Atlantic City Casinos Generate $467 Million in Gross Gaming Tax Revenue in 2023
Atlantic City, New Jersey – The bustling resort town of Atlantic City is once again proving to be a major player in the gaming industry as it has generated a whopping $467 million in gross gaming tax revenue for the year 2023. This marks a significant increase from the previous year and solidifies Atlantic City’s status as a key destination for gamblers from around the world.
The impressive figures were released by the New Jersey Division of Gaming Enforcement, highlighting the contribution of Atlantic City’s nine casinos to the state’s economy. The casinos, which include well-known establishments such as Borgata, Tropicana, and Caesars, have been able to draw in a record number of visitors, both domestically and internationally, thanks to a combination of unique attractions, top-notch entertainment, and world-class gaming facilities.
The increase in gross gaming tax revenue can be attributed to a number of factors, including a rebound in tourism following the easing of COVID-19 restrictions, as well as the introduction of new and innovative gaming offerings. Atlantic City has also been investing heavily in infrastructure improvements, such as new hotels, restaurants, and entertainment venues, which have helped to attract a diverse range of visitors looking for a fun and exciting getaway.
“We are thrilled to see such a significant increase in gross gaming tax revenue for Atlantic City in 2023,” said James Johnson, CEO of the Atlantic City Tourism Authority. “Our casinos have worked tirelessly to provide a world-class gaming experience, and it’s paying off in a big way. We are confident that Atlantic City will continue to grow and thrive as a top gaming destination.”
The success of Atlantic City’s casinos has also had a positive impact on the local economy, creating thousands of jobs and generating millions of dollars in revenue for the city and state. In addition, the increased tax revenue will go towards funding important programs and services that benefit the residents of Atlantic City and New Jersey as a whole.
As the gaming industry continues to evolve and expand, Atlantic City is well-positioned to remain a key player in the market. With its unique blend of entertainment, luxury accommodations, and top-rated gaming facilities, the city is sure to attract even more visitors in the years to come. The $467 million in gross gaming tax revenue for 2023 is just the beginning of what promises to be a bright future for Atlantic City’s thriving casino industry.
