New Jersey's gambling results jump 15% year-over-year in March 2023

The New Jersey Division of Gaming Enforcement (DGE) has published the total gaming revenue, along with a detailed breakdown, for racetracks, casinos, and their partners for the month of March 2023. The numbers put results at $487.4m, or a 15% increase from the previous year when the same metric stood at $423.7m.

With the latest results clocked, the total gaming revenue for the year now stands at $1.34bn, or a 13.4% gain on the $1.18bn reported during the first three months of 2022. The regulator offered a detailed breakdown of all important metrics, and individual properties results.

In its latest update, DGE reported that casino win for the nine casino properties stood at $228.6m for March 2023. This was a 5.6% gain on the results during March 2022 when the properties brought in $216.6m. The year-to-date casino win was $655.3m as of the end of March 2023, or a 7% growth on the first three months of 2022.

Then, the regulator also took a closer look at the sports wagering gross revenue. The results realized by casinos, racetracks and their partners stood at $93m in March 2023. That was a significant increase – 40.1% - on the $66.4m reported a year earlier. Sports wagering revenue reported by the casinos, racetracks and partners was $220m year-to-date, or a 39.7% increase on the $157.5m reported in the first three months a year earlier.

Not least, there was internet gaming win which the regulator keeps tabs on. In March 2023, casinos and their partners brought in some $165.7m, gaining 17.8% on March 2022’s results when the properties generated $140.7m. The year-to-date total internet gaming win stood at $461.2m, or a 12.9% increase from the $408.5m posted in March 2022.

More importantly, Atlantic City experienced its best month of March over the past ten years, according to Lloyd Levenson Institute at Stockton University Director Jane Bokunewicz who said that all performance markers continued to improve despite the usually slow time of year.

March Madness drove significant results and internet gaming also managed to prop up properties and their operations. Borgata once again stood atop the chart in terms of total gambling revenue, factoring in sports and internet betting, with $113.5m.

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