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Atlantic City, NJ, APRIL 10, 2008 — Casinos reported $395 million in casino win in March, a 9.9 percent
decrease over the same month a year ago.
Results reported to the New Jersey Casino Control Commission Thursday show that the
11 casinos won $277.3 million at the slot machines and another $117.7 million at table
games in March. Slot revenue was down 11.2 percent while table revenues decreased
6.6 percent. Copies of individual casino tax returns with detailed information on gaming
revenues are available on the commission Web site.
Casinos paid $31.6 million in taxes on their gross revenues in March. 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 $4.9 million in reinvestment obligations. They are required to
reinvest 1.25 percent of gross revenues in projects approved by the Casino
Reinvestment Development Authority.
For the first three months of the year, casinos won $1.1 billion, down 6.4 percent from the same period in 2007. Revenue from slot machines is down 8.5 percent and revenue from table games is down 1.3 percent for the three months.
Win, or casino revenue, is the net amount of money won by casinos. It is not profit.
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