Gambling Revenue Reportedly Dropping In Connecticut

Gambling News - February 17th, 2010 - Written By Glen

Connecticut is the home some of the largest gambling dens in the United States. Foxwoods Resort Casino as well as Mohegan Sun are both based in Connecticut. With much of the United States gripped by financial duress, it was only a matter of time until these megaliths of casino gambling would suffer.

Now on board with Atlantic City's trend of financial ruin, the two major Connecticut casinos watched as their revenue continued to drop. recent information released by the State shows that Foxwoods had suffered a 2.5 percent drop in revenue, down to $51.6 million, while Mohegan Sun had suffered a meager 1 percent drop to their revenue, bringing their income to $61.8 million dollars.

With Pennsylvania's rapidly growing casino market, Connecticut may continue to suffer with damaged revenue. Pennsylvania has surpassed Atlantic City in slot revenue, and is bound to overtake Atlantic City in table game revenue as well. With Atlantic City dropping in the double digits, Connecticut casino operators are undoubtedly beginning to fret.

Foxwoods and Mohegan Sun, however, are both attempting to break into the Pennsylvania market.

With Pennsylvania becoming the uprising star of casino gambling in the region, Connecticut Casinos may be in permanent dire straits - at least until the economy picks up. For now, Connecticut Online Gambling sites remain the source of stability in the state, as they will not fall to reduced revenue.