New Jersey takes the crown in 2023 revenue race with Pennsylvania

January 19, 2024
By
Leer en Español

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.

State-by-State

Product Spotlight

Konami

Things get unruly in the company of some fleecy characters in the new Konami Gaming’s new Unwooly Riches slot series.
GA HUDDLE #087

John Connelly - Interblock preparing to launch online by the end of year

John Connelly, the Global CEO of Interblock, joins the Huddle to talk about:
- The company's conversion to the online space
- The performance of ETGs
- Interblock's new philanthropic efforts
- The trend of companies going private
- And more!
GA HUDDLE #086

Michael Hershman - Dispelling casino 'myths:' New York needs to lose fear of the unknown

Michael Hershman, CEO of the Soloviev Group, joins Tim Poole on the Huddle to put forward his case that the Freedom Plaza is the way to go for one of New York's casino licences. He fields a variety of questions - not shying away from any of them - on why 'myths' about casinos and a fear of the unknown should be dispelled, as well as acknowledging the strength of rival bids and discussing opposition to the project.

Five years ago, before the mass proliferation of social media we see today – and even before the Covid-19 pandemic – I think you would be hard pressed to find a CEO talking about “Instagrammable moments.” KPIs w...

gga
The Global Gaming Awards: Looking ahead to 2024's ceremonies.
After more than a decade of celebrating gaming's best, Gaming America looks ahead to a bright 2024 for the Global Gaming Awards in the Americas and Asia-Pacific.
GA
From the top: The Indian Gaming Tradeshow & Convention
Tribal gaming is a uniquely American institution and all its uncommon attributes were on display this April at the Indian Gaming Tradeshow & Convention in Anaheim, California.
terre
Review: Terre Haute Casino Resort and Harrah's Hoosier Park Racing & Casino
Terre Haute Casino Resort vs. Harrah's Hoosier Park Racing & Casino, Gaming America's Laura Mack reviews each property.
andrew
Eureka Casino interview: CEO Andre Carrier on resort expansion
We spoke with returning guest, CEO Andre Carrier, about Eureka Casino Resort's expansion. He aims to not only change the look and feel of the casino, but to also build residential housing around it.