The New Jersey Division of Gaming Enforcement has released its gaming revenue report for April, revealing impressive growth in the state’s gaming sector. The state’s casinos, horse tracks with sports betting facilities, and online gaming partners collectively reported a total revenue of $462.7 million for April 2023, reflecting a robust 9.5% increase compared to the same month in 2022, when the total stood at $422.5 million.
Atlantic City Casinos: A Mixed Picture
In April, the nine Atlantic City casino hotels generated a casino win of $231.5 million, representing a slight dip of 1.6% when compared to April 2022’s figure of $235.3 million.
Online Gaming Win Records Double-Digit Growth
The online gaming sector in New Jersey experienced substantial growth, with an online gaming win of $158.9 million for April, marking a substantial increase of 16.1% year-on-year compared to $136.9 million in the same period last year.
Sports Betting Sees a Sharp Rise
Sports wagering gross revenue surged to $72.3 million, reflecting a remarkable 43.6% increase from the $50.3 million reported in April 2022.
Individual Casino Performances
Bally’s recorded a win of nearly $13.8 million from on-premises gamblers, representing a 4.3% decrease.
Borgata achieved a win of $58.1 million, a 5.7% drop.
Caesars reported a win of $19.6 million, down by 2.7%.
The Golden Nugget recorded a win of $13.1 million, showing a significant increase of 6.6%.
Hard Rock’s win amounted to $38.8 million, down by 4.4%.
Harrah’s reported a win of $21.8 million, which was 5.7% lower.
The Ocean casino outperformed with a win of $34.2 million, marking a substantial increase of over 30%.
Resorts achieved a win of $12.4 million, reflecting a decrease of over 13%.
Tropicana reported a win of $19.5 million, down by 13%.
Comprehensive Figures: Casino and Online Combined
When considering revenue from both on-premises gambling and online gaming and sports betting, several casinos saw positive results.
Bally’s achieved a combined win of $20.5 million, marking an 18% increase.
Borgata’s combined win was $107.8 million, reflecting a moderate rise of 1.7%.
Golden Nugget excelled with a combined win of nearly $54.8 million, up by 9.1%.
Ocean reported a combined win of $39.1 million, representing a substantial increase of over 40%.
Resorts achieved a combined win of $12.3 million, reflecting a decrease of 12.6%.
Tropicana reported a combined win of $27.2 million, down by 18.4%.
Strong Performance in Online-Only Entities
Resorts Digital stood out with a win of $61.9 million, reflecting impressive growth of over 69%.
Caesars Interactive achieved a win of $8.7 million, marking a modest decrease of 4%.
Overall Gaming Revenue for New Jersey
When considering the total gaming revenue reported by casinos, racetracks, and their online partners, the cumulative figure for April was $1.80 billion. This represents an impressive 12.4% increase compared to the $1.60 billion reported in the same period in the previous year.
New Jersey’s gaming industry continues to demonstrate its resilience and growth, with both land-based and online sectors contributing to a successful and prosperous April.