The latest monthly revenue report from the New Jersey Division of Gaming Enforcement has revealed that combined gambling revenues for the month of April came to $462.7 million.
The latest figures represent an increase of 9.5% on the $422.5 million reported in April of 2022 and a drop of almost 5% on the $487 million reported in March 2023.
Casino win
New Jersey Gambling Revenue up by 9.5% Year-on-Year New Jersey Gambling Revenue up by 9.5% Year-on-Year- Golden Nugget – $13.1 million – up 6.6% New Jersey Gambling Revenue up by 9.5% Year-on-Year
The seven casinos that reported a decrease in revenues are:
- Bally’s – $13.7 million – down 4.3%
- Borgata – $58.1 million – down 5.7% New Jersey Gambling Revenue up by 9.5% Year-on-Year
- Resorts – $12.4 million – down 13.1%
- Hard Rock – $38.8 million – down 4.4%
- Harrah’s – $21.8 million – down 5.7%
- Tropicana – $19.5 million – down 13%
Internet gaming
The month of April saw online gambling operators report $158.9 million in revenues, up 16.1% year-on-year. This was also a drop of 4.1% on the $165.7 million reported during the month of March. This brings the year to date total to $620.1 million, an increase of 13.7% when compared to the same period in 2022.
Sports betting
New Jersey sports betting operators reported accepting $833.9 million in wagers during the month of April. This marked a drop of 18.3% when compared to the previous month. Of that figure $798.5 million came through mobile sportsbooks while retail sportsbooks took in $35.4 million in wagers. This brings the year-to-date total sports betting handle to $3.7 billion. Revenues for the month came to $72.3 million marking a 43.6% increase year-on-year.
Ciaran has been working within the Gambling Industry as a deep analyst since 2019. His deep knowledge and understanding of all the gambling regulations, and processes makes him a true asset, and an always valuable point of view for Gambling Industry News, allowing us to cover every topics from a brand new perspective.