CITY - Based upon filings with the Division
of Gaming Enforcement, total casino win rose
4.2 percent in December 2011 to $246.5 million.
Slot machine win rose 8.3 percent, to $174.1
million, while table game win decreased by
4.3 percent, to $72.5 million.
positive win results are an encouraging
sign of economic recovery for Atlantic City
casinos," said Acting Director David
Rebuck. "This is an exciting time for
Atlantic City as we see more visitors enjoying
the casinos and the wide-array of attractions."
Director Rebuck also said, "This has
been the highest monthly percentage increase
since December 2006. With the regulatory
reforms in place and the upcoming opening
of the Revel Casino, we are hopeful that
this positive trend will continue and reinvigorate
the excitement that is part of Atlantic
City and its casino venues."
paid $17 million in taxes on their gross
revenues in December. That money, 8 percent
of taxable gross revenue, goes into the
Casino Revenue Fund, which pays for programs
that benefit qualifying senior citizens
and people with disabilities. In addition,
the casino industry incurred $3.1 million
in reinvestment obligations based on their
gross revenues for the month. Casinos are
required to reinvest 1.25 percent of gross
revenues in projects approved by the Casino
Reinvestment Development Authority.
the year, casinos won $3.3 billion which
is down 6.9 percent from 2010. Win from
slot machines was down 5.4 percent and win
from table games was down 10.4 percent from
the prior year.
reflects the net amount of money won by
casinos. It is not profit.