The latest monthly revenue report from the New Jersey Division of Gaming Enforcement has revealed that combined gambling revenues for the month of August came to $531.6 million.
New Jersey Gambling Revenues up by 12.9% in August of $506.2 million and a 12.9% increase on the total reported in August 2022.Casino win
New Jersey Gambling Revenues up by 12.9% in August New Jersey Gambling Revenues up by 12.9% in August- Borgata – $73 million – up 1.5%
- Caesars – $22 million – up 1.6%
- Golden Nugget – $13.1 million – up 1.6% New Jersey Gambling Revenues up by 12.9% in August
- Hard Rock – $50.7 million – up 10.7%
The four casinos that reported a decrease in revenues are:
- Harrah’s – $24.5 million – down 1.8%
- Bally’s – $15 million – down 4.6%
- Resorts – $17.6 million – down 4.6%
- Tropicana – $24.7 million – down 4.4%
Internet gaming
The month of August saw New Jersey’s online casino operators report $155.3 million in combined revenues. This was a marginal increase on the previous month’s total but an 18.1% increase on the $131.4 million reported in August 2022. This brings the year to date total to $1.24 billion, an increase of 14.6% when compared to the same period in 2022.
Sports betting
New Jersey sports betting operators reported accepting $725.8 million in wagers throughout the month of August. This was a significant increase of 23.6% on the $587 million reported during July. Of that figure, $697 million of August’s sports wagers were placed through online sportsbooks with the retail sector taking in 28.7 million.
New Jersey Gambling Revenues up by 12.9% in August, FY23 alone saw New Jersey sports fans wager $369.9 million on the sport.The year-to-date total sports betting handle in New Jersey now stands at $6.4 billion. Revenues for the month came to $96 million marking a 47.1% increase year-on-year and 57.3% compared to the previous month.
An experienced iGaming commentator and analyst based in New York City - Jenny reports on regulation and gambling industry news and events.