New Jersey gambling revenue up again in May
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ased upon filings with the Division of Gaming Enforcement, Total Gaming Revenue for May was $374.2 million compared to $95.9 million in May 2020, reflecting a 290.4% increase.
Internet Gaming Win was $108.2 million in May compared to $85.9 million in the prior period, reflecting an increase of 25.9%. Sports Wagering Gross Revenue was $52.9 million for the month. Casino Win for May was $213.1 million.
For the first five months, the Industry’s Total Gaming Revenue was $1.72 billion compared to $929.7 million, reflecting an increase of 85.0%. Internet Gaming Win increased 56.1% to $527.2 million when compared to the prior period. Sports Wagering Gross Revenue was $297.1 million. Casino Win for the period was $895.9 million.
Gaming taxes
For the month of May 2021, total gaming taxes were $37.9 million. Total gaming taxes reflect 8% of taxable casino gross revenue, 15% of Internet gaming gross revenue, 8.5% tax on casino and racetrack sports wagering gross revenue and 13% tax on casino and racetrack sports wagering Internet gross revenue. In addition, the casino industry incurred $5.6 million in 1.25% Additional Tax on sports wagering gross revenue and Investment Alternative Tax Obligations (which reflects 1.25% of casino gross revenue and 2.5% of Internet gaming gross revenue). For the month of May 2021, the Racetrack Economic Development Tax of 1.25% of racetrack sports wagering gross revenue was $462,510.
