Atlantic City Still Seeing a Revenue Drop

It has been very difficult for Atlantic City, New Jersey as of late. They have worked very hard to try and keep their revenues up, but there it has been very hard to do so. This is a state, and a city, that has seen slot machines and table games for several decades. They were the first on this side of the country to offer them and for a long time they were the only ones to offer them. It was extremely lucrative for them to offer their gambling and players came from neighboring states on a regular basis to play.
 
However, it started going downhill when surrounding states started adding in their own slot machines. Slowly as state by state added in their own slot machines at parlors and racetracks across their own states, fewer residents wanted to make the trip over to Atlantic City to play there. The state started seeing a drop in their numbers, but it wasn’t until Pennsylvania added in slot machines that it got really bad. The majority of their out of state clients come from PA and New York, so with their addition of slot machines they lost a large number of their clients and with it their revenue.
 
Then the economy hit and between the slot machine competition and that they saw their numbers continue to slide downward in an unhealthy pattern. But they still had their table games – that is until PA voted to allow table games in their state as well. Now NJ knows that they are looking at reduced revenues for the remainder of their time so they have to find ways to bring in more. Their revenues for this past year were down another 13% which literally equates to millions of dollars less that they have to play with.