New Jersey Division of Gaming Enforcement announces September revenue
The Garden State reported total gaming revenue of $485m – a 6.9% annual increase.
New Jersey’s Division of Gaming Enforcement has announced its September 2022 gaming revenue results. A total gaming revenue of $485m was reported by the state – a 6.9% annual increase. This figure is an amalgam of income generated from the casinos, racetracks and their partners.
Total year-to-date revenue for the nine casinos is $2.1bn, which reflects a 12.5% annual growth compared to the $1.9bn accumulated from its 2021 results.
September’s total casino win for its nine retail casinos came in at $251.7m, representing a 1.3% annual growth from the $248.5m reported in the same prior year period.
August’s 2022’s combined casino gaming revenue totaled $274m, so there was a monthly decline. However, retail gaming – as opposed to sports betting – is typically better during the summer.
As New Jersey Casino Control Commission Chairman James Plousis said: “It has been a great summer for Atlantic City and the region. The recent efforts to create impressive in-person experiences will continue to provide positive momentum going into the fall. Although September’s results are a decline from the previous month, the positive year-on-year growth is evidence of this positive momentum.”
Meanwhile, the casino’s internet gaming revenue for September was $135.2m, which shows a 10.3% growth year-on-year, while its year-to-date showing was $1.2bn – a 23.2% annual rise. Sports wagering in September was also a source of encouragement for the Garden State.
Sports wagering gross revenue was reported at $98m for the month, which reflects an 18.9% increase when compared to September 2021’s showing of $82m. So far this year, sports wagering has generated $516.9m, compared to $557.8m in the same prior year period – a 7.3% decline.
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