According to the recently published statistics of the Atlantic City Division of Gaming Enforcement, the total gaming revenue of the state’s casinos for the month of August 2015 was $258.6 million, which is a 5 percent decline from the same period last year. The total gaming win of the eight casinos in the state in August 2014 was $272.3 million.
The Division of Gaming Enforcement also noted that the Labor Day weekend last year happened in August from Friday through Sunday, while this year it fell in September.
On the positive side, online gaming revenue this year in August was $12.2 million which is a 15.8 percent increase compared to the $10.5 million revenue in August 2014.
Nevertheless, the entire gaming revenue of $258.6 million for August 2015 dropped 15.2 percent compared to the $305 million in revenue reported last year when all casinos were open. Four land based casinos, namely the Atlantic Club, Showboat, Revel and Trump Plaza, closed in Atlantic City last year. The revenue decline comes after a couple of months of gains among the casinos that survived including a 8.1 percent raise in July.
The casino with the steepest decline was Caesars which generated $31.3 million in August this year compared to the $43.8 million revenue in the same month in 2014. Golden Nugget, on the other hand, had the sharpest increase in revenue with $22.4 million generated in August 2015 compared to the $17.5 million in revenue in August 2014.
The total gaming taxes for August 2015 were $19.6 million. They reflect 8 percent of taxable casino revenue and 15 percent of online gaming revenue.