Atlantic City casinos rake in over $3B in 2019

Atlantic City casinos rake in over $3B in 2019

Casinos in Atlantic City registered over US$3.2 billion in revenue in 2019, a figure last achieved in 2012.

US.- Atlantic City casinos seem to be enjoying a positive trend: 2019 has proven to be a successful year as the facilities totalled wins over US$3 billion for the first time since 2012, before mass closures in the territory.

According to the figures from the New Jersey Division of Gaming Enforcement (DGE), casinos in Atlantic City totalled US$3.29 billion from bets. The DGE also revealed that sports betting had an impressive performance, as handle rose to US$4.5 billion, of which US$3.8 billion was done online and through mobile apps.

James Plousis, chair of the Casino Control Commission, said that there is a lot of positive momentum going into 2020. In three months of 2019, sports betting handle in Atlantic City was higher than in Nevada, the nation’s sports betting top generator.

“Atlantic City had another tremendous year, with gaming revenue up for 19 consecutive months,” said Rummy Pandit, head of the LLoyd D. Levenson Institute of Gaming, Hospitality & Tourism at Stockton University, according to NJBIZ. “Sports betting and internet gaming has continued to grow gaming revenues in 2019 and we anticipate similar growth in 2020.”

2019, most profitable year for NJ’s online gambling market

A DGE report shows that US$287.3 million were perceived in total gaming revenue during last month’s operations. This figure is an 11% increase over the US$258.9 million that the state had registered in December 2018.

Online gambling operations in the state totalled a combined US$78.7 million in revenue in December, a slight decrease from the US$82 million registered in November. This brings the combined total online gambling revenue in 2019 to US$782.1 million.

New Jersey’s online gambling segment increased revenues by 61.6% in one year, as the total from 2018 was US$392.7 million, and setting 2019 as the most profitable to date.

In this article:
Atlantic City