The New Jersey Division of Gaming Control presented its regular monthly financial report. According to the data, total gambling revenues in April were $462.7 million. On a year-over-year basis, this is an increase of 9.5%, as the figure for April 2022 was $422.5 million. However, in March the sector earned almost 5% more – 487 million dollars.
The state’s traditional casino segment recorded cumulative revenue of $231.5 million in April. The number is 1.6% higher than last year’s result. The numbers were also up 1.2 percent from March, when revenue was $228.6 million.
Of the ten establishments, only two reported an increase in profitability on an annualized basis. Golden Nugget earned $13.1 million in April, an increase of 6.6%. Ocean Casino reported $34.2 million, a 30.3% improvement. Bally’s, Borgata, Caesars, Resorts, Hard Rock, Harrah’s and Tropicana saw declines, in some cases up to 13%. In the first four months of the year, the total income reached $886.7 million. That’s up 4.6 percent from $847.9 million last year.
- iGaming operators earned $158.9 million in April, up 16.1% year-on-year. However, the March figure was 4.1% higher, when $165.7 million was reported. Year-to-date, total revenue was $620.1 million, up 13.7% year-over-year.
New Jersey sports betting operators took bets totaling $833.9 million in April. The increase compared to March was 18.3%. Of that amount, mobile betting brought in most of it, $798.5 million. Retail bookmakers reported $35.4 million. Total revenue has amounted to $3.7 billion since the beginning of the year and $72.3 million for the month, which is 43.6% more than last year.