For the past several years now, casinos in Atlantic City have been suffering with dipping profits and decreasing revenue from slot machines, and it has been signalled by the several jackpots hit during the course of the past few weeks that the industry will have to deal with below average revenue figures for the month of January as well. One gambling destination that has become quite popular with penny slot gamblers during the past weeks is the Borgata Hotel Casino & Spa. An amount totalling to over $9 million has been paid by the casino to two separate customers as jackpot winnings in just the last couple of weeks, the latest of which was on the last Thursday night.
Thursday’s win amounted to a sum of around $5 million for a gambler who had been playing slots at the Wizard of Oz Ruby Slippers slot. If the jackpots had been paid out in pennies, they would have to be taken back in truck loads by the winners as they would have made out to be almost a billion coins. The owners of the casino appeared to be in high spirits as they played up their property as being very lucky for gamblers.
However, despite all the happiness in the gamblers and the casino owners, the reality remains that it is beyond the capacity of the Atlantic City casinos to keep paying off such huge amounts in jackpots for their penny machines. As the revenues keep declining throughout Atlantic City, giving away prizes worth $9 million is not exactly the ideal way to change the state of affairs. The reason for this shortfall is not just recession, but with the neighbouring states expanding their own gambling facilities, Atlantic City is fast losing out on what was once its own exclusive customer base.