New Jersey Gambling Revenue up by 10.4% Year-on-Year

NJ continues its strong start to the year

by - Friday, March 17th, 2023 10:24

casino gaming revenue
New Jersey Gambling Revenue up by 10.4% Year-on-Year from the New Jersey Division of Gaming Enforcement has revealed that combined gambling revenues for the month of February came to $412 million.

New Jersey Gambling Revenue up by 10.4% Year-on-Year

Casino win

Land-based casinos reported revenues of $215 million. This was up from the $211.6million reported in January and a 1.2% increase year-on-year.

For the month of February, five of the city’s nine casinos reported increases in casino win year-on-year.

    New Jersey Gambling Revenue up by 10.4% Year-on-Year New Jersey Gambling Revenue up by 10.4% Year-on-Year New Jersey Gambling Revenue up by 10.4% Year-on-Year
  • Harrah’s – $21.3 million – up 7.4%
  • Hard Rock – $37.5 million – up 0.8%

The four casinos that reported a decrease in revenues are:

  • Golden Nugget – $11.1 million – down 13.9%
  • Tropicana – $17.2 million – down 0.5%
  • Resorts – $12.6 million – down 5.4%
  • Ocean Casino Resort – $26.2 million – down 2.2%

Internet gaming

The month of February saw online gambling operators report $142.6 million in revenues up 9.7% year-on-year. This was a 6.2% drop on the $152.9 million reported during the month of January.

Sports betting

New Jersey sports betting operators reported accepting $847.4 million in wagers. Of that figure $801.4 million came through mobile sportsbooks while retail sportsbooks took in $46 million in wagers. This brings the year-to-date total sports betting handle to $1.9 billion.

Jenny Tang

An experienced iGaming commentator and analyst based in New York City - Jenny reports on regulation and gambling industry news and events.