On Friday, the New Jersey Division of Gaming Enforcement released the financial results of the gambling industry within the state for last month. Results showed that the land-based venues as well as online gambling sites were able to see a nice increase in earnings for the month of July.
$275.3 million was earned for the month in regards to overall gaming revenues which is a 6.9% increase from July 2015 earnings of $257.5 million. Land based venues earned the bulk of the overall revenues with $257.9 million for the month. This was an increase of just over 5% from the July 2015 land based venue earnings of $245 million. For online gambling, the increase was even more significant, at 38.6%, earning $17.4 million.
The Borgata Casino was the top performer for the state, earning $84.8 million, which is an increase of just over 12% from July of 2015. Online gambling for the venue was just under $4 million, while land based operations brought in $84.8 million.
Caesars saw an increase of 7.6% in revenues for the month, earning $31.2 million total. The online operating arm of the brand, Caesars Interactive New Jersey, was able to earn $3.4 million. This was a large increase of 27%. For the Golden Nugget, revenues were up 9.7% with $25.1 million earned for the month. The land based revenues totaled $21.3 million, while online gambling provided $3.7 million of the overall total.
Bally’s AC saw a drop in revenues, with just $21.7 million earned, which is a decrease of 4.8%. Harrah’s also saw a revenue drop, earning $34.2 million with a decrease of 5.2% when compared to July of last year. Resorts had an increase with revenue earnings of $17.9 million, 6.2% more than July of last year.
Tropicana was able to see just over 14% more than last year, with $36.4 million in total earnings. Land based gaming brought in $33.2 million while online gaming was able to contribute $3.2 million. For the Trump Taj Mahal, earnings were down by 8.2% with only $17.5 million generated for the month.