June stats show Atlantic City casinos had a marked increase in revenue over last year

June stats show Atlantic City casinos had a marked increase in revenue over last year

TRENTON – The Division of Gaming Enforcement issued its gaming revenue report Friday, which showed a 302% increase over last year.

Based upon filings with the DGE, total gaming revenue for the Atlantic City casino industry in June was $392.8 million compared to $97.6 million in June 2020, reflecting a 302.7% increase.

Internet gaming win was $107.1 million in June compared to $84.9 million in the prior period, reflecting an increase of 26.1%. Sports wagering gross revenue was $71.3 million for the month. Casino win for June was $214.5 million.

For the first six months, the industry’s total gaming revenue was $2.11 billion compared to $1.03 billion, reflecting an increase of 105.7%. Internet gaming win increased 50.0% to $634.2 million when compared to the prior period. Sports wagering gross revenue was $368.3 million. Casino win for the period was $1.11 billion.

Due to COVID-19, Atlantic City Casinos closed on March 16, 2020. Internet casino gaming and online sports wagering operations continued. However, most sports wagering events were cancelled beginning in mid-March 2020.

As a result, casino win and sports wagering revenue for the month and the year-to-date period ended June 2021 are not comparable to 2020. Additionally, the Atlantic City Casino Hotel properties continue to operate under certain COVID-19 restrictions since reopening in July 2020.

For the month of June 2021, total gaming taxes were $39.9 million. Total gaming taxes reflect 8% of taxable casino gross revenue, 15% of internet gaming gross revenue, 8.5% tax on casino and racetrack sports wagering gross revenue and 13% tax on casino and racetrack sports wagering Internet gross revenue.

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