The latest monthly revenue report from the New Jersey Division of Gaming Enforcement has revealed that combined gambling revenues for the month of November came to $482.4 million.
The latest figures represent a drop of just under 1% on the previous month’s total of $487.1 million and a 9.4% increase on the total reported in November 2022.
Casino win
Land-based casinos in New Jersey reported revenues of $214.9 million, up by 0.2% year-on-year and down 5.78% compared to the month of October’s total of $228.1 million.
For the month of November, three of the state’s nine casinos reported increases in casino win year-on-year.
- Ocean Casino – $31.4 million – up 1.4%
- Hard Rock – $41.4 million – up 16.7%
- Bally’s – $12.08 million – up 20.4%
The six casinos that reported a decrease in revenues are:
- Borgata – $51.6 million – down 6.1%
- Caesars – $17.5 million – down 7.7%
- Harrah’s – $19.4 million – down 7.6%
- Tropicana – $17.8 million – down 6.8%
- Resorts – $12.4 million – down 0.2%
- Golden Nugget – $11 million – down 2.8%
This brings the year-to-date casino win total to $2.62 billion, an increase of 1.8% compared to the $2.57 billion reported in the corresponding period in 2022.
Internet gaming
The month of September saw New Jersey’s iGaming operators report $171.6 million in combined revenues. This was an increase of 2.8% on the previous month’s total and a 17.4% increase on the $146.2 million reported in November 2022. This brings the year to date total to $1.74 billion, an increase of 15.4% when compared to the same period in 2022.
Sports betting
New Jersey sports betting operators reported accepting $1.62 billion in wagers throughout the month of November breaking the previous monthly record of $1.34 billion set in January 2022.
Of that figure, $1.56 billion of the month’s sports wagers were placed through online sportsbooks with the retail sector taking in $55.2 million. The year-to-date total sports betting handle in New Jersey now stands at over $10.6 billion.
Sports betting revenue came to $95.8 million marking a 19.2% increase year-on-year. This brings the year-to-date revenue total to $897.1 million, a 32.8% increase on the same period in 2022.
Year-to-Date Sports Handle, Revenues & Taxes in New Jersey
| Period | Total Handle | Mobile Handle | Mobile Handle % | Sportsbook Revenue | Win % | State Taxes |
|---|---|---|---|---|---|---|
| Jan 2023 | $1,082,233,033 | $1,016,375,435 | 93.91% | $72,330,439 | 6.68% | $9,441,521 |
| Feb 2023 | $847,405,611 | $801,400,126 | 94.57% | $54,621,220 | 6.45% | $7,125,279 |
| Mar 2023 | $1,025,779,225 | $975,179,869 | 95.07% | $93,039,999 | 9.07% | $11,908,154 |
| Apr 2023 | $833,980,925 | $798,491,542 | 95.74% | $72,304,036 | 8.67% | $9,211,004 |
| May 2023 | $778,854,263 | $741,056,270 | 95.15% | $82,165,404 | 10.55% | $10,465,932 |
| Jun 2023 | $591,081,897 | $558,624,130 | 94.51% | $66,356,838 | 11.23% | $8,380,344 |
| Jul 2023 | $587,019,749 | $561,643,121 | 95.68% | $61,013,433 | 10.39% | $7,702,784 |
| Aug 2023 | $725,849,450 | $697,069,928 | 96.04% | $96,041,019 | 13.23% | $12,345,166 |
| Sep 2023 | $1,299,016,274 | $1,255,482,930 | 96.64% | $111,145,385 | 8.80% | $14,282,181 |
| Oct 2023 | $1,293,468,722 | $1,237,169,067 | 95.64% | $92,258,295 | 7.13% | $11,797,865 |
| Nov 2023 | $1,623,072,184 | $1,567,779,583 | 96.59% | $95,889,050 | 5.91% | $12,309,198 |
| Totals | $10,687,761,333 | $10,210,272,001 | 95.41% | $897,165,118 | 8.92% | $114,969,428 |
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.
