Atlantic City, NJ, February 11, 2008 — Casinos here reported $355 million in casino win in January – a decrease of 10 percent over the same month a year ago. Results reported to the Casino Control Commission show that the 11 casinos won $234.2 million at the slot machines and another $120.8 million at table games in January. Slot revenue declined 13.9 percent while table revenues decreased 1.5 percent.
Casinos paid $28.4 million in taxes on their gross revenues in January. That money, 8 percent of gross revenue, goes into the Casino Revenue Fund which pays for programs that benefit qualifying senior citizens and people with disabilities. In addition, the casinos incurred another $4.4 million in reinvestment obligations. They are required to reinvest 1.25 percent of gross revenues in projects approved by the Casino Reinvestment Development Authority.
Win, or casino revenue, is the net amount of money won by casinos. It is not profit.
Detailed data on revenues from each individual casino can be found at the Commission’s Web site.
For more information on January casino revenue, click here.
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