Conor Porter is an iGaming and gambling industry journalist covering global casino and sports betting markets. His reporting focuses on industry news, regulation and commercial developments shaping the sector.
Read Full BioNew Jersey gaming operators achieved a year-over-year increase in June revenue, with casino income in the Garden State bouncing back following a dip in May.
According to data from the New Jersey Division of Gaming Enforcement, New Jersey operators recorded a total gaming revenue figure of $457.2m in June, a 13.9 per cent improvement YoY (June 2022: $401.5m), but down compared to May’s $470.9m.
Per vertical, casino operations contributed $241.6m towards the month’s total revenue, followed by igaming with $149.3m and sports wagering with $66.4m.
Casino gaming’s revenue of $241.6m from the state’s nine casino hotel properties is up 5.4 per cent YoY (2022: $229.1m) and compared to May’s $227.3m.
Per game type, slot machines earned June revenues of $182.98m, a 7 per cent improvement YoY (2022: $171.07m), while table games achieved an income of $58.6m, a slight increase compared to the previous year (2022: $58.1m).
Vici Properties-owned and MGM Resorts-operated Borgata reported the most casino revenue during the month with $60.5m, up 11.6 per cent YoY (2022: $54.3m).
Borgata was followed by Hard Rock with $43.3m, down 2.8 per cent (2022: $44.6m), and Ocean Casino rounded off the top three with $34.88m with the biggest increase for any casino during the month at 17.6 per cent (2022: $29.67m).
Alongside Hard Rock, three other casinos – Bally’s, Golden Nugget and Tropicana – saw losses of 8.2 per cent, 6 per cent and 1.9 per cent respectively in June compared to the previous year.
New Jersey’s June igaming revenue of $149.3m is 12.1 per cent higher YoY (2022: $133.1m), but down compared to May’s $161.4m.
Leading the way in igaming income was Golden Nugget with $41.8m, up 17 per cent compared to the previous year (2022: $35.7m).
Golden Nugget was followed by Borgata with $39.4m, a 2.8 per cent decrease YoY (2022: $40.5m), and Resorts Digital completed the top three for the month with $35.6m, a 26.8 per cent increase (2022: $28.1m).
However, no other igaming operator earned June revenue of more than $10m, with Caesars Interactive NJ coming the closest with $9.03m, down 3.6 per cent YoY (2022: $9.38m).
Ocean Casino did witness a significant increase in igaming revenue YoY, rising by 106.1 per cent to $4.85m (2022: $2.35m). Hard Rock igaming income fell the most out of all operators compared to the previous year, dropping by 8.1 per cent to $5.5m (2022: $6m).
Sports betting revenue in New Jersey in June rose by 69.1 per cent YoY to $66.4m (2022: $39.2m), but this figure was down compared to May’s $82.2m. The month’s handle was $591.1m, of which $558.6m was from online operations.
Meadowlands/FanDuel/PointsBet was the state’s top sportsbook in terms of revenue with $27.5m, a 28.2 per cent increase YoY (2022: $21.4m), followed by Resorts Digital/DraftKings/FoxBet with $25.3m, up 449.8 per cent (2022: $4.6m).
For June, New Jersey gaming operations paid $45.87m to the state in taxes.
