Caesars and Bally's

Caesars Atlantic City and Bally’s Atlantic City

ATLANTIC CITY — Casino gaming revenue increased in May compared to the month prior, but was down more than 5 percent from the previous year, according to figures released Wednesday.

The industry’s total gaming win for May was $217.7 million compared with $214.4 million generated in April. However, last month’s total was 5.1 percent less than the $229.4 million in May 2017.

Internet gaming revenue continued to rise for Atlantic City casinos in May, increasing by $1.3 million over the $23 million generated in April. Compared to May 2017, internet gaming increased 15.3 percent.

“The May results were mixed,” said Christopher Glaum, deputy chief of financial investigations for the state Division of Gaming Enforcement. “While slot machine win and internet win were up for the month, table game win was down due largely to a lower win percentage. Last May, the industry had an unusually high win percentage, at close to 20 percent, and this year was more normal, at around 16 percent.”

For the year-to-date, the industry’s revenue totaled $910.1 million for 2018 compared to $971.8 million in 2017, a decrease of 6.3 percent. Internet gaming revenue increased 15.5 percent to $116.9 million for 2018.

“Somebody was lucky in May, but it wasn’t the casinos,” said James Plousis, chairman of the Casino Control Commission.

Plousis offered an optimistic view for this summer, touching on the June 28 openings of Hard Rock Hotel & Casino Atlantic City and Ocean Resort Casino as well as legal sports wagering, which begins Thursday in Atlantic City at Borgata Hotel Casino & Spa.

“I do anticipate that gaming revenue will increase this summer with the addition of new casinos, sports betting and a wealth of new attractions, amenities and entertainment,” he said. “With that also comes more tax revenue, more jobs and increased economic activity for the entire region.”

Contact: 609-272-7222 DDanzis@pressofac.com Twitter @ACPressDanzis

I cover Atlantic City government and the casino industry since joining The Press in early 2018. I formerly worked as a politics & government reporter for NJ Herald and received the First Amendment: Art Weissman Memorial NJPA Award two years in a row.

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