Atlantic City Gambling Revenue Drops Double Digits Over Second Quarter

August 19th, 2010 – by Glen Farmer

Atlantic City’s streak of bad luck has continued. Each of the 11 gambling centers in the state have reported yet another drop over the quarter. The New Jersey Casino Control Commission has reported that gambling revenue has dropped 22.6 percent in the second quarter of 2010.

The massive drop in the three month period has come from the combined efforts of each of the 11 gambling centers. A total of $149 million had been generated, which is down from $192.5 million in the previous year. Revenue from the previous year was also a negative reflection of the year before that.

Each gambling center in the state had experienced lower net revenue. Harrah’s came out the best, with only a 1.2 percent dip in the second quarter of 2010. Borgata is right behind Harrah’s, having only lost 2.4 percent compared to the last year.

Atlantic City’s misfortunes can be ostensibly blamed on the weak economy, but competition is also a serious problem for New Jersey’s extensive gambling industry. Both Pennsylvania and Delaware has opened up full blown gambling centers, incorporating the best of casino gaming and poker gaming into some very well designed gambling locations.

New Jersey’s gaming control board has been working toward saving the floundering gambling industry in the state. Sports betting has been suggested, albeit shot down, and even online casinos have been suggested. As with sports betting, USA online gambling had also been rejected by the state legislature.

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