The latest monthly revenue report from the New Jersey Division of Gaming Enforcement has revealed that combined gambling revenues for the month of March came to $487 million.
March’s figures represent an increase of 15% on the same reporting period in 2022 and an 18% jump on the $412 million reported in February 2023.
Casino win
Land-based casinos in NJ reported revenues of $228.6 million. This was up from the $215 million reported in February and a 5.6% increase year-on-year.
For the month of March, four of the city’s nine casinos reported increases in casino win year-on-year.
- Borgata – $61.5 million – up 11.9%
- Ocean Casino – $34.6 million – up 36.1%
- Harrah’s – $20.6 million – up 3.1%
- Hard Rock – $39.9 million – up 1.7%
The four casinos that reported a decrease in revenues are:
- Bally’s – $10.5 million – down 21.7%
- Caesars – $17.1 million – down 7.2%
- Resorts – $12.6 million – down 2.6%
- Golden Nugget – $12.2 million – down 2.8%
Tropicana posted revenues of $19.3 million reflecting a minor drop of less than 0.01% year on year.
This brings the year-to-date total to $655.3 million, an increase of 7% compared to the $612.7 million reported in the first three months of 2022.
Internet gaming
The month of March saw online gambling operators report $165.7 million in revenues, up 17.8% year-on-year. This was also a 16.2% increase on the $142.6 million reported during the month of February. This brings the year to date total to $461.2 million, an increase of 12.9% when compared to the same period in 2022.
Sports betting
New Jersey sports betting operators reported accepting $1.02 billion in wagers, an increase of 20% from the previous month. Of that figure $975.1 million came through mobile sportsbooks while retail sportsbooks took in $50.5 million in wagers. This brings the year-to-date total sports betting handle to $2.9 billion. Revenues for the month came to $93 million marking a 40.1% 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.
