The latest monthly revenue report from the New Jersey Division of Gaming Enforcement has revealed that combined gambling revenues for the month of October came to $487.1 million.
The latest figures represent a drop of 6.6% on the previous month’s total of $531.6 million and a 9.3% increase on the total reported in October 2022.
Casino win
Land-based casinos in New Jersey reported revenues of $228.1 million, up by 3.4% year-on-year and down 7.5% compared to the month of September’s total of $246.6 million.
For the month of October, five of the state’s nine casinos reported increases in casino win year-on-year.
- Ocean Casino – $43.3 million – up 53.3%
- Hard Rock – $41.2 million – up 5.8%
- Bally’s – $12.4 million – up 14.9 %
- Resorts – $13.2 million – up 3%
- Golden Nugget – $12.2 million – up 1.6%
The four casinos that reported a decrease in revenues are:
- Borgata – $56.8 million – down 8.9%
- Caesars – $14.3 million – down 18%
- Harrah’s – $17.8 million – down 11.9%
- Tropicana – $16.4 million – down 5.6%
This brings the year-to-date casino win total to $2.4 billion, an increase of 1.9% compared to the $2.36 billion reported in the corresponding period in 2022.
Internet gaming
The month of September saw New Jersey’s iGaming operators report $166.8 million in combined revenues. This was an increase of 1.8% on the previous month’s total and a 13.3% increase on the $147.2 million reported in October 2022. This brings the year to date total to $1.57 billion, an increase of 15.1% when compared to the same period in 2022.
Sports betting
New Jersey sports betting operators reported accepting $1.293 billion in wagers throughout the month of October. This was a marginal decrease of less than 0.5% compared to the previous month. Of that figure, $1.23 billion of the month’s sports wagers were placed through online sportsbooks with the retail sector taking in $56.2 million. The year-to-date total sports betting handle in New Jersey now stands at over $9 billion.
Sports betting revenue came to $92.3 million marking a 18.4% increase year-on-year. This brings the year-to-date revenue total to $801.2 million, a 34.7% 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 |
| Totals | $9,064,689,149 | $8,642,492,418 | 95.30% | $801,276,068 | 9.22% | $102,660,230 |
An experienced iGaming commentator and analyst based in New York City - Jenny reports on regulation and gambling industry news and events.