Casino Gaming Revenue Increases by 3.3 Percent

On May 15, 2014

Based upon filings with the Division of Gaming Enforcement, casino win from the eleven casino hotels open in both April 2013 and 2014 (excluding Atlantic Club) increased by 3.3%. Six casino hotels reported an increase in casino win for April 2014, four of which were up between 12% and 55% compared to April 2013. Including Atlantic Club, casino win declined 1.8% compared to April of last year.

Internet gaming win was $11.4 million for the 30 days in April, compared to $11.9 million for the 31 days in March 2014. Internet gaming win per day was relatively flat at $380,958 for April 2014 and $383,173 for March 2014. Internet gaming win for April consisted of $2.6 million in Peer-to-Peer win and $8.8 million in Other Authorized Games. As of April 30, 2014, 322,423 Internet gaming accounts have been created, up 10.6% from the 291,625 accounts as of March 31, 2014.

Total gaming win from the casino hotels and Internet gaming operations was $235.9 million in April 2014, a 3.2% increase compared to the $228.5 million in casino win for April 2013 (including Atlantic Club).

Casinos incurred $18 million in total gaming taxes in April 2014 reflecting an increase of 8.8% compared to April 2013. For the four months ended April 2014, casinos incurred $66.2 million in total gaming taxes, up 2.9% compared to last year. Total gaming taxes reflect 8% of taxable casino gross revenue and 15% of Internet gaming gross revenue.

In addition, the casino industry incurred $3.1 million in reinvestment obligations with the Casino Reinvestment Development Authority for April, which reflects 1.25% of casino gross revenue and 2.5% of Internet gaming gross revenue.

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