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Atlantic City announces June 2013 casino win results10 July 2013ATLANTIC CITY, New Jersey -- (PRESS RELEASE) -- Based upon filings with the Division of Gaming Enforcement, total casino win was $240.2 million in June 2013 compared to $274.7 million last June. The 12.6% change was impacted by a less favorable calendar with June 2013 containing one less Friday than June 2012. Table game win was $61.1 million, reflecting a variance of 16.3% compared to the prior period. Slot machine win was $179.1 million, reflecting a variance of 11.2% due in part to the impact of an $8.3 million, or 19.8%, reduction in promotional gaming credits wagered compared to the same month last year. Casinos paid $17.1 million in taxes on their gross revenues in June. That money, 8 percent of taxable gross revenue, goes into the Casino Revenue Fund, which pays for programs that benefit qualifying senior citizens and people with disabilities. In addition, the casino industry incurred $3 million in reinvestment obligations based on their gross revenues for the month. Casinos are required to reinvest 1.25 percent of gross revenues in projects approved by the Casino Reinvestment Development Authority. For the first six months of the year, casinos won $1.38 billion, reflecting a change of 10.7% from the same period last year. Win reflects the net amount of money won by casinos. It is not profit. |