Atlantic City casinos closed out 2018 on a strong note. After releasing their revenue reports for December 2018, the city’s brick-and-mortar casinos generated $209 million for the month, which brought the total revenue for the year to $2.51 billion.

Atlantic City Casino Revenue December 2018 Calendar

Two reopened Atlantic City casinos and half a year of sports betting helped push casino revenue up 7.5 percent in 2018 to nearly $2.86 million. Atlantic City Casino Revenue This July 25, 2019 photo shows casino employees bringing inflatable pool toys to Santa at the outdoor pool at the Ocean Casino Resort in Atlantic City, N.J. Figures released Aug. 14, 2019 by the New Jersey Division of Gaming Enforcement show the casinos took in $323 million, an increase of 7.8% from July 2018. FOR the fourth straight year casinos in Atlantic City saw revenues increase, with last year’s figure of $3.47 billion the highest in the Garden State since 2010. The 2019 figure was 20% more than the handle in 2018 and there had not be a double-digit revenue increase in the industry in 35 years.

The casino industry employed 5,796 Atlantic City residents in December 2018, according to state data. Contact: 609-272-7222 ddanzis@pressofac.com Twitter @ACPressDanzis 0 comments. Casino Revenue Fund Taxes and Fees Source Report Summary of Gaming and Atlantic City Taxes and Fees Monthly Gross Revenue Reports are issued in conjunction with the monthly press release two business days after receipt at 2:00 p.m.

It was a 12.3 percent increase in their year-over-year numbers for December and a four percent increase from the $2.41 billion that the casinos brought in in 2017. In 2017, Atlantic City was the second-largest gaming market in the country, behind the Las Vegas Strip casinos.

When factoring in online gaming and sports betting to the state’s overall gambling revenue, the figure jumps to $2.9 billion for 2018. It is the third year in a row that the market saw growth following several years of steady decline, due mostly to increased competition from casinos in Maryland and Pennsylvania.

The online side of the New Jersey gambling market also finished strong. New Jersey regulated online gaming operators set records with $29 million in revenue for December alone. It was a 40 percent increase year-over-year and brought the total online haul to $298.7 million for 2018.

Online poker brought in $21.4 million of the total online revenue for the Garden State, while other online casino games pulled in $277.3 million. Poker made up just 7.1 percent of the market’s total haul, marked by an 11 percent drop from last year’s online poker revenue for the state.

Atlantic City Casino Revenue December 2018 2019

It wasn’t all good news in the state, however. In 2018, with the openings of both Hard Rock Casino and Ocean Resort Casino, the state jumped from seven to nine commercial gaming properties. Six of the seven casinos that were already operating before those openings saw a drop in revenue for the year due to the crowding market.

Ocean Resort Casino had financial problems throughout its first six months of business. Owner Bruce Deifik sold his majority stake in the property earlier this month.

The Casino Association of New Jersey (CANJ) today announced that Atlantic City continued to see growth in the month of November, according to the most recent Division of Gaming Enforcement (DGE) gaming revenue results report. November marked 18 straight months of gaming revenue increases for Atlantic City casinos.

“November highlighted yet another month of gains for Atlantic City, primarily online gaming and sports wagering, as we approach the end of the year,” said Steve Callender, President of the Casino Association of New Jersey. “Sports betting and tourism are strengthening the city’s overall revitalization, and we look forward to continuing this progress in 2020.”

Atlantic City Casino Revenue December 2018 Calendar Printable

The DGE report released on Thursday shows that November gaming revenue for Atlantic City was over $288 million. This reflects a 16.5 percent increase over the same period last year. Other highlights from the DGE report include:

• Online gaming revenue was over $49 million, up 82.4 percent from November 2018
• Sports wagering revenue was over $15 million, up 34.6 percent from November 2018
• The industry generated over $25 million in taxes and fees collected by the state in November 2019

“2019 has been a great year so far for Atlantic City with an increase in tourism, thanks to gaming, sports wagering and other positive developments across the city,” said Joe Kelly, President of the Greater Atlantic City Chamber. “The casino industry continues to serve as the backbone of the city, region and state’s economy, and these steady economic gains are an encouraging sign that the city is a top seaside resort destination.”

The casino industry continues to work to solidify the seaside resort’s comeback by diversifying Atlantic City’s offerings, as well as investing hundreds of millions of dollars in redevelopment projects and non-gaming services to attract new visitors. The industry’s efforts have advanced the revitalization of Atlantic City, transforming the city into a business conference destination and first-class resort that features great restaurants, entertainment and shopping.

The sports book at the Resorts Casino in Atlantic City, where dozens of surveillance cameras are monitored by a security team.Credit…Mark Makela for The New York Times