The latest monthly revenue report from the New Jersey Division of Gaming Enforcement has revealed that combined gambling revenues for the month of August came to $531.6 million.
The latest figures represent an increase of 5% on the previous month’s total of $506.2 million and a 12.9% increase on the total reported in August 2022.
Casino win
Land-based casinos in New Jersey reported revenues of $280.3 million, up by 2.3% year-on-year but down by 3.34% compared to the month of July.
For the month of August, five of the city’s nine casinos reported increases in casino win year-on-year.
- Borgata – $73 million – up 1.5%
- Caesars – $22 million – up 1.6%
- Golden Nugget – $13.1 million – up 1.6%
- Ocean Casino – $39.5 million – up 8.1%
- Hard Rock – $50.7 million – up 10.7%
The four casinos that reported a decrease in revenues are:
- Harrah’s – $24.5 million – down 1.8%
- Bally’s – $15 million – down 4.6%
- Resorts – $17.6 million – down 4.6%
- Tropicana – $24.7 million – down 4.4%
This brings the year-to-date casino win total to $1.9 billion, an increase of 2.3% compared to the $1.8 billion reported in the corresponding period in 2022.
Internet gaming
The month of August saw New Jersey’s iGaming operators report $155.3 million in combined revenues. This was a marginal increase on the previous month’s total but an 18.1% increase on the $131.4 million reported in August 2022. This brings the year to date total to $1.24 billion, an increase of 14.6% when compared to the same period in 2022.
Sports betting
New Jersey sports betting operators reported accepting $725.8 million in wagers throughout the month of August. This was a significant increase of 23.6% on the $587 million reported during July. Of that figure, $697 million of August’s sports wagers were placed through online sportsbooks with the retail sector taking in 28.7 million.
The increase in wagers can be largely attributed to the start of the NFL season. According to NFL betting statistics, FY23 alone saw New Jersey sports fans wager $369.9 million on the sport.
The year-to-date total sports betting handle in New Jersey now stands at $6.4 billion. Revenues for the month came to $96 million marking a 47.1% increase year-on-year and 57.3% compared to the previous month.
An experienced iGaming commentator and analyst based in New York City - Jenny reports on regulation and gambling industry news and events.