The New Jersey Division of Gaming Enforcement has published its February gaming revenue report, revealing robust growth in the state’s gaming sector. New Jersey’s casinos, horse tracks offering sports betting, and their online counterparts collectively reported total revenue of $412.2 million for February, marking a substantial 10.4% increase compared to the same period in 2022. This strong performance highlights the enduring appeal and resilience of the state’s gaming industry.
Casino and Online Performance:
New Jersey’s nine Atlantic City casino hotel properties generated a casino win of $215 million in February, showcasing a steady 1.2% growth from the $212.4 million reported during the same month in the previous year. Online gaming continued its upward trajectory, recording a win of $142.6 million, marking a substantial 9.7% year-on-year increase from $130 million.
Sports Betting Surge:
One of the standout contributors to New Jersey’s impressive revenue growth was the sports betting sector. Sports wagering gross revenue reached $54.6 million, marking a remarkable 76.9% surge from the $30.9 million reported in February 2022. This significant increase reflects the state’s thriving sports betting market and the enthusiasm of sports enthusiasts and bettors.
Individual Casino Performance:
In terms of in-person casino revenue, several key establishments demonstrated notable performances. Bally’s reported a revenue of $12.2 million, indicating a robust 14.3% increase compared to the previous year. Borgata recorded a win of $57.4 million, reflecting an 8.8% growth, while Hard Rock registered $37.5 million in revenue, a slight increase of less than 1%.
Online and Casino Combinations:
When considering both in-person and online revenue, Borgata led the way with $101.2 million, a 7.4% improvement. Bally’s impressive performance resulted in total revenue of $18.1 million, reflecting a remarkable 49% year-on-year growth. Other casinos, including Caesars, Golden Nugget, Harrah’s, Ocean, Resorts, and Tropicana, also contributed to the overall positive trend in combined revenue.
Internet-Only Entities:
Among the internet-only entities, Resorts Digital reported substantial revenue growth, reaching $48.2 million, a remarkable increase of more than 25%. Meanwhile, Caesars Interactive NJ posted revenue of $8.3 million, although it experienced a decline of 17.5% compared to the previous year.
New Jersey’s gaming industry’s robust performance in February reflects the sector’s enduring popularity and adaptability. The state’s casinos, online gaming platforms, and sports betting ventures collectively contributed to a significant 10.4% year-on-year revenue growth. This success underscores New Jersey’s position as a thriving hub for gaming and entertainment, attracting both in-person and online enthusiasts, and setting a positive tone for the months to come.