The state’s online gaming industry continues to enjoy big upticks compared to a year earlier – the 29.9 percent increase in Nov. 2016 vs. Nov. 2015 being typical these days.
Online poker was up 6.4 percent to $2.1 million last month, which is almost exactly what it has made in most of the recent 18 months. Online slots and other games were up $4M to $17.2M as those games grew even further beyond poker numbers.
The city’s casino industry was down 3.5 percent in November compared to Nov. 2015, with brick-and-mortar numbers down 5.8 percent but being soothed by online gaming upticks.
“Through November, total gaming revenue is up 1 percent compared to last year,” noted Casino Control Commission Chairman Dennis Levinson. “And if you take out the Taj Mahal, which closed in October, the operating casinos are up 3 percent for the 11 month period. The positive performance has been fueled all through the year by strong increases in internet gaming win. Every casino with a permit to offer internet gambling reported increased on-line revenue.”
Total gaming taxes were $15.7 million in November on 8% of taxable casino gross revenue and 15% of Internet gaming gross revenue. In addition, the casino industry incurred $2.7 million in Investment Alternative Tax Obligations, which reflects 1.25% of casino gross revenue and 2.5% of Internet gaming gross revenue.
The biggest loser in November was Caesars, down 12.4 percent, with Golden Nugget up 11 percent.
The rankings by all 2016 gaming win:
- Borgata $709.0M
- Harrah’s $328.9M
- Tropicana $311.4M
- Caesars $272.3M
- Golden Nugget $229.7M
- Bally’s $195.2M
- Resorts $158.9M