Total gambling taxes in the third quarter rose $11.6 million, or 7.2%, from a year ago with the city’s luxury taxes up 30% and sales tax revenue spiking 20%. The newly released third quarter numbers also reflected increased spending at the city’s casino with net revenue 17.8% above the same three-month period in 2017. Plouis noted that while profits were off, the new casinos have contributed to over 6,300 more people working in the casino industry compared to last year with nearly 5,400 more full-time jobs. The Golden Nugget and Bally’s Atlantic City were the only two casinos with profit increases with jumps of 6.6% and 0.5%, respectively. Borgata Hotel Casino & Spa had the second biggest fall with a 21.7% dip to $63.2 million followed by Resorts Casino at 14.7% down to $9.2 million. Tropicana Atlantic City experienced the biggest third quarter profit drop at 31.1% below the year-earlier period to $31.8 million.
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