The overall revenues saw a fall of 3.8 percent in the month of January after a nasty storm hit the would-be patrons of Atlantic City. But that wasn’t a good enough reason to stop New Jerseyans from gambling online. In fact, there was an overall rise of 26.5 percent for January 2016 in the New Jersey internet gambling scene. The overall increase of Atlantic City’s eight casinos had $190.1 million in revenues last month. The massive increase helped keep Atlantic City afloat. NJ Online gambling revenues account for eight percent of that $190.1 million only.
The leader among the four Atlantic City casinos that saw revenue increases last month include Tropicana with 6.6 percent increase of $24 million. The highest monthly revenues were by The Borgata, totaling $56.6 million. The remaining were Harrah’s and Trump Taj Mahal.
Matt Levinsion, is the chairman of the NJ Casino Control Commission recently spoke to the the Associated Press about January’s weak numbers. He said that the month started with New Year’s Holiday Weekend but the whole thing fizzled because of the blizzard hat put two feet of snow in Atlantic City’s major feeder markets. And so, many just couldn’t make it to the venue. That was not all disappointment, for it led to the 26.5 percent hike in revenue from online gambling. The figures seemed to have evened with a little difference in the total figures. One way or another, gamblers find a way to gamble.
Online poker in NJ looked quite nice with its fourth consecutive month of growth. January’s online poker revenues, released by the NJ Division of Gaming Enforcement, on February 12, shows that in all, online poker networks brought in $2.2 million.
Month after month of increase in the NJ online gambling industry (that of 8.4 percent) is great but the same situation does not spell out for poker for January was still down year after year. Online poker revenues for January 2015 were $2.3 million. That’s a decent figure but not necessarily a great one.
Although Atlantic City is struggling to get up on its two feet. The competition in states around is alive and kicking. A whole set if January figures have been released by the Pennsylvania Gaming Control Board and it brought to notice that that the overall casino revenues were up 3.6 percent in the month of January. Reports also claim that a little over $71 million in gross revenues was earned in the month of January. Taxes collected from Pennsylvania casinos rounded off to $10 million.
When you pay attention to the fact as to how the Atlantic City is dependent on gambling when you strike a comparison with Pennsylvania, it is not the most glorious thing for the seaside town to witness the neighbouring state’s revenues at over 37 percent of New Jersey’s.
Recently a chart released by the Gaming Control Board showed the growth in the state of Pennsylvania in the year of 2015.