New Jersey’s 2022 gaming revenue reaches all-time high

New Jersey’s 2022 gaming revenue reaches all-time high

New Jersey’s casinos, horse tracks and online operations saw revenue of $5.2bn in 2022. 

US.- The New Jersey Division of Gaming Enforcement has reported on the state’s gaming revenue for 2022. The state’s casinos and horse tracks that offer sports betting reported $5.2bn in 2022, up 10 per cent compared to 2021’s total of $4.74bn.

The casino win for the nine Atlantic City casino hotel properties was $2.79bn, reflecting growth of 9 per cent compared to $2.55bn for the prior period. The online gaming win was $166bn, up 21.6 per cent. Sports wagering gross revenue was $763m, down 6.5 per cent from $815.8m in 2021.

The market-leading Borgata Hotel Casino & Spa won $1.3bn in gambling revenue, including in person gambling, internet gambling and sports betting revenue, up 18.2 per cent. Golden Nugget won $581m, up 10.2 per cent; Hard Rock Hotel & Casino Atlantic City won $576m, up 12.7 per cent; Ocean Casino Resort won $389m, up 13.6 per cent; Tropicana won $365m, up 2.9 per cent, and Bally’s won $198m, up 37.3 per cent.

Harrah’s Resort Atlantic City won $258m, down 3.4 per cent; Caesars won $239m, down 1 per cent, and Resorts Casino Hotel won $168m, down 0.3 per cent.

The casinos, sports books and internet gambling operations paid more than $526m in taxes in 2022, nearly half of that coming from a 15 per cent tax on online gambling revenue.

Gaming figures for December

In December, gambling revenue was $454m, up 12.5 per cent from December 2021. In-person casino winnings were $215m, up 1.8 per cent from a year earlier, while Internet gaming win was $151.5m, reflecting growth of 13.7 per cent.