New Jersey takes the crown in 2023 revenue race with Pennsylvania

Both states experienced a record high, with Pennsylvania bringing in $5.69bn in total gaming revenue compared to New Jersey’s $5.78bn.

Pennsylvania’s numbers for 2023 are in, revealing total gaming revenue of $5.69bn, just shy of New Jersey’s $5.78bn. Both states reported a record high in their total gaming revenue for the whole year.

New Jersey’s total gaming revenue reported by casinos, racetracks and their partners reflected a 10.9% increase from 2022, bringing total revenue to $5.78bn for 2023.

Pennsylvania also reported steady growth of 9.3% from the previous total of $5.21bn in 2022, bringing yearly revenue for 2023 to $5.69bn.

Pennsylvania kicked off the year in the lead, maintaining this position into the middle of the year. By June, New Jersey had taken the lead, giving way to a close battle until the end of the year. 

IGaming increased in both states this year, fuelling a significant portion of total revenue.

Pennsylvania welcomed a huge increase of 28% in iGaming revenue from the previous year, with total revenue reported at $1.74bn for 2023.

However, New Jersey outperformed Pennsylvania in iGaming with revenue reported by casinos and their partners totaling $1.92bn for 2023, reflecting growth of 15.7%.

Sports betting in Pennsylvania saw a 14.31% increase with 2023 revenue reported as $458.61m compared to the $401.2m generated in 2022.

New Jersey significantly exceeded this amount, with total revenue reported by casinos, racetracks and their partners coming in at $1.01bn for 2023, reflecting a 31.9% increase when compared to the $763m reported for the whole of 2022. 

The New Jersey Division of Gaming Enforcement reported full revenue results earlier this week.

Jessica Lynn

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