The New Jersey Division of Gaming Enforcement (NJDGE) published a report about the gaming revenue results generated in February 2017. The report presented an assessment made of the Atlantic City gaming industry, including information about the operators that currently run their services on the territory of the state, as well as tax information and details.
In addition, the state’s authorities released information about the gross revenue generated by its regulated online poker websites, and the number of the online casinos in New Jersey.
Industry Performance
According to the the report presented by the New Jersey Division of Gaming Enforcement, the casino win generated from the gaming industry amounted to $186.6 million, declined by 1.8% in comparison to the $190.0 million reported in February 2016. On the other hand, a massive increase of 26.9% was registered in the Online Gaming win from $14.7 million in the prior year period to $18.7 million. The strong online gaming performance is considered one of the major factors which buoyed the Total Gaming Win in the state from $204.7 million in February 2016 to $206.4 million, representing a 0.3% increase.
The New Jersey Division of Gaming Enforcement also revealed the Casino revenue in the local gaming industry, saying it was estimated to $372.5 million for the year-to-date through February 2017 after a 1.9% rise. Back in 2016, the numbers registered showed $365.4 million. The online gaming revenue of the state rose by 27.8% in comparison to the prior year period, reaching $37.5 million. For the year-to-date, the Total gaming win increased by 3.9% compared to the same period a year earlier, and being estimated to $410.0 million.
Gambling Operators Performance
As mentioned above, the report of the New Jersey Division of Gaming Enforcement also provided detailed information about the performance of the casino and gaming operators who run their services on the territory of the state, providing information about their monthly and year-to-date win.
The total casino win in the state declined by 1.8% to $186.6 million in February 2017 from approximately $190.0 million a year earlier. The online gaming revenue generated by the gambling industry in the state rose by 26.9% to $18.7 million, helping the total gaming win of the state to buoy with 0.3% from $204.7 million in February 2016 to $205.4 million.
As far as the year-to-date casino win generated by the industry is concerned, it experienced a 1.9% increase, reaching $372.5 million. A massive 27.8 increase was reported in the online gaming win in the state over the year ended February 2017 from $29.4 million a year ago to $37.5 million. The total gaming win in New Jersey rose by 3.9% in the twelve-month period, reaching $410.3 million.
Bally’s AC
As the state’s authorities revealed Bally’s AC experienced a decline of 4.7% in its February 2017 casino win, generating $16.3 million in comparison to $17.1 million over the same month a year earlier. The numbers remain the same for the total gaming win for the month, as no online services are provided.
When it comes to the year-to-date casino win and total gaming win of the operator, a 2.3% decline was registered from $31.0 million in 2016 to $30.3 million.
Borgata
Another gaming giant in the state – Borgata – registered a 0.7% drop in its February 2017 casino revenue from $58.6 million in 2016 to $58.2 million. The online gaming win of the brand over the month amounted to $3.7 million, representing a 11.6% decline from $4.2 million in February 2016. All this makes the total gaming monthly revenue of the operator account for $61.9 million, experiencing a 1.5% drop from the $62.9 million posted in February 2016.
When it comes to the year-to-date performance of Borgata, the YTD ended February 2017 casino win of the brand increased by 7.2% from $110.7 million a year earlier to $118.7 million. However, there was a 14.7% decline in the online gaming revenue for the year, which offset the total gaming win of the company. The annual online gaming revenue registered by Borgata amounted to $7.5 million. The overall gaming win of the company for the 12 months ended in February 2017 rose by 5.6% from $119,5 million to $126.3 million.
Caesars
One of the largest brands that currently operate in New Jersey – Caesars – reported a 0.9% increase in its February 2017 casino win, reaching $22.8 million. These were also the numbers representing the total gaming win for the month.
As far as the performance of the company in the year-to-date ended in February 2017 is concerned, its casino revenue increased by 19.7% to $51.0 million. The total gaming win over the 12 months ended February 2017 was equal to the casino revenue of the brand over the period.
Caesars Interactive
Due to the fact that the brand has only online operations on the territory of New Jersey, only data about the Internet gaming win of Ceasars Interactive was presented. The online gaming revenue of the operators in February 2017 rose by 15.6% from $3.0 million a year earlier to $3.5 million. These are also the number represented the total gaming win of the brand this February.
Of course, there were also details about the year-to-date performance, displaying a 20.4% increase in the online gaming revenue to $7.5 million. The overall gaming revenue of the brand is equal to the Internet gaming win.
Golden Nugget
The brand’s casino win for February 2017 rose by 5.0% in comparison to the result posted a year ago, reaching $16.4 million. On the other hand, the Internet gaming revenue of the operator was boosted by 66.0% in February this year, to reach 5.2 million. Its total gaming revenue increased by 15.2% from 18.8 million in February 2016 to $21.6 million.
The Golden Nugget, one of the most popular brands in the state, managed to generate an annual casino revenue of $34.7 million, representing a 7.4% increase in comparison to its result posted a year earlier. Its online gaming revenue for the 12-month period ended in February 2017 rose by the fantastic 76.9% reaching approximately 10.0 million, and the total gaming win for the year rose by 17.7% to $44.7 million.
Harrah’s
Harrah’s posted a small increase estimated to 0.5% in its casino win, reaching a result of $29.5 million in February 2017. As the brand does not run online gaming operations in the state, its monthly overall revenue equalled its casino wins.
On a year-to-date basis, the mild increase in the revenue generated by the casino operations of the brand amounted to 0.8% to 57.6 million, with the total gaming win equalling this result.
Resorts
In February 2017, the brand posted a 21.4% increase in its casino win, reaching $15.1 million. The total gaming revenue of Resorts for February 2017 was equal to the operator’s casino win.
Resorts saw its casino revenue increase by 15.3% from 23.8 million for the prior year, to $27.5 million over the 12 months ended in February 2017. The numbers were the same as far as the total gaming win of the brand was concerned.
Resorts Digital
The Resorts Digital online gaming revenue for February 2017 saw a massive 131.5% increase from 1.3 million in 2016 to $3.1 million. The result equalled to its total gaming revenue over the months.
When it comes to the year-to-date performance of the brand, its internet revenue win for the 12 months ended February 2017 reached a total of $6.2 million.
Tropicana
The operator had a 28.1% increase in its casino win in February 2017. Tropicana’s online gaming win rose by 6.6%, reaching $3.3 million, and its total gaming win increased by 25.5% to $31.5 million.
Tropicana also presented its 12-month results for the year ended this February. The casino revenue for the year rose by 1.9% from $365.4 million to $372.5 million. The Internet gaming revenue of Tropicana experienced a massive increase of 27.8% to $37.5 million. This accounts for a total gaming revenue increase of 19.9% from 49.1 million a year earlier to $58.9 million.
Tax Information
According to the report released by the New Jersey Division of Gaming Enforcement, the total gaming taxes in February 2017 amounted to $16.4 million. This amount reflects 8% of the taxable casino gross revenue and also 15% of Internet gaming gross revenue.
What is more, the regulated casino industry in the state was subjected to an Investment Alternative Tax Obligations of $2.8 million. This is a 1.25% of the casino gross win, and also represented a 2.5% of the online gaming gross revenue.
On the other hand, the gross revenue tax of the year-to-date ended February 2017 amounted to $32.9 million, while the Investment Tax Obligations for the period amounted to $5.6 million.
- Author
Daniel Williams
