Atlantic City casinos get off to a great start in 2020
The city’s gambling houses are looking to have a great rebound year
One of the most popular gambling locations in the US besides Las Vegas is presenting revenue numbers for the first month of the year, and it seems like good news. Atlantic City casinos and sportsbooks had gross gaming revenue reported for over $300 million, which is an increase of nearly 31%.
The numbers were good for virtually all gaming activities in this gambling paradise, slot machines and table games collected $192 million. If compared to the revenue from the same period last year, it reports an 8.3% increase in the year-over-year figure. That was for the brick and mortar casinos, but the online casino also had his share of contribution with a $55 million gross revenue collected jumping an impressive 64%.
“Atlantic City continued its momentum with strong results in January,” New Jersey Casino Control Commission Chair James Plousis told the Press of Atlantic City.”
Sports betting is definitely one of the main attractions that keep gamblers engage in New Jersey and it can be seen reflected in the numbers. Sports betting in both brick and mortar and online sportsbooks, including both state-owned horse racetrack facilities, collected $53.6 million in revenue. That is a whopping 185% increase.
“Revenue from slots, table games, internet wagering, and sports wagering all grew. Internet and sports wagering did particularly well, bolstering the industry’s performance in the middle of the traditional off-season,” added Plousis. Also, based on these figures, this is the 20-consecutive month in which the gross gaming revenue has experienced an increase. The total amount of money wagered was $540.1 million, with an 8.4% win, resulting in a $44 million profit.