Gaming Enforcement, the state’s casinos reported its 12th straight month of growth.
The nine casinos reported $226.76 million in gaming revenue in May, which represented a 27.1 percent increase from May 2018.
The start of the streak last June coincided with the opening of Hard Rock Hotel and Casino Atlantic City and Ocean Casino Resort, as well as the launch of legalized sports betting in the Garden State.
James Plousis, the Casino Control Commission Chairman, told The Press of Atlantic City that the indicators are pointing towards a continued surge through the next few months.
“The market’s momentum is pointing toward a great summer,” said Plousis. “With the most attractions and entertainment options in recent memory, Atlantic City is providing more reasons to visit for anyone seeking top gaming, leisure and recreation.”
Revenue from table games and slot machines made up the majority of the total win for the state’s nine casinos. Slot machines took in $165.2 million, while table games added another $57.7 million. The $222.9 million for those two gaming types represents a 15.3 percent increase from May 2018.
Internet gaming added another $38.3 million, which was a whopping 57.8 percent increase year-over-year. Sports betting brought in another $15.5 million in revenue.
Through the first five months of 2019, New Jersey casinos have won $1.31 billion, up significantly from the $1.03 billion through the same period in 2018.
Borgata Hotel Casino & Spa was the state’s biggest winner. It took in $61.3 billion and was by far the most profitable casino in the state. The Golden Nugget was second on the list with $31.25 million in revenue.
Resorts Casino was the state’s worst-performing operator with just $16.16 million in revenue for May.
Despite extending the streak, New Jersey casinos are down slightly from the $265.4 million generated in April.
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