New Jersey's gambling revenue was up by 5.3% in July. The Borgata casino set a new monthly record
Atlantic City’s casinos, New Jersey horse tracks that take sports bets, and their online partners won over half a billion dollars from gamblers in July, up 5.3% from a year earlier
ATLANTIC CITY, N.J. — Atlantic City's casinos, the three New Jersey horse tracks that take sports bets, and their online partners won over half a billion dollars from gamblers in July, up 5.3% from a year earlier, figures released Wednesday show.
The month was particularly good for Atlantic City's top-performing casino, the Borgata, which broke its own record for the most money any Atlantic City casino has ever won in a single month, with more than $127 million in casino, internet and sports betting winnings.
But the amount of money won from in-person gamblers at the nine casinos declined by 3% compared with a year ago, to less than $290 million.
Jane Bokunewicz, director of the Lloyd Levenson Institute at Stockton University, which studies the Atlantic City gambling industry, said the 3% dip is not particularly worrisome.
“As is the nature of the gaming industry, there are always fluctuations in the monthly revenues and this 3% decline does not appear to be part of a lasting trend,” she said.
Total gambling revenue, including money from internet and sports betting at casinos and three horse racing tracks, was $506 million in July.
That number was the highest in any July in over a decade, said James Plousis, chairman of the New Jersey Casino Control Commission.
The amount of money won from gamblers physically present on casino floors is the key metric for Atlantic City casino executives. Internet and sports betting money helps the bottom line somewhat, but that money must be shared with third parties such as sports books and technology
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