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Comprehension checkNew Jersey Gambling Revenue Faced 10.4% Increase in February
The New Jersey Division of Gaming Enforcement has published its latest monthly revenue report and revealed that combined gambling revenues in February 2023 were $412 million. The increase from the same month of the previous year is 10.4%, despite a 5.6% drop compared with $436.8 million in January.
The revenues of the state’s land-based casinos was $215 million, up from the $211.6 million reported in January and showing a 1.2% increase year-on-year. 5 of 9 New Jersey venues reported increases in casino win on yearly basis.
The figures of Borgata, Bally’s and Caesars casinos were $101.2 million (7.4% up), $12.2 million (49% up), and $19 million (0.7% up) respectively, while Harrah’s and Hard Rock had $21.3 million (7.4% up) and $37.5 million (0.8% up).
Meanwhile, Golden Nugget, Tropicana, Resorts, and Ocean Casino Resort reported a decrease in revenues with $11.1 million (13.9% down), $17.2 million (0.5% down), $12.6 million (5.4% down), and $26.2 million (2.2% down) respectively.
Online gambling operators reported $142.6 million in February’s revenues, up 9.7% year-on-year. However, there was a drop of 6.2% compared with $152.9 million revenue in January.
Sports betting operators of the state reported accepting $847.4 million in wagers. The biggest part, $801.4 million, came through mobile sportsbooks, while retail sportsbooks gained $46 million in wagers. This brings the year-to-date total sports betting handle to $1.9 billion.
Licensed operators of the New Jersey gambling sector contributed nearly $7 million in taxes — the tax liabilities of the casinos accounted for $6.5 million.
In other news, the Internet Vikings company has entered the state of Mississippi and New York.
