Atlantic City casinos post third year of gaming revenue gains

Atlantic City casinos closed out 2018 with a solid December performance, pushing the market to its third straight year of annual gaming revenue gains.

On Monday, the New Jersey Division of Gaming Enforcement reported the state’s nine casino operators generated brick-and-mortar gaming revenue of $209m in December, 12.3% better than December 2017’s result.

December’s slots revenue was up 10.7% to slightly under $146.6m while gaming table revenue jumped 16.2% to nearly $62.5m. December’s numbers brought the full-year 2018 revenue total to $2.51b, up 4% from 2017’s total, which was up only 0.3% from 2016’s numbers.

Throw in December’s online gambling and sports betting contributions and the year-on-year percentage gain for December rises to 19.5%. Counting those other revenue sources, annual statewide gaming win for 2018 was up 9.2% to $2.9b.