New Jersey sees 13.9% increase in June 2023 results YOY

The Division of Gaming Enforcement in New Jersey has posted the latest results from the gaming industry, covering the period for June 2023. The results cover the total gaming revenue as well as the individual segments, including casino win, internet gaming, and sports wagering.

The total gaming revenue for the month stood at $457.2m and was generated by casinos, racetracks, and their partners. This was a 13.9% increase from June 2022. The year-to-date total gaming revenue has hit $2.73bn or a 12.1% gain on the $2.43bn posted in the first six months of 2022.

Looking at individual segments, internet gaming win saw the Garden State’s casinos and their partners generate $149.3m, or a 12.1% gain on the June 2022 results, when the industry posted $133.1m in revenue. The year-to-date gaming win from this segment stood at $930.8m, which is a 14.3% gain on the same period in 2022 when the industry posted $814.5m.

Casino win collected by the nine properties in the state reached $421.6m in June 2023, or a 5.4% gain on the $229.1m posted in June 2022. The first six months of 2023 saw the properties collect a total of $1.36bn, also up 3.5% on the $1.31bn posted in the same period last year. Slot machines were the biggest contributor to the results in the casino win segment, with $182.9m collected from this vertical. Another $58.57m was collected by

Then, there is sports wagering. Sports wagering gross revenue reported by casinos, racetracks, and partners was $66.4m, or a 69.1% increase on June 2022’s $39.2m. This constitutes one of the most significant increases in a single vertical posted in the Garden State this year. The year-to-date sports wagering gross revenue stood at $440.8m, which is a 42.8% gain on the $308.7m posted during the same period in 2022.

In terms of which property collected the biggest chunk of the revenue, the distinction went to Borgata which raked in $104.89m in total gross gaming revenue, improving on June 2022’s results. Golden Nugget also collected $53.7m or up 11% from the $48.39m posted in June 2022. Ocean Casino was another property that saw a good rate of improvement with June 2023’s results generating $39.8m from the $32.17m, or up 23.7%.

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