New Jersey casinos enjoy monthly revenue uptick in August

New Jersey casinos have witnessed a period of growth during August, with revenues jumping a steady 4.4% year-over-year
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New Jersey casinos have witnessed a period of growth during August, with revenues jumping a steady 4.4% year-over-year. 

As per data published by the New Jersey Division of Gaming Enforcement, the nine casino properties across the Garden State recorded $274m in revenues during August, up 4.4% YoY. This was driven by table game win increases of 8.2%, as revenues reached $69.6m. Meanwhile, slot machine revenue totaled $204.3m, up 3.2% YoY. 

Total gaming revenues across New Jersey casinos, racetracks and their partners reached $470.7m, reflecting a 10.1% increase from the $427.7m made in revenues last year. 

Online gaming provided $131.4m in revenues, up 16.1% YoY, with authorized gaming increases of 16.6% increasing the slight decline on peer-to-peer play revenues. 

Sports betting also contributed $65.3m in revenues during August, up 25.5% YoY from 2021’s figure of $52.0m. However, when looked at year-to-date, sports wagering has seen a decline of 11.9% YoY, with a total of $418.9m trailing August 2021’s figure of $475.3m

From a year-to-date perspective, total casino revenues stood at $1.88bn at the end of August 2022 YTD, up 14.1% YoY. Meanwhile, internet gaming provided $1.08bn, reflecting a 25% increase YoY, from August 2021’s total of $866.1m. 

In total, YTD gaming revenues stood at $3.38bn at the end of August 2022, up 13.2$ from the $2.99bn recorded by the end of August 2021. 

Per casino operator, NJDGE detailed that Borgata led the way in terms of revenue, with $71.9m in August 2022, up 38.2% YoY. Borgata was followed by Hard Rock ($45.8m), Ocean Casino ($25.9m) and Harrah’s ($25.0m) in the top four. 

Borgata also led the way on the internet gaming front, generating $41.8m in August. It was accompanied by Golden Nugget ($31.4m) and Resorts Digital ($30.7m) in the top three online gaming operators.