Slot Machine Revenue Rising

New Jersey’s slot machines are bringing in a lot of money – but no one is complaining. Their slot machine casinos brought in more money in November than they did this time last year, and they lost a major hotel and casino when the Sands Hotel Casino closed its doors. The Sands was sold to Pinnacle Entertainment, Inc. who is going to tear down the slot machine landmark and build a bigger and better casino.

Some think the increases are probably because since the Sands announced it was closing, people wanting a piece of that slot machine history flocked to the casino to play before it closed. It was Atlantic City’s smallest slot machine casino, and in the 11 days that it was open the casino brought in $3.53 million – which is still less than the year before when it brought in $12.8 million.

The entire slot machine and gambling industry was up $406 million in November, which is 1.6% up from the year before. Most of the increased revenue comes from the slot machines, where the revenues were up 2.5% over same time last year – totaling $297 million. Table games did not fare as well as the slot machines, with them coming in 0.6% under last year’s numbers of $109 million. The yearly results are up 3.7% from last year, coming in at $4.8 billion a compared to $4.6 billion previously.

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