New Jersey monthly gaming revenue continues to decline
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Gambling revenue in New Jersey increased 9.4% year-on-year in November, however monthly revenue continues to decline in H2 2023.
Total gaming revenue reported by New Jersey’s casinos, racetracks and their partners was $482.4m (€442m/£380m) for November 2023. The figures were published by the New Jersey Division of Gaming Enforcement.
While this represented an increase of 9.4%, or $41.4m year-on-year, revenue was down $4.7m when compared to October 2023’s $487.1m.
This trend has continued to highlight a continuing decline in monthly revenue as the year continues, with October’s figures 6.6% behind $521.5m in September this year.
Casino win for the nine casino hotel properties was $214.9m, reflecting an increase of 0.2% when compared to $214.5m reported in November 2022. That uptick came about thanks to a 2.7% increase in slot machine play, despite a 6.5% drop in table games revenue.
MGM Resorts’ Borgata remained the most lucrative property in the state, bringing in casino win of $51.7m. This however was down 6.1% compared to November 2022. Bally’s saw the largest year-on-year growth, with casino win up more than 20%.
Golden Nugget leads internet gaming in New Jersey
For the month of November 2023, internet gaming win reported by casinos and their partners was $171.6m, reflecting growth of 17.4% when compared to $146.2m November 2022.
For the year-to-date period in New Jersey, Internet Gaming Win reported by casinos and their partners was $1.74bn, reflecting growth of 15.4% when compared to $1.51bn for the prior year-to-date period.
Golden Nugget had the largest internet gaming win during November, totalling $50.1m. This was up 32.9% year-on-year.
Sports wagering gross revenue
Sports wagering gross revenue reported by casinos, racetracks and their partners was $95.9m. This reflected a 19.2% increase when compared to $80.4m reported in November 2022.
Resorts Digital, which incorporates DraftKings and Fox Bet, reported the greatest sports wagering gross revenue during the month. This totalled $19.2m and was up 15.9% year-on-year.
Total sports wagering handle stood at $1.6bn during November, which was up 45% compared to $1.1bn in the same month last year.
Online gaming boosts New Jersey’s year-to-date growth
For the year to date, total gaming revenue reported by casinos, racetracks and their partners was $5.3bn. This reflects a 10.5% increase from $4.8bn reported in the prior year-to-date period.
Year-to-date casino win for the nine casino hotel properties was $2.6bn, which is up 1.8% compared to 2022. During the same 11-month period, internet gaming win reported by casinos and their partners was up 15.4% to $1.7bn.
Sports wagering gross revenue reported by casinos, racetracks, and their partners was $897.2m for the year-to-date period, reflecting a 32.9% increase when compared to $675.3m reported in the prior year-to-date period. Total sports wagering handle of $10.7bn is up 8.0%.
