The latest monthly revenue report from the New Jersey Division of Gaming Enforcement has revealed that combined gambling revenues for the month of June came to $457.2 million.
The latest figures represent an increase of 13.9% on the same period in 2022 and a decrease of 2.9% on the $471 million reported in May 2023.
Casino win
Land-based casinos in New Jersey reported revenues of $241.6 million, an increase of 5.4% year-on-year and 6.3% against the $227.3 million reported in the previous month.
For the month of June, five of the city’s nine casinos reported increases in casino win year-on-year.
- Ocean Casino – $34.8 million – up 17.6%
- Harrah’s – $20.9 million – up 3.8%
- Caesars – $21.4 million – up 11.4%
- Resorts – $15.2 million – up 10.9%
- Borgata – $60.5 million – up 11.6%
The four casinos that reported a decrease in revenues are:
- Bally’s – $12.4 million – down 8.2%
- Golden Nugget – $11.8 million – down 6%
- Hard Rock – $43.2 million – down 2.8%
- Tropicana – $21 million – down 1.9%
This brings the year-to-date total to $1.36 billion, an increase of 3.5% compared to the $1.31 billion reported in the first six months of 2022.
Internet gaming
The month of June saw online gambling operators report $149.3 million in revenues, up 12.1% year-on-year. This was a drop of 7.5% on the $161.4 million reported during the month of May. This brings the year to date total to $930.8 million, an increase of 14.3% when compared to the same period in 2022.
Sports betting
New Jersey sports betting operators reported accepting $591 million in wagers during the month of June. This marked decrease of 24% when compared to the previous month. Of that figure $558.6 million came through mobile sportsbooks while retail sportsbooks took in $32.4 million in wagers. This brings the year-to-date total sports betting handle to $5.1 billion. Revenues for the month came to $66.4 million marking a 69.1% 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.
