When it comes to revenue at New Jersey casinos, the pre-pandemic days look like mere stepping stones. In yet another month, the nine Atlantic City casinos have again outperformed win totals from the same month in 2019.
It’s further evidence that not only has gambling in New Jersey recovered from the shutdowns of the COVID-19 pandemic but they are building upon the success they experienced prior to those interruptions. September 2022 also saw gaming in the Garden State cross a momentous threshold.
New Jersey casinos show year-over-year improvement
The latest monthly revenue release from the New Jersey Division of Gaming Enforcement shows that combined casino win for the nine Atlantic City licensees came to $251.7 million for September 2022. That does not include the licensees’ online casino/poker/sports betting revenue or retail sports betting win.
In September 2019, the same nine casinos combined to claim $224.5 million in this category. However, some context for that statistic is very important. The Borgata and Hard Rock accounted for almost $106 million, or about 42%, of that $251.7 million casino win last month.
The Golden Nugget, Harrah’s, and the Tropicana all failed to improve upon their individual performances from September 2019 to September 2022. The strong performances at the Borgata and Hard Rock carried the month, though.
So far this year, five of nine months have represented overall improvements in casino win from the same months in 2019. A larger look at the entire scope of gambling in New Jersey gives a fuller assessment of the status of the industry in the state.
How did NJ online casinos fare last month?
Total revenue from online slots, poker, and table games for September 2022 came to over $135.2 million. That’s an improvement of just under 10% from the same month in 2021 and keeps 2022 on pace to be the best year ever in the state in terms of win from online casino play.
Through the first nine months of 2022, New Jersey online casinos have held more than $1.22 billion. In September of 2021, the same activity accounted for just $989 million in win. Should the final three months of 2022 stay on the same pace, 2022 could not only set a new standard in New Jersey but do so convincingly.
According to Chris Imperiale of PlayNJ, September’s win from online casino play also put the running lifetime total of online casino revenue over the $5 billion mark. With the gross gaming revenue from all channels figured, the gambling industry in New Jersey appears strong.
What does the big picture look like?
With revenue from betting on horse races and sporting events figured in, all legal gambling activity in New Jersey produced $485 million in September 2022. That represents a 7% uptick from September 2021 and it also slightly outperformed July’s $480.7 million to become the best month of 2022 so far.
While not all casinos are equally improving upon their pre-pandemic performances, the overall state of the gambling industry in New Jersey is robust. Especially in the online casino segment of the market, 2022 seems like it will go down as the best year ever for gambling in the state.