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Online Betting Helps Lessen Atlantic City's Financial Losses

16 September 2014 by Dustin Jermalowicz

This story was published more than 10 years ago.

Online gambling may be underperforming in New Jersey, but that hasn't stopped the activity from helping aid Atlantic City casinos from taking a bigger hit in the financial department.

In August online gambling contributed $10.5 million to the eleven Atlantic City casinos still open for business. The numbers were up $500,000 from the month before and helped the state's casinos post just a 1.2% loss over the same period last year.

For the month casinos in Atlantic city brought in $294.4 million in revenue, but that number was down from $298 million in August 2013.

The Borgata was the biggest performer for the month, bringing in $65.8 million (up 5.2%), while the Tropicana hauled in $31.3 million (up 46%) and the Golden Nugget won $16.7 million (up 34%).

For the year, Atlantic City casino revenue is down 6.3% to $1.85 billion.

It is unknown how legal sports betting will affect New Jersey's casino operations, but it is thought that the wagers could bring a significant boost to the state's coffers.

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.