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Atlantic City Betting Revenues Sag 4.4% in October

The New Jersey Division of Gaming Enforcement has released Atlantic City's financial results for the month of October, noting that gaming revenues dropped 4.4% when compared to the same period last year.

For the month Atlantic City Casinos brought in $207.2 million in gaming revenue, which was down from $216.9 million last year. Land casinos were responsible for $197.7 million of that total, while online gambling contributed $9.5 million.

During the month online gambling was able to break the $100 million level for revenues since it launched. Online casino games accounted for 75.7% of that money, while poker revenues were 24.3% of that total.

Although that threshold was broken, online gambling revenues were down 7.5% from September. Online casino games were down 7.8% and poker was down 5.7%.

In terms of New Jersey's online gambling market, the Borgata and Party Poker retained the highest market share, bringing in 34.2% of the state's online betting revenues. Second place was taken by Caesars, who holds 25.9% of the market, while the Tropicana, Golden Nugget, and Betfair follow with 20.3%, 10.6%, and 9% each.

October saw 22,571 new accounts registered, which is up 4.6% from September. To date the state's online casinos have registered 479,073 accounts. It is estimated that the average player has six accounts, meaning that there have been around 80,000 people have signed up and played since the launch last year.

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