The Casino Association of New Jersey (CANJ) today announced that May marked the 12th straight month of year over year growth for Atlantic City, according to the most recent Division of Gaming Enforcement (DGE) gaming revenue results report. The DGE report released on Wednesday indicates that May gaming revenue for Atlantic City was over $266 million. This reflects a 22.5 percent increase over the same period last year.
“The last year represents a growth period for Atlantic City,” said Kevin Ortzman, President of the Casino Association of New Jersey. “It is no surprise that as we mark 12 straight months of year over year growth, we also mark the one-year anniversary of sports betting. We expect this enthusiasm to continue throughout the summer months as we welcome new visitors to the resort destination.”
In May, Atlantic City saw gains in areas such as gaming revenue and sports betting, which continues to be a major impact since its inception a year ago. Other highlights from the DGE report include:
· Total gaming revenue in Atlantic City for 2019 is over $1.2 billion
· Online gaming revenue was over $38 million in May 2019, up 57.8 percent over May 2018
· Sports wagering revenue for Atlantic City casinos was over $5.5 million in May 2019
· The industry generated over $22 million in taxes and fees collected by the state in May 2019
The State of New Jersey is seeing large revenue growth due in large part to the legalization of sports wagering last year. In 2019 alone, for the State of New Jersey, sports betting generated over $12 million in taxes and fees.
“In its first year, sports betting has had a significant impact on the Garden State, particularly in Atlantic City and Atlantic County,” said Joseph Kelly, President of the Greater Atlantic City Chamber of Commerce. “Sports wagering helped create new jobs, generate economic growth and provide a much-needed boost to the state and local economy. We are optimistic that this economic growth will continue into 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.