NJ Gaming revenue up 15% YOY

by Stephanie
Published April 20, 2023
NJ Gaming revenue up 15% YOY

The New Jersey Division of Gaming Enforcement (DGE) recently announced revenue numbers for all forms of gaming available in the state, including racetracks. The figures show that revenue for March was up by 15% compared to the same time last year.

  • NJ casinos won $165,7 million in March 2023.
  • Land-based slots reported a 5.1% increase to $164.8m.
  • Revenue at Borgata is up 5.6%, Golden Nugget by 10.3%.

The NJ gaming sector continues to show growth for the third month of 2023. All gambling verticles declared year-over-year revenue reaching $487.4m. That’s 15% more compared to March 2022’s $423.7m.

Slots remain revenue leaders

The total land-based casino revenue was 5.6% higher compared to the same month last year at $228.6m.

According to data from the DGE, land-based slot machines hold the title for the state’s primary source of gaming revenue. They experienced a 5.1% increase at $164.8m, while retail table games increased 6.7% at $228.6m.

Top 3 iGaming revenue producers

Data shows everything looks positive on the land-based front. So, what about the online sector?

Well, this sector also has positive results. Here’s a breakdown of igaming revenues from the market’s top three operators YOY:

Resorts Digital$44.9m$30.8m
Golden Nugget$42.7m38.3m

So far the year, operators in New Jersey have paid $139.5m in taxes to the state. From that amount, $51.3m was paid in March.