Atlantic City revenue less than half of 2006 peak despite online contributions

Atlantic City casinos continued their losing streak in 2015, despite improved contributions from their online gambling operations.

The state’s Division of Gaming Enforcement says total land-based gaming revenue for Atlantic City’s eight casinos in the month of December fell 1.2% year-on-year to $177.6m. Counting the $14m earned by the state’s licensed online gambling sites, overall revenue rose 0.6% to $191.6m.

Total land-based gaming revenue in 2015 amounted to just over $2.41b, down 7.8% from 2014’s $2.62b. Counting the online revenue, the annual figure was down 6.5% to $2.56b – or up 3.1% if you discount the 2014 contributions of the four AC casinos that closed their doors that year.

Regardless of how you slice it, 2015’s total is less than half the $5.2b peak the seaside gambling hub reported in 2006, before there was any online contributions and before Pennsylvania and other regional markets launched their own casino operations.