In a testament to its thriving gaming industry, New Jersey has reported substantial growth in its gaming revenue for January, according to the New Jersey Division of Gaming Enforcement. This comprehensive report covers the collective revenue generated by the state’s casinos, horse tracks offering sports betting, and their corresponding online platforms. The remarkable 14.5% year-on-year increase, reaching $436 million, highlights the sector’s resilience and adaptability to evolving consumer trends.
Thriving Casino Win and Online Gaming
Among the pillars of the state’s gaming landscape, the nine Atlantic City casino hotel properties stand out, collectively recording a casino win of $211.7 million for January. This marks an impressive 15.3% increase compared to the previous year’s figure of $183.6 million. Simultaneously, the online gaming sector saw notable growth, achieving a win of $152.9 million, representing a commendable 10.9% surge from $137.8 million in the same period last year. The coexistence of robust in-person casino experiences and the convenience of online gaming platforms underscores the sector’s diversity and appeal to patrons.
Noteworthy Performance in Sports Wagering
The realm of sports wagering contributed significantly to this impressive growth, with gross revenue soaring to $72.3 million, showcasing a remarkable 20.2% increase from the previous year’s $60.2 million. This strong performance in sports wagering revenue underscores the fervent engagement of patrons in sports betting activities, making it a pivotal driver of the state’s overall gaming revenue.
In-Person Casino Revenue Breakdown
Zooming in on in-person casino revenue, several prominent properties stood out with substantial growth. The Borgata took the lead with an impressive revenue of $58.3 million, marking a notable 20.6% increase from January 2022. Hard Rock followed suit, contributing $35.9 million and experiencing a 3.4% uptick. The Ocean Casino Resort achieved an exceptional revenue of $30.5 million, showcasing remarkable growth of 26.4%. Harrah’s, with $20.1 million in revenue, demonstrated an impressive rise of 15.9%.
Notable Contributions from Other Casinos
Several other noteworthy casinos made substantial contributions to the state’s gaming revenue. Caesars achieved $16.8 million, reflecting a commendable 5% increase. Tropicana followed with $16.2 million, marking an impressive growth of 11.9%. Bally’s experienced remarkable growth with $11.5 million, marking a significant 31.4% surge. Resorts contributed $11.1 million, reflecting a commendable 20.1% increase, and Golden Nugget achieved $10.9 million, showcasing a notable rise of 5.6%. Interestingly, only three of the nine casinos managed to surpass their in-person revenue from four years ago: Borgata, Hard Rock, and Ocean.
Collective Contributions Including Online and Sports Betting
The collective contributions from internet and sports betting revenue provide a broader perspective. Notably, Borgata achieved $105.9 million, reflecting a remarkable 14.7% increase. Resorts Digital, the online arm of Resorts casino, recorded $52.9 million, showcasing impressive growth of 22.5%. Golden Nugget contributed $51.6 million, marking a commendable 10.1% surge. Other prominent players include Hard Rock with $43.2 million (up 2.2%), Ocean with $34.6 million (up 31%), Tropicana with $24.9 million (down 3.1%), Harrah’s with $20 million (up 14.5%), Bally’s with $16.4 million (up 63.7%), Caesars with $16.3 million (up 2.2%), and Resorts with $10.8 million (up 14.4%). It’s noteworthy that Caesars Interactive NJ reported $8.2 million, although experiencing a decline of 17.6%.
New Jersey’s impressive 14.5% surge in gaming revenue underscores the industry’s resilience and adaptability, contributing to the state’s economic vibrancy. The substantial growth across casino, online gaming, and sports wagering segments reflects the diverse range of entertainment options that cater to patrons’ preferences. As the industry continues to evolve and expand, the collective efforts of casinos, horse tracks, and online platforms play a pivotal role in propelling New Jersey’s position as a prominent player in the thriving gaming landscape.