The latest monthly revenue report from the New Jersey Division of Gaming Enforcement has revealed that combined gambling revenues for the month of December came to $522.2 million.
The latest figures represent an increase of 8.25% on the previous month’s total of $482.4 million and a 14.8% increase on the total reported in December 2022.
2023 Yearly Totals
Total Gaming Revenue reported by casinos, racetracks, and their partners for the calendar year was $5.78 billion marking a 10.9% increase from the $5.21 billion reported in 2022.
- Casino – $2.85 billion up 2.2% (2022- $2.79 billion)
- Internet Gaming – $1.92 billion up 15.7% (2022- $1.66 billion)
- Sports Betting – $1.01 billion up 31.9% (2022 – $763.0 million)
Casino Win
Land-based casinos in New Jersey reported revenues of $232.4 million, up by 7.8% year-on-year and 8.14% compared to the month of November’s total of $214.9 million.
For the month of December, eight of the state’s nine casinos reported increases in casino win year-on-year.
- Ocean Casino – $33.1 million – up 12.4%
- Hard Rock – $44.8 million – up 19.9%
- Bally’s – $11.5 million – up 5.1%
- Caesars – $18.8 million – up 13.2%
- Harrah’s – $20.8 million – up 3.1%
- Tropicana – $20.9 million – up 14.8%
- Resorts – $12.4 million – up 11%
- Golden Nugget – $11 million – up 1.3%
The only NJ casino that reported a decrease in revenues was:
- Borgata – $58.7 million – down 2.9%
This brings the year-to-date casino win total to $2.85 billion.
Internet Gaming
The month of December saw New Jersey’s iGaming operators report $180.3 million in combined revenues. This was an increase of 5% on the previous month’s total and a 24.8% increase on the $87.7 million reported in December 2022. This brings the year to date total to $1.92 billion.
Sports Betting
New Jersey sports betting operators reported accepting $1.28 billion in wagers throughout the month of December.
Of that figure, $1.23 billion of the month’s sports wagers were placed through online sportsbooks with the retail sector taking in $50.4 million. This brings the total amount wagered in 2023 to $11.9 billion, a $1 billion increase on 2022.
Sports betting revenue came to $109.4 million marking a 24.8% increase year-on-year. This brings the 2023 revenue total to just over $1 billion, a 31.2% increase on 2022’s total.
2023 Sports Handle, Revenues & Taxes in New Jersey
| Period | Total Handle | Mobile Handle | Mobile Handle % | Sportsbook Revenue | Win % | State Taxes |
|---|---|---|---|---|---|---|
| Jan 2023 | $1,082,233,033 | $1,016,375,435 | 93.91% | $72,330,439 | 6.68% | $9,441,521 |
| Feb 2023 | $847,405,611 | $801,400,126 | 94.57% | $54,621,220 | 6.45% | $7,125,279 |
| Mar 2023 | $1,025,779,225 | $975,179,869 | 95.07% | $93,039,999 | 9.07% | $11,908,154 |
| Apr 2023 | $833,980,925 | $798,491,542 | 95.74% | $72,304,036 | 8.67% | $9,211,004 |
| May 2023 | $778,854,263 | $741,056,270 | 95.15% | $82,165,404 | 10.55% | $10,465,932 |
| Jun 2023 | $591,081,897 | $558,624,130 | 94.51% | $66,356,838 | 11.23% | $8,380,344 |
| Jul 2023 | $587,019,749 | $561,643,121 | 95.68% | $61,013,433 | 10.39% | $7,702,784 |
| Aug 2023 | $725,849,450 | $697,069,928 | 96.04% | $96,041,019 | 13.23% | $12,345,166 |
| Sep 2023 | $1,299,016,274 | $1,255,482,930 | 96.64% | $111,145,385 | 8.80% | $14,282,181 |
| Oct 2023 | $1,293,468,722 | $1,237,169,067 | 95.64% | $92,258,295 | 7.13% | $11,797,865 |
| Nov 2023 | $1,623,072,184 | $1,567,779,583 | 96.59% | $95,889,050 | 5.91% | $12,309,198 |
| Dec 2023 | $1,284,560,140 | $1,234,081,985 | 96.07% | $109,426,484 | 8.51% | $13,937,753 |
| Totals | $11,972,321,473 | $11,444,353,986 | 95.47% | $1,006,591,602 | 8.89% | $128,907,181 |
An experienced iGaming commentator and analyst based in New York City - Jenny reports on regulation and gambling industry news and events.