![]() Trouble started when casinos began opening up just across the border in Pennsylvania, drawing away some of the regulars who kept New Jersey’s betting parlors afloat. Last year, the casinos earned just $2.74 billion, the lowest take since 1988. So far it has produced less than $122 million in revenue this year.Ītlantic City’s gaming industry has been in a free-fall for nearly a decade, with casino earnings dropping steadily since peaking in 2006 at $5.2 billion. ![]() But online betting was once thought to be a billion-dollar cash machine. Internet gambling, which become legal in late 2013, continued to be a small saving grace, with online revenue up nearly 36 percent in October and nearly 18 percent so far this year. Revenue fell by 17.7 percent at Trump Taj Mahal, 5.5 percent at Bally’s and 5.0 percent at Caesars. Gaming revenue is up this year at five of the casinos: Golden Nugget by 29 percent Resorts by 17.6 percent Borgata by 8.2 percent Harrah’s by 4.3 percent and Tropicana by 4.7 percent.
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