Home>Articles>Gaming revenues down 29% year-to-date

Bally's Casino in Atlantic City in 2011. (Photo: Shinya Suzuki.)

Gaming revenues down 29% year-to-date

By Nikita Biryukov, September 14 2020 3:22 pm

New Jersey’s August gaming revenues came in about 7.5% lower than they did in the same month last year, the Division of Gaming Enforcement announced Monday.

The state brought in $326.3 million from gambling last month, compared to $352.8 million in August 2019.

Despite the drop, online gambling revenues more than doubled, jumping from the $41.1 million brought in last Augsut to $87.8 million, an increase of more than 110%.

Casino revenues dropped to $199.1 million, a drop of about 30% from last August.

Overall, gaming revenues are down 29% from this point last year. So far, the industry has brought in a little more than $1.6 billion. By this point last year, it had generated nearly $2.3 billion.

Like many businesses in the state, casinos were shuttered for months to prevent the spread of COVID-19. They reopened in August under a set of restrictions.

Despite the drops, the state is still pulling in some much-needed revenues from the gambling industry. Those taxes brought in a total of $32.4 million last month.

Spread the news: