New Jersey's gaming revenue hits $461.5m in February

Quick Intro

The New Jersey Division of Gaming Enforcement recently disclosed the state’s gaming revenue figures for February, showcasing a noteworthy 12 percent increase from the previous year, totaling $461.5 million compared to February 2023’s $412.2 million. This report highlights the financial performance of the state’s casinos, horse tracks offering sports betting, and the burgeoning online gaming sector.

A Closer Look at Casino Performance

February saw the nine Atlantic City casino hotel properties collectively secure a casino win of $211.6 million, marking a slight 1.6 percent decline from February 2023’s $215 million. In contrast, the online gaming sector experienced a significant surge, with a win of $182.3 million, reflecting a 27.9 percent increase from the prior year’s $142.6 million.

Sports wagering gross revenue also saw an impressive 23.7 percent increase, amounting to $67.6 million compared to the previous year’s $54.6 million. Total bets placed by New Jersey players in February amounted to $1.08 billion, showing a 27.6 percent increase year-on-year, with $1.04 billion wagered online and $37.9 million at retail sportsbooks.

Detailed Casino Wins

The land-based revenue performance varied across the board:

  • Bally’s faced a 13.1 percent decrease to $10.6 million
  • Borgata dropped by 6.7 percent to $53.6 million
  • Caesars saw a 13.7 percent decline to $16.4 million
  • Golden Nugget increased by 4 percent to $11.6 million
  • Hard Rock experienced a 9.6 percent rise to $41.1 million
  • Harrah’s declined by 14 percent to $18.2 million
  • Ocean Casino Resort surged by 18 percent to $31 million
  • Resorts saw a 13 percent decrease to $12.1 million
  • Tropicana decreased by 3 percent to $16.6 million

Including internet gambling and sports betting revenues:

  • Bally’s revenue increased by 4.8 percent to $18.9 million
  • Borgata saw a slight 3 percent decrease to $91.8 million
  • Caesars experienced a 15.5 percent decline to $16.2 million
  • Golden Nugget’s revenue soared by 31 percent to $62.9 million
  • Hard Rock enjoyed a 24 percent increase to $54 million
  • Harrah’s saw an 11 percent decrease to $18.6 million
  • Ocean Casino Resort’s revenue increased by 24.8 percent to $37 million
  • Resorts experienced a 4.3 percent decrease to $12.1 million
  • Tropicana saw a 15 percent increase to $30.1 million

Among internet-only entities, Resorts Digital witnessed a substantial 49 percent increase to $72.2 million, while Caesars Interactive faced a 32.8 percent decrease to $5.5 million.

This comprehensive report underscores the dynamic nature of New Jersey’s gaming sector, revealing significant shifts in consumer behavior towards online betting and varied performances across traditional casino venues. As the state continues to adapt to evolving market conditions, these figures reflect both the challenges and opportunities within the gaming industry.