New Jersey Gambling Revenue Tops $500M In July, With Internet Gaming Bringing In $155M

New Jersey had another successful month, reporting yearly increases across all gaming verticals, except for land-based casinos, in July.

Atlantic City casinos, their online casinos, sportsbook partners and NJ horse tracks won more than half a billion dollars ($506,155,257) from gamblers in July, showing a year-over-year  increase of more than 5%.

New Jersey internet gaming brought in $155.2 million in July, a 13.5% increase from July 2022, with Borgata being the most successful operator.

Revenue from sports betting increased 35.6% year-over-year. Meanwhile, brick-and-mortar casinos in New Jersey brought in $290.0 million in July, a 3% decrease year over year.

New Jersey gambling revenue surpasses $500M in July

In July, New Jersey casinos, racetracks and their partners won $506.2 million. The figure is a 5.3% increase from the $480.7 million reported in July last year. Here’s the total breakdown:

1. Borgata won $127.7 million, up 2.9%
2. Hard Rock won $62.7 million in July, up 4.8%
3. Golden Nugget won nearly $54 million, up 9.8%
4. Ocean won $42.4 million, down 2%
5. Tropicana won $32.3 million, down 9.8%
6. Harrah’s won $25.2 million, down 4.2%
7. Caesars won $25.1 million, down 1.5%
8. Bally’s won $24.1 million, up 16.1%
9. Resorts won $15.3 million, down 162%

Year-to-date, total gaming revenue was $3.23 billion, an 11.0% increase from $2.91 billion reported in the prior period.

NJ online casino win shows a 13.5% increase year over year

According to a news release issued by the New Jersey Division of Gaming Enforcement (NJDGE), online casino revenue in July was $155.2 million in July. The number is a 3.95% monthly increase from the $149.3 million generated in June. July revenue figure is also a 13.5% increase from July 2022’s $136.7 million.

July 2023 revenue by online casino operator

1. Borgata: $42,995,859
2. Resorts Digital: $40,570,833
3. Golden Nugget: $39,787,349
4. Caesars Interactive: $8,556,978
5. Bally’s: $6,829,889
6. Hard Rock: $6,687,917
7. Tropicana: $5,435,131
8. Ocean Casino: $4,301,099

For the year-to-date period, online gaming revenue reported by casinos and their partners was $1.09 billion. The number represents a growth of 14.2% compared to $951.2 million for the prior year-to-date period.

Physical casino revenue decreases by 3% year over year; Borgata holds top spot

According to the NJDGE report, nine casino hotel properties in New Jersey won $290.0 million in July. That includes wins from physical poker, slots and table games. The number is a 3.0% decrease compared to $299.0 million from the same time last year.

Borgata was the most successful throughout July, generating more than $78.5 million in casino wins. Apart from Borgata, only Bally’s and Hard Rock reported a yearly increase. Here’s how much each operator earned:

1. Borgata: $78,550,354 (2.4% yearly increase)
2. Hard Rock: $53,059,268 (0.3% increase)
3. Ocean Casino: $37,719,121 (6.6% yearly decrease)
4. Harrah’s: $25,229,950 (4.5% decrease)
5. Caesars: $24,858,542 (1.2% yearly decrease)
6. Tropicana: $24,146,255 (13.6% decrease)
7. Bally’s: $17,203,588 (2.3% yearly increase)
8. Resorts: $15,214,118 (16.1% decrease)
9. Golden Nugget: $13,995,573 (3.4% yearly decrease)

Year-to-date casino win for the nine casino venues was $1.65 billion, reflecting a 2.3% increase from $1.61 billion for the prior year-to-date period.

July sports betting revenue shows biggest year-over-year increase

Revenue from New Jersey sports betting was $61.0 million in July. The number is a 35.6% increase compared to the $45.0 million generated in the prior period. At the same time, the figure is a slight drop from June’s sports betting revenue of $66.4 million.

During last month, Resorts Digital reported the highest sports betting win of almost $19 million, up 124% from last year.