Online Casino Revenue Record Softens Decline For October In NJ
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Online casino gaming revenue in New Jersey reached $147.2 million in October. The figure is 8.8% higher than the previous record of $140.7 million established in March. Total casino revenue outside of sports wagering was $367. 8 million for October, a 5% decline from September. Atlantic City-based casino revenues fell off sharply to $220.6 million.
Resorts and Golden Nugget posted monthly revenue records for October. Borgata surpassed $400 million in online casino revenue for the year. Bally's set an all-time revenue record of $4.7 million. Online poker rake was $2.2 million for a seventh consecutive month. Year-to-date rake of close to $23.1 million is 9. 1% lower compared to the same span last year, but still higher than in the first 10 months of 2021.
Borgata led all casinos in total revenue with $62.5 million for October. Bally's took the biggest monthly hit, plunging 31.9% to $10.8 million. Golden Nugget, Resorts, and Tropicana all had month-over-month declines of worse than 20%. Ocean Casino Resort was the only venue that avoided a double-digit decline in percentage. Table games revenue totaled close to $54.4 million in October, a year- over-year decline of 6.6% and 16.7% lower than September’s $65.3 million, while slot revenue was 7. 3% down and 10. 8% off September's total of $186. 5 million
