Online gambling keeping Atlantic City casinos in the black

Atlantic City casinos had their fortunes buoyed yet again last month by New Jersey’s online gambling operations.

According to the latest stats from the state’s Division of Gaming Enforcement, total brick-and-mortar gaming revenue in the seaside casino hub totaled $186.6m in February, down 1.8% from the same month last year.

However, if you discount the shuttered Trump Taj Mahal, the seven surviving casinos enjoyed a 4.9% year-on-year revenue gain. Throw in the $18.7m generated last month by the casinos’ online gambling operations and total gaming win was up 6.6% to $205.4m.

All but two of the seven casinos posted year-on-year gains in February, but the market-leading Borgata saw its total slip 0.7% to just under $58.2m. The other decliner, Caesars Entertainment’s Bally’s AC, was down 4.7% to $16.3m.