Although land based casinos haven’t been making that much profit lately, Atlantic City has been making up in revenue thanks to online casinos. The state Division of Gaming Enforcement claimed that there was a boost in revenue of 2.3% in March, from $199 million last year to almost $204 million. If the study takes into consideration the casinos that haven’t been doing well last year, there is a noticeable drawback in revenue of 12.6%.
Various major casinos in Atlantic City closed down in January last year. The chairman of the New Jersey Casino Control Commission, Matthew Levinson, stated that the highest casino profits came from online gambling. There are certain casinos who increased their profits by 337% compared to last year, while some recorded a growth in revenue of 60%. In some regions, despite the apparent decline in revenues, there still was a profit of 7.7%. However, the boardwalk casinos in Atlantic City registered a decline in profits in March.
Matthew Levinson is very confident about the trajectory that defines online casinos at the moment. The evolution in profits will continue since in the last seven months the overall gaming revenue increased by 12%.