Division of Gaming Announces October 2018 Total Gaming Revenue Results
Based upon filings with the Division of Gaming Enforcement, Total Gaming Revenue for October was $239.1 million compared to $206.4 million in October 2017, reflecting a 15.8% increase.
Casino Win for October was $200.6 million increasing 8.0% from the same month last year.
Internet Gaming Win was $26.8 million in October compared to $20.6 million in the prior period, reflecting an increase of 30.1%. Sports Wagering Gross Revenue was $11.7 million for the month.
For the year-to-date, the Industry’s Total Gaming Revenue was $2.387 billion for 2018 compared to $2.246 billion in 2017, reflecting an increase of 6.3%. Casino Win was $2.093 billion reflecting a 2.5% increase over the prior period. Internet Gaming Win increased 18.9% to $242.7 million for 2018.
Sports Wagering Gross Revenue was $52.0 million since inception on June 14, 2018.
For the month of October 2018, total gaming taxes were $19.8 million.
Total gaming taxes reflect 8% of taxable casino gross revenue, 15% of Internet gaming gross revenue, 8.5% tax on casino and racetrack sports wagering gross revenue and 13% tax on casino and racetrack sports wagering Internet gross revenue.
In addition, the casino industry incurred $3.3 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 October 2018, the Racetrack Economic Development Tax of 1.25% of racetrack sports wagering gross revenue was $59,478.
- 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.