New Jersey sports wagering revenue rises 47.1% to $96m in August
The state’s total gaming revenue reached $531.6m, also showing year-on-year growth of 12.9%.
The New Jersey Division of Gaming Enforcement has posted its August revenue for casinos, iGaming, sports wagering, and other authorized gaming, which brought the Garden State a gaming revenue total of $531.6m, up 12.9% year-on-year. The state’s most profitable sector was land-based casino gaming, which generated $280.2m, a rise of 2.3% from August 2022.
Slot machines made up much of the total casino win, generating $210.5m this August, up 3% year-on-year. Table games only rose a slight 0.2%, bringing in $69.7m. The second-largest percentage increase belonged to iGaming, which increased by 18.3% year on year to $155.3m.
Revenue from sports wagering experienced the largest increase of 47.1%, going from less than $70m in August 2022 to $96m this August. Year to date, sports wagering has also seen the highest growth within the state of 42.7%, for a total of $597.9m generated since January.
New Jersey’s nine land-based casinos were led by MGM Resorts’ Borgata Hotel & Casino in terms of individual casino win, as it brought in $73m, up 1.5% from August 2022. The casino that saw the most growth was Hard Rock Hotel & Casino Atlantic City, up 10.7% year-on-year to $50.7m.
The casino that generated the highest sports wagering revenue was Resorts Digital, the online brand of Resorts World Atlantic City, which partners with DraftKings Sportsbook. It brought in 345% more revenue year-on-year, reaching $56.9m. The Borgata, which uses BetMGM Sportsbook, brought in the second-highest sports betting revenue of $4.7m, which was a 32.5% decrease year-on-year.
During August, Hard Rock Bet launched its sportsbook, online casino and rewards program with Hard Rock Atlantic City, and Caesars Palace Online Casino also launched to give the state more iGaming options.
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