March Madness bolsters gaming revenue for Atlantic City

Atlantic City continued to see growth in the month of March, according to the most recent Division of Gaming Enforcement gaming revenue results report. Atlantic City saw gains in gaming revenue and sports betting, stemming from March Madness and the start of the Major League Baseball season.

The DGE report released on April 12, indicates March gaming revenue for Atlantic City was $294.0 millionm compared to $218.5 million in March 2018, reflecting a 34.5 percent increase.

Other highlights from the DGE report for Atlantic City include the Internet Gaming Win hitting $39.1 million in March, compared to $25.6 million in the prior period, reflecting an increase of 53.0 percent; and the Sports Wagering Gross Revenue reaching $31.7 million for the month.

“The March 2019 DGE numbers are a promising sign of Atlantic City’s continued growth as we head into the busy summer season,” said Kevin Ortzman, president of the Casino Association of New Jersey. “There is no doubt that sports betting has provided a major boost to the local economy, and we believe this excitement will translate into increased revenue, jobs and tourism throughout the summer months.”

The casino industry continues to work to solidify the seaside resort’s comeback by diversifying Atlantic City’s offerings, as well as investing hundreds of millions of dollars in redevelopment projects and non-gaming services to attract new visitors. The industry’s efforts have advanced the revitalization of Atlantic City, transforming the city into a business conference destination and first-class resort that features great restaurants, entertainment and shopping.

NJBIZ STAFF
Write to the Editorial Department at editorial@njbiz.com.

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