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Home Gambling Industry Gambling revenue for New Jersey operators increases 20% in April

Gambling revenue for New Jersey operators increases 20% in April

18 May 2022
3 min. read

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The gaming regulator in New Jersey, the Division of Gaming Enforcement (DGE), released the total gaming revenue results for April 2022 earlier this week. In total, casinos, racetracks and their partners reported $422.5 million in gaming revenue last month. This result marked a solid 20% increase when compared to the same period in 2021.

Another increase was observed in the year-to-date total gaming revenue. Year-to-date revenue this year shows casinos, racetracks and their partners reported $1.60 billion. Compared to the $1.35 billion reported during the same period in 2021, an increase of 19% is observed.

A breakdown of the total gaming revenue shows that casino win for the nine hotel-casino properties hit $235.3 million last month. This marked a 24.1% increase when compared to the $189.6 million from April 2021. Year-to-date total casino win in April this year increased as well. The year-to-date total casino win hit $848.0 million this year, up 24.2% when compared to the $682.7 million from April 2021.

The DGE provided a further breakdown of the $235.3 million in casino win, showing that both slots and table game win increased last month. In April, slot machine win hit $175.2 million, marking a 26.9% increase, while table game win hit $60.1 million, up 16.4% when compared to the same period last year.

Not unexpectedly, the internet gaming win last month increased as well. Last month, casinos and their partners reported $136.9 million in internet gaming win, up 27% when compared to the same period the prior year. On the other hand, year-to-date results revealed that the internet gaming win hit $545.4 million. This result marked even further growth of 30.2% when compared to the same period last year.

In contrast to the good results, sports wagering revenue dipped in April. Casino, racetracks and their partners reported $50.3 million in sports wagering gross revenue last month. Compared to the $54.8 million from April 2021, this result marked an 8.2% decrease.

Similarly, the year-to-date results for sports wagering decreased as well. For the same period in 2021, year-to-date results reported by casinos and racetracks for sports wagering hit $244.2 million. However, this year, year-to-date sports wagering gross revenue halted at $207.8 million, marking a 14.9% decrease.

Bally's was the operator that has seen the biggest increase in its revenue last month. The operator reported a total of $17.4 million in gaming revenue, up 55.8% when compared to the $11.2 million from April 2021.

Borgata was the casino licensee that has seen the second-biggest increase in revenue. Overall, the property's gaming revenue last month hit $106 million, up 35.8% when compared to the $78.1 million from April last year.

Tropicana's total gaming revenue last month hit $33.3 million, marking a 24.9% increase when compared to the $26.7 million from the same month last year. Another operator that has seen an increase in its gaming revenue is Hard Rock. Last month, the venue's total gaming revenue was $48.6 million, up 16.1% when compared to April last year.



Image credit: Pixabay.com

18 May 2022
3 min. read