New Jersey gaming revenue reaches $457m in June
New Jersey’s gaming revenue reported by casinos, racetracks and their partners rose 14 per cent from June 2022.
US.- New Jersey’s gaming revenue reported by casinos, racetracks and their partners was $457m in June, up nearly 14 per cent from June 2022. In May 2023, revenue was $470.9m. The casino win for the nine casino hotel properties was $241m, narrowly surpassing pre-pandemic levels.
WIth online win included, Borgata recorded nearly $105m in June, up 5.3 per cent from a year earlier. Golden Nugget won $53.7m, up 11 per cent; Hard Rock $51.2m, down 1.7 per cent; Ocean nearly $40m, up nearly 24 per cent; Tropicana $29.5m, down 6.7 per cent; Caesars $21.6m, up 10 per cent; Harrah’s nearly $21m, up 3.4 per cent; Bally’s won $19.4m, up 10 per cent; and Resorts $15.3m, up nearly 11 per cent. Resorts Digital, the casino’s online arm, won $61m, up nearly 87 per cent.
In terms of money won from in-person gamblers, Borgata won $60.5m, up 11.6 per cent from a year earlier; Hard Rock $43.3m, down 2.8 per cent; Ocean $34.9m, up 17.6 per cent; Caesars $21.4m, up 11.4 per cent; Tropicana just over $21m, down 2 per cent; Harrah’s won $21m, up 3.8 per cent; Resorts $15.2m, up nearly 11 per cent; Bally’s $12.4m, down 8.2 per cent; and Golden Nugget $11.8m, down 6 per cent.
Online gambling brought in nearly $150m in June, up 12.1 per cent. Caesars Interactive Entertainment NJ, an internet-only entity, won over $9m, down 3.6 per cent. In terms of sports betting, more than $591m worth of bets were made in New Jersey in June. Sports wagering gross revenue was $66.3m.
Online gambling extended for five more years in New Jersey
Regulated online gambling in New Jersey has been extended by five years to November 2028 after governor Phil Murphy signed a legislative amendment passed by the state Legislature. New Jersey legalised online gambling for ten years in 2013, with the trial period to end in November.
The extension bill aimed to reauthorise online gambling for another ten years. This was cut to just two years, but the latest amendment made by the Assembly Budget Committee allowed a five-year extension.
