The latest monthly revenue report from the New Jersey Division of Gaming Enforcement has revealed that combined gambling revenues for the month of May came to $471 million.
The latest figures represent an increase of 9.4% on the same period in 2022 and an increase of 1.8% on the $462.7 million reported in April 2023.
Casino win
Land-based casinos in New Jersey reported revenues of $227.3 million, a drop of 2.4% year-on-year and 1.8% against the $231.5 million reported in the previous month.
For the month of May, only one of the city’s nine casinos reported increases in casino win year-on-year.
- Ocean Casino – $29.8 million – up 17%
The eight casinos that reported a decrease in revenues are:
- Bally’s – $13.2 million – down 4%
- Borgata – $60.5 million – down 4.5%
- Golden Nugget – $12.7 million – down 1%
- Caesars – $18.3 million – down 10%
- Resorts – $13.4 million – down 5%
- Hard Rock – $38.8 million – down 6.4%
- Harrah’s – $19 million – down 10%
- Tropicana – $21.6 million – down 0.2%
This brings the year-to-date total to $1.1 billion, an increase of 3.1% compared to the $1.08 billion reported in the first five months of 2022.
Internet gaming
The month of May saw online gambling operators report $161.4 million in revenues, up 18.7% year-on-year. This was an increase of 1.6% on the $158.9 million reported during the month of April. This brings the year to date total to $781.5 million, an increase of 14.7% when compared to the same period in 2022.
Sports betting
New Jersey sports betting operators reported accepting $778.9 million in wagers during the month of May. This marked year-on-year increase of 1.6%. Of that figure $741.1 million came through mobile sportsbooks while retail sportsbooks took in $37.8million in wagers. This brings the year-to-date total sports betting handle to $4.47 billion. Revenues for the month came to $82.2 million marking a 33.4% 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.
