Industry:
Based upon filings with the Division of Gaming Enforcement, Total Gaming Revenue for July was $302.1 million compared to $267.9 million in July 2017, reflecting a 12.8% increase. Casino Win for July was $272.3 million increasing 10.1% from the same month last year. Internet Gaming Win was $25.9 million in July compared to $20.6 million in the prior period, reflecting an increase of 25.8%. Sports Wagering Gross
Revenue was $3.8 million for the month.
For the year-to-date, the Industry’s Total Gaming Revenue was $1.563 billion for 2018 compared to $1.559 billion in 2017, reflecting a increase of 0.3%. Casino Win was $1.390 billion reflecting a 1.9% decrease over the prior period. Internet Gaming Win increased 16.5% to $165.4 million for 2018. Sports Wagering Gross Revenue was $7.3 million since inception, on June 14, 2018.
Tax Information:
For the month of July 2018, total gaming taxes were $23.4 million. Total gaming taxes reflect 8% of taxable casino gross revenue, 15% of Internet gaming gross revenue and 8.5% tax on casino and racetrack sports wagering gross revenue. In addition, the casino industry incurred $4.1 million in Investment Alternative Tax Obligations, which reflects 1.25% of casino gross revenue and casino sports wagering gross revenue, as well as, 2.5% of Internet gaming gross revenue. For the month of July 2018, the Racetrack Economic Development Tax of 1.25% of racetrack sports wagering gross revenue was $27,672.
FOOTNOTES:
- Total Gaming Revenue consists of Casino Win, Internet Gaming Win and Sports Wagering Gross Revenue. Specific launch date information is located on the statistical comparison pages and sports wagering statistical information page of this press release.
Additional Information:
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