January revenues for Atlantic City see a nice increase as table games reign supreme in 2017.
In New Jersey, there are only seven gaming venues remaining in operation. Four casinos shut down in 2014 and the Trump Taj Mahal closed its doors in October 2016. This year, there is potential for new gaming venues to appear, such as the newly branded TEN, formerly the Revel Casino, but as of now, there are only seven casinos in operation. The New Jersey Division of Gaming Enforcement released the latest gaming totals yesterday to show how well the casinos have been operating and all seven were able to see year on year gains when looking at January totals.
Table Gaming Takes the Top Spot
It seems players wanted to hit the table games much more than the slots in January when visiting Atlantic City casinos. Figures show that the table games saw an increase of more than 18% bringing in $62.2 million. Slot machines earned only $123.6 million which was an increase of a low .6%. In total, casinos in the state earned $185.9 million for the month which is an almost 6% increase from January 2016.
The January totals reportedly were boosted due to the nicer weather this year. In 2016, the month saw a winter storm hit and a full weekend was wiped out according to Matt Levinson, the chairman of the New Jersey Casino Control Commission. But there were fewer weekends this year so basically the month is a wash when comparing.
The land based earnings of the Borgata were in fine form with the casino earning $60.5 million which is a gain of just over 16%. The biggest gain for the month was seen by Caesars Atlantic City which earned $28.2 million, an increase of 41.1%. Harrah’s moved in to third place with land based earnings, taking in $28.1 million for the month. The increase in earnings for Caesars Atlantic City were due to table games as the venue earned more than $14 million for the month. A year ago, the casino was bringing in over just over $6 million.
Online Gaming Totals
The Golden Nugget continued to hold the top spot this January when it came to online gambling totals. The Borgata actually slid down from its normal spot at number one to take third place in online gaming totals. Figures show that overall, online gaming brought in $18.8 million for January which is over 28% more than what was earned in 2016.
Online casino gaming remained the dominant feature with players spending $16.5 million. Poker saw moderate gains of only 8.7% with just over $2.3 million earned. It seems players were enjoying the game just a little bit more in January than late last year as players spent around $200,000 more than December totals.
The Golden Nugget earned $4.77 million for January which was just enough to keep the casino at the top spot when it comes to online gaming revenues. Caesars Interactive Entertainment earned just over $4 million with the majority coming from casino gaming as well. The total for the month was actually $350,000 higher than what the site earned back in December and more than double that amount more than what the site earned for the same month in 2016.
Borgata took the third spot in earnings, with $3.77 million. Resorts Digital Gaming, the operator behind PokerStars New Jersey, was able to earn $3.16 million with poker actually increasing from December to January. Pulling up the rear is the Tropicana, which earned just over $3 million, which is basically the same as what was earned in December of last year.