New Jersey October Gambling Revenues Drop Despite Billion-Dollar Month for Sports Betting

Only two casinos reported year-on-year revenue increases

by - Friday, November 18th, 2022 10:50

casino gaming

The New Jersey Division of Gaming Enforcement has released its latest monthly revenue report revealing that combined gambling revenues for the month of October came to $445.7 million.

October’s figures represent a drop of 8.1% on the $485 million reported in the previous month and a marginal decrease of 0.7% on the same period in 2021. This brings the year-to-date total to $4.32 billion, an increase of 10.8% on the $3.89 billion reported for the same period in 2021.

Casino win

Land-based casinos reported revenues of $220.6 million. This was down from the $251.7 million reported in September and a 7.1% drop from the $237.5 million reported in October 2021. This brings the year-to-date total casino win for the nine casino hotel properties to $2.36 billion, reflecting growth of 10.3% compared to the $2.14 billion reported for the same period in 2021.

For the month of October, two of the city’s nine casinos reported increases in casino win year-on-year.

  • Borgata – $62.4 million – up 1.2%
  • Hard Rock – $38.9 million – up 4%

The seven casinos that reported revenue decreases are:

  • Tropicana – $17.3 million – down 18.3%
  • Harrah’s – $20.2 million – down 17.1%
  • Resorts – $12.9 million – down 11.6%
  • Ocean Casino Resort – $28.3 million – down 6.1%
  • Bally’s – $10.8 million – down 13.4%
  • Caesars – $17.5 million – down 17.3%
  • Golden Nugget – $12.1 million – down 15.8%

Internet gaming

The month of October saw online gambling operators report $147.2 million in revenues up 15.9% year-on-year and an increase of 8.9% compared to September’s figures. This brings the year-to-date total to $1.37 billion, up by 22.3% on the same period in 2021.

Sports betting

New Jersey sports betting revenue decreased by 7.4% as sportsbooks reported $77.9 million in revenue from just over $1 billion in wagers. Of that figure $987.6 million came through mobile sportsbooks. This brings the year-to-date total sports betting revenue to $594.8 million, down by 7.3% compared to the same period in 2021.

Jenny Tang

An experienced iGaming commentator and analyst based in New York City - Jenny reports on regulation and gambling industry news and events.

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