New Jersey igaming hits records as 2023 gets off to a strong start

MGM Borgata Atlantic City, New Jersey

New Jersey casinos, racetracks and their partners have kick started 2023 in strong fashion via a 14.5 per cent year-on-year January revenue uptick to $436.9m (2021: $381.7m).

After the entire ecosystem smashed the $5bn barrier through the past year, the Garden State’s Division of Gaming Enforcement disclosed that the current year has begun with a record igaming performance.

During the month, online casinos and poker rooms saw revenue grow 10.9 per cent YoY to $152.9m (2021: $137.8), which surpasses the $151.45m performance witnessed through the final month of 2022.

However, despite retaining its place at the top of the region’s online casino mountain, Borgata’s $40.79m, up 4.3 per cent from 2021’s $39.1m, only closed fractionally ahead of the chasing pack.

Golden Nugget recorded an 11.3 per cent jump to close the month at $40.59m (2021: $36.48m), with Resorts Digital fractionally behind with $40.22m, which represents a 21.8 per cent increase from $33m.

According to filings received by the state regulator, total win across the nine casino hotel properties increased 15.3 per cent to $211.67m (2021: $183.64m).

The familiarity continued among the three leading venues with Borgata on top courtesy of a 20.6 per cent rise to $58.37m (2021: $48.39m), ahead of Hard Rock’s $35.91m (2021: $34.73m) and Ocean Casino’s 26.4 per cent rise to $30.52m (2021: $24.14m).

Per casino vertical, slot machines recorded a revenue of $151.81m, a 17.6 per cent downfall year-on-year from $129m, while table games earned $59.85m, up 9.7 per cent from the $54.58m recorded one year earlier.

Elsewhere, the region’s sports wagering handle closed the month at $1.08bn, with online contributing $1.01bn of that figure. The state’s sportsbooks gained $72.33m in September gross revenue, which is up 20.2 per cent YoY from $60.19m.

Looking at the monthly figures a little closer, Meadowlands came out on top with revenue of $47.7m (2021: $38.39m), ahead of Resorts Digital’s $12.68m (2021: $10.16m) and Borgata’s $6.77m (2021: $4.85m).

On the sports wagering front, losses through the month were felt at Bally’s, Caesars, Harrah’s and Resorts.