New Jersey igaming and sports betting revenues jump by double-digits in September
Latest DGE data shows revenue in both verticals up as total gaming revenue rises 7.5% YOY
New Jersey igaming saw revenue growth of 21.1% year on year (YOY) in September, reporting gross gambling revenue of $163.8m, according to latest figures released by the New Jersey Division of Gaming Enforcement (DGE).
Total gambling revenue, inclusive of all forms of gambling such as casino and race track operators, grew 7.5% YOY from $485m in September 2022 to $521.5m in September 2023.
Statewide sports betting revenue jumped 13.4% YOY during September to $111.1m, ahead of online poker which saw revenue growth of 5.5% to $2.3m over the same period.
Total sports betting handle amounted to $1.29bn in September, the bulk of which was funneled through the state’s online operators, which accounted for $1.25bn handle ahead of $43.3m retail sportsbook handle.
Land-based casino gambling revenue fell 2.1% YOY to $246.5m in September.
Drilling down into the individual September numbers by operator, Bally’s was the big winner in igaming during the month, notching up an 87% YOY revenue increase to $6.9m.
The operator was just ahead of Ocean Casino, which notched up igaming revenue of $4.4m, up 87% YOY, and the Tropicana, where igaming revenue jumped 72% YOY to $8.4m.
Resorts Digital and Golden Nugget were the best of the rest in New Jersey igaming during September, reporting YOY increases of 33% ($45.4m) and 32% ($45.1m), respectively.
In respect of sports betting, Harrah’s reported an impressive 454% YOY increase in its revenue, which rose from a negative figure of $82,967 in September 2022 to a positive $293,281 in the same month of 2023.
Harrah’s growth overshadowed equally impressive triple-digit percentage sports betting revenue growth at Hard Rock, where revenue grew 177% to $5m, and Resorts Digital, where sportsbook revenue jumped 122% to $49.8m in September.
Licensees paid $54.1m in taxes back to the state over the same month.