New Jersey reports revenue fall in October

The DGE announced October’s gaming revenue results that show New Jersey experienced a slight decrease.

US.- The Division of Gaming Enforcement (DGE) of New Jersey revealed that based upon filings, casino win from the industry, including the discontinued operator Trump Taj Mahal, for October was US$185.8 million, a 0.3 percent decrease when compared to the US$186.4 million totaled in October 2016.

With online gaming win totaling US$10.6 million last month, an increase of 23.4 percent over the same period a year before, the industry’s total gaming win for the month was US$206.4 million, up from the US$203 million in October 2016, or a 1.7 percent increase.

Year-to-date numbers indicate that casino win gathers US$2.041 billion through October 2017, which increased if compared to the US$2.036 registered in the prior period, reflecting a 0.3 percent increase.

New Jersey’s regulated online casinos totaled US$20.6 million in October and set an eight consecutive month over the US$20 million mark. With two months to spare in 2017, it hit the US$200 million mark in gross revenue for the year and broke the annual revenue record. Online casinos generated US$204.2 million in gross revenue through October 31 and surpassed the US$196.7 million that was accomplished in the 12 months of 2016.

Total gaming win increased to US$2.245 billion, a 2.2 percent up when compared to he same period last year. The current operators in Atlantic City, excluding Trump Taj Mahal, increased their numbers 0.2 percent to US$185.8 million in October. Total gaming win was US$206.4 million, a 2.1 percent up over the same month last year. Year-to-date information indicate that current operators’ casino win was US$2.041 billion, a 6.8 percent increase, whilst total casino win was US$2.245 billion, 8.4 percent up.

“For the month of October 2017, total gaming taxes were US$16.3 million. Total gaming taxes reflect 8 percent of taxable casino gross revenue and 15 percent of Internet gaming gross revenue. In addition, the casino industry incurred US$2.8 million in Investment Alternative Tax Obligations, which reflects 1.25 percent of casino gross revenue and 2.5 percent of Internet gaming gross revenue,” said the report released by the DGE.