CasinoCityTimes.com

Gurus
News
Newsletter
Search News Subscribe
Stay informed with the
NEW Casino City Times newsletter!
Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter!
Related Links

Gaming News

 

Atlantic City sees gains during March Madness season

15 April 2019

(PRESS RELEASE) -- The Casino Association of New Jersey (CANJ) announced that Atlantic City continued to see growth in the month of March, according to the most recent Division of Gaming Enforcement (DGE) gaming revenue results report. Atlantic City saw gains in gaming revenue and sports betting, stemming from March Madness and the start of the Major League Baseball season.

“The March 2019 DGE numbers are a promising sign of Atlantic City’s continued growth as we head into the busy summer season,” said Kevin Ortzman, President of the Casino Association of New Jersey. “There is no doubt that sports betting has provided a major boost to the local economy, and we believe this excitement will translate into increased revenue, jobs and tourism throughout the summer months.”

The DGE report released on Friday indicates that March gaming revenue for Atlantic City was over $273 million. This reflects a 25.3% increase over the same period last year. Other highlights from the DGE report for Atlantic City include:
  • Online gaming revenue was over $39.1 million, up 53% over March 2018.
  • Sports betting revenue was $11.4 million.
  • The industry generated over $23 million in taxes and fees collected by the state in March.
“The March DGE report reflects Atlantic City’s continued economic growth in 2019, building on a successful January and February,” said Joseph Kelly, President of the Greater Atlantic City Chamber of Commerce. “Overall, Atlantic City is on an upward trajectory, and we are confident this growth will lead to more visitors and an economic boon for the state and local economy.”

The casino industry continues to work to solidify the seaside resort’s comeback by diversifying Atlantic City’s offerings, as well as investing hundreds of millions of dollars in redevelopment projects and nongaming services to attract new visitors. The industry’s efforts have advanced the revitalization of Atlantic City, transforming the city into a business conference destination and first-class resort that features great restaurants, entertainment and shopping.

< Gaming News

Atlantic City sees gains during March Madness season is republished from Online.CasinoCity.com.