2019 is another record-breaking growth year for Atlantic City

The New Jersey Casino Association (CANJ) today reported that Atlantic City saw another record-breaking year of growth, according to the Game Division (DGE) Gaming Earnings Report for December 2019. Throughout 2019, the beachfront resort saw 12 consecutive months of revenue growth and continued success in sports betting and internet gaming.

“In 2019, Atlantic City saw an overall increase in gaming revenue, sports betting, internet gaming, and tourism,” said Steve Callender, president of the New Jersey Casino Association. “We’ve achieved several milestones over the past year, including the first time New Jersey’s sports books have outperformed Nevada and significant internet gaming growth.” 파워볼게임

2019 was the first year of sports betting and the first year of operations at two of the newest casinos. Over the past year, Atlantic City has seen continuous revenue growth in the following areas:

  • Combined with third-party internet gaming and sports betting providers, Atlantic City’s total gaming revenue topped $3 billion for the first time since 2012
  • More than $482 million in 2019 online gaming revenue, reflecting 61.6% increase over 2018
  • The industry earned more than $279 million in taxes and fees collected by the state in 2019
  • Sports betting generates more than $123 million in revenue in 2019
    -Game revenue increased for 19 consecutive months
  • New Jersey’s sportsbook beat Nevada in May, July and August 2019

“Atlantic City has had another tremendous year, with gaming revenue increasing for the 19th straight month,” said Ruby Pandit, executive director of the Lloyd D. Levenson Gaming, Hospitality & Tourism Institute at Stockton University. “Sports betting and internet gaming continued to grow gaming revenue in 2019 and we expect similar growth in 2020.”

The released DGE report also shows Atlantic City’s gaming revenue for December 2019 was over $270 million. This reflects a 9.2% increase over the same period last year. Other indicators for Atlantic City’s continued growth in December include:

  • Online gaming revenue of more than $49 million, up 70% from December 2018
  • The industry brought in nearly $24 million in taxes and fees collected by the state in December

“We look forward to seeing how sports betting and internet gaming will diversify and grow our economy,” Callander added.

According to a recent Press of Atlantic City article, Atlantic City saw its fourth consecutive year of gross revenue growth. In recent years, legalized sports betting, the continued success of internet gaming, extended offerings, the opening of two new casinos, the South Jersey Gas Headquarters, the University of Stockton Beach Campus, the Borai Development Housing Complex, and the redevelopment of Tennessee Avenue provided significant increases in jobs, revenue, and tourism last year.

The casino industry is committed to consolidating the beach resort’s comeback by diversifying Atlantic City’s services, as well as investing hundreds of millions of dollars in redevelopment projects and non-game services to attract new visitors. These efforts have advanced the revitalization of Atlantic City, transforming it into a great restaurant, entertainment, and shopping business conference destination and leading resort.

Leave a Reply

Your email address will not be published. Required fields are marked *