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 2022โ€™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:

Operator20232022
Resorts Digital$44.9m$30.8m
Borgata$43.9m$41.4m
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.


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Stephanie
Casino Expert
Once upon a time, there was a girl named Stephanie. Curious by nature, she tried several jobs. She was a waitress, a teacher, and even a cook! That last one she didnโ€™t see coming. But sheโ€™s a believer that life has many turns and that one must embrace each one. Now a content writer for USOnlineCasino.com, we trust Stephanie is all-in in this new chapter.

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