New Jersey reports highest July revenue in over a decade
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The Garden State has announced its financial results for July 2023, revealing a total gaming revenue of $506.2m, a 5% increase from the total gaming revenue of July 2022.
That revenue number was the highest New Jersey has seen in any July in over a decade.
Year-to-date total gaming revenue was $3.23bn reflecting an 11% annual rise from $2.91bn.
Of that July total gaming revenue, casino win came in at $290m, sports betting was $61m and iGaming made $155.2m.
New Jersey is home to nine casino hotel properties and its overall casino revenue of $290m has decreased 3% when compared to last July’s results.
Slot machine win for July 2023 was $217.8m and table game win was $72.2m. Slots were up 1% year-on-year; meanwhile, table games win was down by 13%.
Year-to-date casino win for the state was $1.65bn, reflecting growth of 2% compared to July 2022.
The graph above depicts the amount earned in July in New Jersey on slots and table games between 2020-23.
Sports betting gross revenue reported by casinos, racetracks and their partners was $61m for July 2023, reflecting a 36% increase when compared to $45m in the prior period.
Sports betting gross revenue for the year-to-date was $501.8m, reflecting a 42% increase.
Despite casinos being on a bit of a static downslide, year-on-year, iGaming has increased 14% in the state during July, rising to $155.2m.
For the year-to-date period, iGaming win was $1.09bn, reflecting growth of 14% compared to $951.2m for the prior year-to-date period.
Accounting all percentage increments for year-on-year, the casino with the highest total gaming revenue was the Borgata, with $127.6m, a 3% increase.
The Borgata also lead the highest iGaming win with $43m, as well as having the highest casino win with $78.6m, up 2% annually.
Meanwhile, the casino with the highest sports betting win was Resorts Digital with $19m, up 124% from last year.
The racetrack licensee that made the highest sports wagering revenue was Meadowlands, with $25.7m.
Overall, Resorts Digital saw the highest percentage increase in total gaming revenue of $59.5m, which has risen by 53% year-on-year.
