New 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.
