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Data released by the New Jersey Division of Gaming Enforcement (NJDGE) has revealed notable shifts in New Jersey’s gambling market in November, as both internet gambling and sports betting set new state records.
New Jersey’s total gambling revenue for November 2023 amounted to $482.4 million, reflecting a 9.4% year-on-year increase of $41.4 million. This figure includes gross revenue from New Jersey’s casinos, racetracks, and partners.
Regarding internet gambling, table games and online slots generated $171.6 million in November 2023, marking a 17.4% increase compared to the same period in 2022. Golden Nugget emerged as the leader with the highest internet gaming win of $50.1 million during November, representing a 32.9% year-on-year increase.
Also in November, the revenue from sports betting increased by 19.2% compared to the previous year, reaching $95.9 million compared to $80.4 million in 2022. For the same month, Resorts Digital, which includes Draftkings and Fox Bet, had the highest gross revenue for sports betting, reaching $19.2 million, a 15.9% increase from the previous year.
The NJDGE figures also revealed that the casinos and three horse tracks accepting sports bets recorded $1.62 billion in monthly wagers, setting another record. This number grew 45% to $1.62 billion, compared to $1.1 billion in 2022.
In November, the nine land-based casinos in New Jersey earned a total of $214.9 million, representing a 0.2% increase compared to the same period in 2022. Although revenue from table games decreased by 6.5%, there was a 2.7% increase in slot machine play, which resulted in this overall increase.
The nine casino hotel properties have generated a year-to-date casino win of $2.6 billion, indicating a 1.8% rise from the previous year’s figures.
MGM Resorts’ Borgata reported a casino win of $51.7 million, meaning it retained its status as the most profitable casino in New Jersey. However, this figure represents a 6.1% decline compared to November in the previous year.
Despite the growth in these areas, the $482.4 million in revenue for November represents a $4.7 million decline compared to October 2023’s revenue of $487.1 million. The revenue in October was also 6.6% less than September’s $521.5 million, indicating a consistent monthly decrease in revenue throughout the year.
Total gaming revenue reported by casinos, racetracks, and their partners amounted to $5.2 billion for the year-to-date period, representing a 10.5% increase from the $4.8 billion reported in 2022. Internet gaming gross revenue reported for the year-to-date period was $1.74 billion, marking a 15.4% increase from the previous year-to-date period, and sports wagering also saw a 32.9% increase, reaching $897.2 million.
