New Jersey gaming rises nearly 10% to $470.9m for May

June 20, 2023
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The Garden State saw its land-based casino win dip, while its iGaming and sports betting sectors continue to thrive.

The New Jersey Division of Gaming Enforcement has posted $470.9m in combined gaming win from its casinos, sports wagers, iGaming and racetracks. This monthly figure has risen 9.4% from May 2022, with year-to-date win also rising 3.7% to $2.3bn.

The most significant figures to decrease were the in-person revenues generated from slot machines and table games, making up the state’s casino win of $227.3m, down 2.4% year-on-year. While slot machine win was down 0.8% to $172.9m, table game win was down 7.3% to 54.4m.

However, year-to-date casino win was still 3.1% higher than it was in 2022, reaching $1.1bn. The Borgata leads New Jersey’s nine casinos with $60.5m in gaming win, though this was a 4.5% decrease year-over-year. The casino that experienced the greatest increase was Ocean Casino, rising 17.3% to a win of $29.8m.

The casino with the highest iGaming win was also the Borgata: $44m (up 3.3% year-on-year), followed closely by Golden Nugget with $43.4m (up 25.6%). Ocean Casino generated win of $3.4m, but its iGaming win rose 55.9% this month. The state’s total iGaming win was $161.4m, representing an overall growth of 18.7%.

The Garden State’s sports betting revenue reached a total of $82.2m, up 33.4% from 2022, with Resorts Digital claiming the highest monthly revenue of $19m, also up a significant percentage of 68.1% year-on-year. Bally’s experienced the biggest fall in sports betting revenue with a 76.7% decrease to $188,117.

New Jersey Casino Investment Alternative Tax obligations represent 1.25% of casino gross revenue and 2.5% of iGaming gross revenue, or $7.3m. Racetrack Economic Development tax came to $596,363.

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