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Comprehension checkNew Jersey Gambling Revenue Is up 15 Percent From Last Year in May
An announcement was made yesterday by The New Jersey Division of Gaming Enforcement. The total gambling revenue in May 2022 has been revealed. The casinos, horse tracks that offer sports betting, and the online gambling websites and bookmakers located in The Garden State have received $430.6m from gamblers. The number went up 15% in comparison to May 2021.
For year-to-date, the total gaming revenue reported by casinos, racetracks, and their partners was $2.03bn, which is an 18.1 percent increase from the $1.72bn reported in the prior timeframe.
In May, the reported income of online casinos and their partners was $136m. This indicates a growth of 25.7 percent in comparison to $108.2m for the prior period. For the year-to-date period, the income of land-based casinos, bookmakers, and online casinos was $681.4m, which is a growth of 29.3 percent compared to $527.2m for the prior year-to-date period.
The total casino revenue for the 9 casino hotel resorts in Atlantic City was $233m in May 2022. The numbers are 9.3 percent higher than $213.1m in May 2021. The year-to-date total casino income for the 9 casino hotel resorts was $1.08bn. This amount is 20.7 percent more than $895.9m in the last time frame.
The top 3 casino revenue belonged to Borgata, Hard Rock, and Ocean casinos. The Borgata casino led the market at $63.3m, which is over 30 percent higher than in the previous year. The Hard Rock casino was second with $41.5m, nearly 19 percent higher. The Ocean casino came up third at $25.3m, almost 3 percent more than last year.
