NJ Gambling Operators Report Huge Revenue Increases

by Olivia Richardson - Tuesday, August 17th, 2021 10:17

casino slot machines

The latest monthly revenue report from the New Jersey Division of Gaming Enforcement shows that the state’s licensed gambling operators including casinos, sports betting providers, and the horse tracks won over $450 million over the course of the month. This was an increase of over 70% on the same period last year while all nine casinos reported significant revenue increases from June 2021.

July’s revenue report goes on to reveal that internet gambling providers won a record $118.6 million for the month of July. The previous record was set in March of this year when iGaming operators won $113.7 million.

July’s combined revenue from all gambling operators saw the state collect $44.2 million in taxes.

Speaking of the latest figures James Plousis, chairman of the New Jersey Casino Control Commission said:

“The casinos’ recent positive momentum demonstrates Atlantic City’s resilience and should bolster confidence in the recovery of New Jersey’s tourism and gaming sector,”

Plousis also noted that July 2021’s revenue was 28% higher than the same period in 2019 when casinos were working at full capacity.

All nine of the state’s casinos increased their revenue in July with Hard Rock Atlantic leading the pack. The casino increased its winnings by almost 79% to an impressive $55.5 million. Golden Nugget posted a similar increase of 77% to $15.5 million while the Borgata was up by 75% to $106.5 million. The Tropicana increased its revenue by 63% to just over $36.7 million.

Resorts Casino enjoyed a 57% increase to $18.8 million, Harrah’s jumped by 38% to $29.3 million, and Caesars’ revenue increased by 31% to $26.3 million. The Ocean Casino saw an increase of 27% to $33.4 million in revenue while the lowest increase was made by Bally’s whose 10% increase saw revenues for the month top $16.1 million.

July saw New Jersey gamblers place $578.7 million in sports wagers bringing the year-to-date sports betting handle to $5.5 billion. Resorts Digital leads the sports betting market once again generating $10.5 million in revenue over $4 million more than its closet competitor Borgata. Basketball remains the most popular sport in New Jersey sportsbooks with the latest figures bringing the year-to-date handle for the sport to $1.7 billion.

Olivia Richardson

Olivia has worked as an editor and writer for major brands across multiple niches. She now focuses on the iGaming and sports betting industries.