New Jersey gaming revenue tops $2.73 billion

Finance News

The NJ Division of Gaming Enforcement in New Jersey releases the previous month’s legal online gambling revenue for both land-based licensees, each of which may partner with one or more third-party brands.

New Jersey’s gambling revenue matched its all-time high of $2.73 billion in the first half of 2023 but only half that amount was won by casinos from in-person gamblers.

Figures released Tuesday by the New Jersey Division of Gaming Enforcement show the casinos, the horse tracks that take sports bets, and online partners of both types of gambling won were up 12% from a year earlier.

James Plousis, chairman of the New Jersey Casino Control Commission, said that even though April’s casino revenue was down this year, it was still the second-strongest April in 11 years.

“Growth in internet gaming win and sports wagering revenue pushed Atlantic City’s total gaming revenue above $400 million for the second consecutive month, which is a positive more typically seen during summer,” he said. “As I regularly visit the casino hotels, I hear a lot of optimism that this will be a great summer in Atlantic City.”