New Jersey’s August Gambling Revenues Strong

Article ByDavid Weir

September 19, 2023

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Posted in: New Jersey Gambling News, US Casino News, US Gambling News, US Sports Betting News

New Jersey’s gaming sector continued its return to form in August 2023, with casinos and sports betting platforms reporting strong revenue growth. That’s according to the latest figures from the New Jersey Division of Gaming Enforcement.

The figures show the state’s nine casino hotel properties, racetracks, and their online counterparts collectively generated $531 million over the month.

This represents a 12.9% increase from the $470.7 million reported in August 2022. So far in 2023, total New Jersey gambling revenues have now reached $3.77 billion. That’s an 11.2% increase from the $3.38 billion reported at this time last year.

“Atlantic City’s total gaming revenue in August exceeded $500 million for only the second time in history, and it is on pace for a very strong year,” said James Plousis, chairman of the New Jersey Casino Control Commission.

New Jersey Casinos Dominate

The nine New Jersey casino venues, all in Atlantic City, reported revenues of $280.3 million for August 2023. This figure represents a 2.3% increase compared to the $274.0 million reported in August 2022. It is, however, slightly down on the $290 million reported in July.  

The revenues for these casino properties for 2023 so far have now amounted to $1.93 billion. That’s a growth of 2.3% from the $1.88 billion reported for the same period in the previous year.

MGM Resorts’ Borgata was once again the most popular option for Atlantic City casino visitors over the month. Hard Rock Atlantic City came a distant second, followed by Ocean Casino in third.

Online Casinos Booming

New Jersey online casinos also witnessed significant growth in August. Online casino revenues stood at $155.3 million for the month.

This is an 18.1% growth compared to the $131.4 million reported in August 2022. The year-to-date figures for revenues have now reached $1.24 billion, reflecting a 14.6% increase from the $1.08 billion reported in the prior year-to-date period.

The top online casinos for New Jersey’s players during August was Resorts Digital. The online only operator took in $42.296 million for the month, which is up a cool 37% year-on-year. Just behind the pack leader were Borgata and Golden Nugget, both at $40 million.

The rest of the operators, including Caesars Interactive and Hard Rock Bet, were way behind, around $6.5 million apiece.

Online Sportsbooks Also Gain

New Jersey online sportsbooks also saw strong growth in August. The gross sports wagering revenue reported by casinos, racetracks, and their online partners for August 2023 was $96.0 million. That’s a 47.1% increase from the $65.3 million reported in August 2022.

The most popular online option for New Jersey’s bettors in August was also Resorts Digital’s sportsbook, run by DraftKings. It made a huge 345% gain on last year’s figures, with revenues of $56.921 million.

The least popular New Jersey retail sportsbook was the Caesars Sportsbook at Harrah’s Atlantic City. It made a $35,000 loss for the month, which is 73.8% down on its revenues last August.

For the year-to-date period, the revenue from New Jersey’s sports wagering amounted to $597.9 million, a 42.7% increase from the $418.9 million reported in the same period the previous year.

Jane Bokunewicz is the director Lloyd Levenson Institute at Stockton University, which studies the Atlantic City gambling market. She is excited about the state’s prospects going into the end of the year.

“If New Jersey follows nationwide trends, we may be looking at the industry’s best year for (gross gambling revenue) in more than a decade,” she told the Associated Press.