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Home / Poker News April 2016 / Atlantic City Casinos Growing Again Thanks to Online Gaming

Atlantic City Casinos Growing Again Thanks to Online Gaming

Posted by: James Carter. - Sun, 2016-04-17 13:56

Atlantic City Casinos Growing Again Thanks to Online Gaming

As a sort of Petri Dish for the whole of the US gambling industry, producing some positive effects on land-based operations has always been highly important for online gambling/poker in New Jersey. After all, the driving force behind the legalization initiative had been just that: to use internet gaming to get the long-ailing live gambling sector back on the path to growth. Even as recently as 2014, casinos were closing all over the Garden State, but now, statistical data shows that growth has indeed returned, and it has done so thanks to internet gaming just as hoped/planned for.
While for the time being, the growth isn't exactly impressive, it is there and so is the potential that it carries. According to the March gaming revenue results released by New Jersey Division of Gaming Enforcement, in Atlantic City, Casino revenue shit the $598 million mark, up some 3.1% from last year's 579.9 million.
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Indeed, there could be no doubts about where the bulk of the growth originated: regulated internet casinos. Land-based operations showed some signs of stability too, registering a 1.5% growth. Responsible for most of this growth were the slots, while casinos themselves actually saw a small decline compared to the figures produced in March last year. This decline was even more pronounced for the land-based casino revenues.
In most of the fenced-in online gaming markets, revenues have been steadily declining. France is perhaps the best example in this respect. Thus far though, New Jersey has defied the trend. Over the first quarter of the year, revenues have increased by a massive 27.7% in comparison to the same period of last year.
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