Atlantic City Casinos See Record Revenue Drop in November

According to  the New Jersey Division of Gaming Enforcement, casino winnings were only $176.6 million compared to $244.9 million in November of last year. This was the largest single-month decline for New Jersey casinos to date.

“The real issue remains the lost visitation by people who were severely impacted by the storm,” said RBC Capital Markets analyst John Kempf in a report. “It is our opinion that it will take a number of months for volumes to return to normalized levels.”

The casinos were forced to close for six days due to the storm.