Atlantic City Casino Revenues Better Than Expected in March

The New Jersey Division of Gaming Enforcement released Atlantic City's casino revenue reports for March, noting that revenues declined by 0.4% when compared to March 2015.

For the month, Atlantic City's land casinos won $202.9 million from land and online gambling, with online revenues soaring 18% from the same time last year to $15.5 million. Land casinos brought in $187.5 million, down 1.7% from last year. Since January 1st, internet gaming revenues is up 27.7% from last year to $44.9 million. Total revenues from Atlantic City is $597.8 million, which is up more than 3% from 2015.

In its first month online, Amaya owned PokerStars brought in $598,000 in additional revenues for Resorts Casino, and boosted the state's internet poker product to $2.46 million. The top overall online casino in New Jersey is the Borgata, which had $4.2 million in revenue, followed by Caesars and Tropicana, who brought in $3.16 million, and Golden Nugget raking in $3.07 million for the month.

Since its launch, online gambling in New Jersey has grown to become a nice pad for Atlantic City's land casinos, often times taking in enough revenue to stem the losses that have been taking place for the last several years.