ATLANTIC CITY — Bolstered by record internet gambling revenues, the resort’s seven remaining casino saw overall gambling earnings increase by nearly 17 percent in March from a year ago.
Internet gambling increased by 40 percent in March, totaling more than $21.7 million, the biggest month ever for the city’s online gambling market in its 3½ years, according to state gambling revenue figures released Wednesday.
Robert DellaFave, senior analyst for internet gambling advocacy group PlayNJ.com, said this type of gambling is not taking people away from gambling inside casinos but is adding to the overall market.
“New Jersey online gambling revenue largely comes from players that have never set foot inside an Atlantic City casino,” he said.
Overall, revenue for Atlantic City’s seven operating properties totaled $221 million in March, about $31 million more than a year ago, according to state figures.
Casino revenue for the first three months of the year, including internet gambling, is up nearly 13 percent over last year, totaling about $632 million.
“Every month should be as good as March was,” said Matthew B. Levinson, chairman and CEO of the Casino Control Commission. “Slot win, table game win and Internet gaming win all were up last month.”
The previous high for Internet gambling revenue was $18.8 million in January 2017, according to state figures.
“Today’s casino gaming revenue results are further proof of the industry’s stability during the past 18 months,” said David Rebuck, director of the Division of Gaming Enforcement. “Internet gaming revenue results continue to exhibit impressive growth.”
Internet gambling has generated more than $80 million tax revenue since 2013, putting it on pace to climb past the $100 million mark before the end of 2017, according to PlayNJ.com.
“Online gambling is a critical component of Atlantic City’s revitalization efforts,” DellaFave said. “Nearly three-and-a-half years since its inception, the train that is the New Jersey online gambling industry continues to gather steam. Every month the industry either flirts with or sets a new record for revenue.”