ATLANTIC CITY-The city’s casinos once again saw their revenues tumble in July. As reported by the New Jersey Casino Control Commission, gambling establishments racked up a win total of $383 million last month, a drop of 12.7% from the same month a year ago. A win equates to revenue, or the net amount of money won by the casinos. It does not connote profit.
For the first seven months of ’09, casinos won $2.3 billion, down 14.9% from the same period in 2008. Splitting that total between slot machines and table games, the 11 casinos in the city won $1.6 billion at the slots and $715.2 million at the tables, which translate to declines of 15.3% and 14%, respectively, between January and July of 2008 and 2009. On a monthly basis, the casinos pulled in $266.8 million at the slots in July, a decrease of 12.4% from July 2008. Meanwhile, the tables brought in $116.2 million, a decline of 13.4%.