Atlantic City Sees Another Drop in Revenue 

The slot machines in Atlantic City, NJ are never going to be the same. The amount of revenue that the slot machines used to bring in was great while it lasted, but with so much competition out there now there is no way that it could have lasted forever. The problem is that when Atlantic City was the only state offering slot machines on the East Coast they brought in a lot of money.  

That all changed as the surrounding states started bringing in slot machines as well, and the city slowly saw their revenue get less and less as it now had to be split among several different states. Then compile that with the fact that we are currently in our worst recession since the Great Depression and you are doomed to start losing money.

Well, the slot machines have not been performing as they would have hoped, and they have seen their numbers continue to drop over the past couple of years. However, at some point you would hope that they would start to climb again. It appears that this time has not yet come. Instead, the slot machines were down 8.5% from a year ago – which equates to $294.2 million. The slot machines are steadily dropping, although not as bad at table games. The slot machines dropped 7.6% overall and the table games dropped 10.1%. 

This was a huge shock to the casinos needless to say as they felt that the slot machines were now had by pretty much everyone – but the table games were the one thing that they had to offer that the other casinos didn’t.