The latest monthly revenue report from the New Jersey Division of Gaming Enforcement has revealed that combined gambling revenues for the month of September came to $485 million.
The latest figures represent a jump of 6.9% on the $453.6 million reported in September of 2021. This brings the year-to-date total to $3.87 billion, an increase of 12.3% on the $3.44billion reported for the same period in 2021.
Casino win
Land-based casinos reported revenues of $251.7 million for the month, down from the $274 million reported in August. However, this also represented a jump of 1.33% on the $248.5 million reported in September 2021 but still significantly lower than 2019’s pre-pandemic figures. This brings the year-to-date total casino win for the nine casino hotel properties to $2.13 billion, reflecting growth of 12.5% compared to $1.90 billion for 2021.
For the month of September, six of the city’s nine casinos reported increases in casino win year-on-year.
- Borgata – $113.4 million – up over 1.4%
- Hard Rock – $51.2 million – up 5.2%
- Ocean Casino Resort – $33.4 million – up 4.3%
- Bally’s – $20.5 million – up 41.1%
- Caesars – $23.9 million – up 10.5%
- Golden Nugget – $51.2 million – up 5.2%
The three casinos that reported revenue drops are:
- Tropicana – $34.6million – down 0.4%
- Harrah’s – $23.1 million – down 16.9%
- Resorts– $16.9 million – down 4.4%
Online casino games saw operators report $135.2 million in revenues, a jump of 10.3% year-on-year.
Sports betting
New Jersey sports betting revenue increased by 18.9% as sportsbooks reported $98 million in revenue from $866.7 million in wagers. Of that figure $807.7 million came through mobile sportsbooks.
Meadowlands and its online partner FanDuel continues to lead the sports betting market with $42.9 million in revenue. Its nearest competitor, Resorts Digital and its partners DraftKings and Flutter’s Fox Bet generated $22.4 million in revenue while Borgata ranked third with $8.1 million in revenue.
An experienced iGaming commentator and analyst based in New York City - Jenny reports on regulation and gambling industry news and events.