Atlantic City Casino Revenue Worst in 2 Decades

This year is shaping up to be the worst for the Atlantic City casino industry in the last 22 years. Figures released Wednesday by the state Division of Gaming Enforcement show the city’s 12 casinos are on a pace that would see them take in less than $3 billion from gamblers for the first time since 1991.

For the first six months of the year, the casinos won $1.38 billion, down 10.7 percent from the same period last year. The casinos’ revenue fell 12.6 percent in June, to $240.2 million, and every one of the casinos posted a monthly revenue decline.

Casino table game revenue was $61.1 million, down 16.3 percent from a year ago, while slot revenue was $179.1 million, down 11.2 percent from last June.

While a good performance in the prime months of July and August could still boost the industry past the $3 billion mark by the end of the year, the first-half numbers are concerning. Last year, Atlantic City’s casinos took in just over $3 billion, down from a high of $5.2 billion in 2006.

Read more on what’s happening with Atlantic City casino at NJ.com