Atlantic City casinos posted a small brick-and-mortar gaming revenue gain in October but a new study is casting doubt on the market’s ability to withstand any more local or regional competition.

Figures released last week by the New Jersey Division of Gaming Enforcement (DGE) showed the nine AC casinos generated land-based gaming (slots and table) revenue of $202.25m in October, up 0.8% from the same month last year but over $22m less than they earned in September.

Slots revenue was up 3.5% to $147.5m while table games slipped 5.8% to nearly $54.8m. For the year-to-date, total slots & table revenue is up 7.7% to $2.25b. The above numbers don’t include the casinos’ sports betting and online gambling operations, both of which were in record-setting mode in October.

In slots & table terms, the Borgata won the month as usual with $51.5m, up 1.5% year-on-year, while the Hard Rock ($24.5m, +5.2%) and Harrah’s ($24.1m, +1.2%) fought it out for second- and third-place. The month’s biggest percentage gain went to the market’s other newcomer, Ocean Casino Resort, which shot up 40.8% to $18.4m.