Casino and gambling revenue slowed down for the month of July, but nonetheless grew by nearly 8 percent – $323 million since July 2018, during which time New Jersey saw the opening of two new casinos and the roll-out of its lucrative sports-betting market.
The latest figures from the Division of Gaming Enforcement, which regulates the state’s gambling industry, marked a break in the 13-month streak of double-digit revenue increases turned in by Atlantic City’s casinos.
“It is clear the increase in competition has led to market adjustments,” said Casino Control Commission Chairman James Plousis.
Meanwhile, between January and July patrons bet $2.3 billion at the state’s 10 on-site, and nine mobile and online, sportsbooks – most of it through the remote sportsbooks.
Year-to-date gaming revenue for Atlantic City’s casinos is $1.85 billion, marking an increase of 18.4 percent compared to the first seven months of 2018.
“July provided the first opportunity to compare year-over-year results in Atlantic City’s nine casino market, and those results confirm the market has grown,” Plousis added.