New Jersey sports betting revenue up 47%

Sports Betting

The New Jersey Division of Gaming Enforcement reported sportsbook revenue of $96 million, a spike of 57% month-over-month and 47.1% year-over-year. 

Based upon filings with the Division of Gaming Enforcement, Casino Win for the nine casino hotel properties was $280.3 million for August 2023, reflecting an increase of 2.3% when compared to $274.0 million reported in August 2022. Year-to-date Casino Win for the nine casino hotel properties was $1.93 billion, reflecting growth of 2.3% compared to $1.88 billion for the prior year-to-date period.

Sports Wagering Gross Revenue reported by casinos, racetracks, and their partners was $96.0 million for August 2023, reflecting a 47.1% increase when compared to $65.3 million reported in August 2022. Sports Wagering Gross Revenue reported by casinos, racetracks, and their partners was $597.9 million for the year-to-date period, reflecting a 42.7% increase when compared to $418.9 million reported in the prior year-to-date period.

Total Gaming Revenue reported by casinos, racetracks, and their partners was $531.6 million for August 2023, reflecting a 12.9% increase from $470.7 million reported in August 2022. For year-to-date, Total Gaming Revenue reported by casinos, racetracks, and their partners was $3.77 billion reflecting an 11.2% increase from $3.38 billion reported in the prior year-to-date period.

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