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March 17, 2023
New Jersey gambling revenue is keeping pace with the rest of the country. The state of Nevada kept their streak of billion dollar months rolling along int he month of January, and gambling across America set a record of $5.5 billion at the same time. Now, New Jersey has reported a jump of over 10% in their revenue.
The Division of Gaming Enforcement reported that the casino win for New Jersey’s nine casinos came in at $215 million for February, which was a modest growth of 1.2% from last year. So far in 2023, those properties have generated over $425 million, which is a growth of more than 7.5%.
Sports betting at state casinos and racetracks was able to produce close to $55 million in February, which was a huge jump of 77% from 2022. That total brought the year to date revenue to $127 million, which was still a healthy increase of almost 40%.
Not to be left out, online gambling came in at well over $140 million, which was a jump of close to 10% from last year. So for those of you keeping score, that’s a total revenue of $412.2 million in February, which is up from $373.3 million. That brings New Jersey gambling to just over $849 million so far this year, or a growth of 12.5%.