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Atlantic City casino profits take summer dip in July without Taj Mahal

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Atlantic City casino profits take summer dip in July without Taj Mahal

ATLANTIC CITY -- While Atlantic City casinos won considerably more from online gamblers in July compared to last year, their overall gambling profits in the seaside resort dipped slightly because the Taj Mahal is no longer in business.

The seven surviving casinos made $267.9 in July, down 2.7 percent from the $275.3 eight collected in the same 31-day period in 2016. The latter figure takes into account the Taj Mahal, which shuttered last October.

Which Atlantic City casinos are still open? And which may soon reopen?

If the Taj Mahal is removed from the equation, casinos made 2.9 percent more.

The Division of Gaming Enforcement released the July figures on Monday.

Internet gambling helped mitigate the overall decline in the city, though. Casinos won $20.6 million from people playing online games, an 18.5 percent increase from the $17.4 million it raked in over the same time frame last year

As usual, Borgata led the way, recording overall winnings of $80,126,715. That's a 5.6 percent dip from the hotel-casino's performance in July 2016 when it won $84,798,604, though.

Resorts (15.6) and Tropicana (12.7) posted double-digit increases overall. Tropicana's winnings totaled $41,086,493 in July versus $36,445,207 in that month last year.

Resorts records online and in-casino winning separately. It won $20,445,557 in house in July and another $3,750,529 online. In 2016, Resorts won $17,871,689 and $3,052,298 via the internet.

With five months left in the year, casinos have increased their gambling profits slightly versus last year. Winnings for all casinos totaled $1.417 billion through July compared to $1.410 billion from January-July 2016, up 0.5 percent.

Jeff Goldman may be reached at  This e-mail address is being protected from spambots. You need JavaScript enabled to view it . Follow him on Twitter @JeffSGoldman. Find NJ.com on Facebook.

 

 

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