The Crowded Market for Casino Gambling

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The Crowded Market for Casino Gambling

New Jersey

With their once-exclusive regional gambling franchise besieged at every border, the state’s casinos are in decline. Three announced closings this year. Revel Casino, built for $2.4 billion two years ago in an attempt to restore Atlantic City's luster, will be auctioned at bankruptcy this week.

Connecticut

Most of the money bet at Indian casinos in Connecticut has come from gamblers traveling from Massachusetts and New York, who increasingly have closer alternatives. Numbers reflect only revenue from slots. Table game revenues are not reported.

Rhode Island

Rhode Island added table games in 2012. Revenue continues to grow at a slow pace.

Delaware

Table games gave Delaware’s casinos a temporary reprieve from declining revenue in 2010.

West Virginia

Hollywood Casino in Charles Town dominates the West Virginia market and rivals the Atlantic City casinos with $500 million in revenue in 2013.

New York

The Resorts World racino at Aqueduct Park has exploded since its opening in 2011. With nearly $800 million in revenue in 2013, it takes in more revenue than any Atlantic City casino.

Pennsylvania

After authorizing casinos a decade ago, Pennsylvania surpassed New Jersey in 2011 as the second biggest gambling state. But casino revenues have fallen for the past two years, and a state report predicts the decline will continue for the foreseeable future.

Maine

Two casinos in Maine are slowly growing. They introduced table games to try to increase revenue in 2012 but have not seen increased their piece of the market, making only $130 million in 2013.

Maryland

Hollywood Casino in Perryville, Maryland, opened in 2011, brings in the most revenue. In 2013, it made more than $118 million from gamblers.

Ohio

Casino revenues are only about half what the state predicted when gambling was legalized in 2009.

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