Atlantic City casino industry generated $467 million in tax revenue last year

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Atlantic City casino industry generated $467 million in tax revenue last year

Article brief provided by The Press of Atlantic City
  • John O'Connor, The Press of Atlantic City
May 15, 2024 8:42 PM
  • John O'Connor, The Press of Atlantic City

Atlantic City’s casino industry generated $467 million in gross gaming tax revenue in 2023, according to a report by the Lloyd D. Levenson Institute of Gaming, Hospitality and Tourism at Stockton University and the Casino Association of New Jersey.

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The report indicates the total was a 12% increase over the industry’s last peak in gross gaming tax revenue in 2006, officials said Wednesday.

The industry also employed 22,634 people in the region, making it one of the largest employers in the area and a source of vital tax revenue, with a record $504 million going toward the region’s most vulnerable residents, the report said.

“As one of the largest employers in southern New Jersey, we know that when our properties are successful, so are our employees and the communities we serve,” said Mark Giannantonio, president of the Casino Association.