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
Land-based casinos in NJ reported revenues of $231.5 million, a slight 1.2% increase on the $228.6 million reported in the previous month and a 1.6% increase on the same reporting period in 2022.
For the month of April, only two of the city’s nine casinos reported increases in casino win year-on-year.
- Golden Nugget – $13.1 million – up 6.6%
- Ocean Casino – $34.2 million – up 30.3%
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%
- Caesars – $19.6 million – down 2.7%
- 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%
This brings the year-to-date total to $886.7 million, an increase of 4.6% compared to the $847.9 million reported in the first four months of 2022.
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.
