New Jersey sees $436.9m in January 2023

The Division of Gaming Enforcement (DGE), New Jersey’s gambling regulator, has published the total gaming revenue results for January 2023. According to the watchdog’s data, gaming revenue was up by 14.5% year-over-year. The total revenue collected was $436.9m, ahead of January 2022’s $381.7m.

The DGE provided a more detailed breakdown of every individual activity, differentiating between retail and in-person gambling, internet wagering, and sports wagering. Retail gambling brought in some $211.7m during January 2023, up 15.3% on last year’s $183.6m reported by the regulator at the time.

The state’s internet gaming win seemed to be improving as well, albeit it still trailed the retail sector in terms of how much it had increased. Present results stood at $152.9m compared to $137.8m in January 2022, or up 10.9% - retail improved by five-percentage points more. Meanwhile, sports wagering turned out to be another winner, with the total gross revenue hitting $72.3m, the regulator published in its official report.

This was ahead by 20.2% from January 2022’s $60.2m results. The results breakdown went even further, offering an insight into the retail sector. Slot machines saw a total of $151.8m in the total win along with $59.8m for table games, all generated from in-person gambling, and an increase across the board for both segments.

In terms of the biggest winners, all retail properties in the Garden State did well across the board. Borgata topped the retail gambling chart with a total of $58.4m brought during the period. That was a 20.6% improvement from last year.

Then there was Hard Rock, which managed to generate $35.9m from retail gambling operations, but that was only a 3.4% gain year-over-year, with the property maintaining robust results regardless. The third best-performing property in New Jersey’s retail casino sector was Ocean Casino, which posted $30.5m, up 26.4%. Harrah’s posted $20.1m in total revenue generated from in-person gambling, marking a 15.9% improvement year-over-year.

The DGE also took a look at how companies performed when internet gaming was concerned. Borgata was once again among the top performers, with the company collecting $40.8m in total revenue, but only marking a small 4.3% increase year-over-year. Golden Nugget saw a total of $40.6m collected, up 11.3% year-over-year.

Resorts Digital posted $40.2m this January from online casino, compared to $33m from a year before, an improvement of 21.8%. Putting all results together, Borgata was way ahead in January 2023, claiming $105.9m, nearly double what the second and third-best companies did. Resorts Digital brought in $52.9m and Golden Nugget collected $51.6m respectively.

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