New Jersey reports $510.9m in total gaming revenue, but casino wins decrease 6.3%
Year-to-date gaming revenue is reportedly $2.06bn, a 14.4% increase from where it stood at this time in 2023.
The New Jersey Division of Gaming Enforcement has announced the financial results of all gaming in the state for the month of April. Casino wins, internet gaming and sports wagering make up the sectors in which New Jersey currently profits from. The state accounts for the revenue and figures of nine casino properties.
Internet gaming continued to increase as per reports from the casinos, with the revenue reaching $187.9m, an increase from the $158.9m reported in April 2023. For the year-to-date period, Internet Gaming revenue was reported to be $750.7m, reflecting growth of 21.1%.
Total gaming revenue was reported by New Jersey to be at $510.9m, a 10.4% increase from the figure reported in April 2023. This is mainly due to internet gaming seeing its second highest reported revenue total in history, as casino wins decreased year-over-year.
Six of the nine casinos New Jersey took numbers from reported less wins from in-person gamblers than what was reported in April of the prior year. Tropicana, Caesars, Harrah’s, Bally’s and Golden Nugget all saw decreases from in-person casino revenue, leading the state to report a 6.3% decrease from the $231.5m total in April 2023.
Sports wagering continued to grow, however, as the sector reported a gross revenue of $106.2m, an increase of 46.9% year-over-year. Sports wagering gross revenue reported by casinos and racetracks was $434.2m for the year-to-date period, reflecting a 48.6% increase from the previous period.
For year-to-date, total gaming revenue was $2.06bn, a 14.4% increase from the prior year-to-date period.
New Jersey gaming continues to grow as the state reaches new partnerships with online casinos and sportsbooks, having most recently introduced the Fanatics Sportsbook and Casino earlier this month.
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