New Jersey Gambling Revenue Surges in September

Land-based casinos remain the primary source of revenue in New Jersey, with revenue in this segment amounting to $246.5 million, although this was a 2.1% decrease from the previous year's earnings of $251.7 million. Slot machines contributed $182.7 million to the land-based revenue, marking a 2.0% drop, while table games accounted for 63.8%, down 2.2% compared to the previous September.

One of the most noteworthy developments was the growth in igaming revenue, which amounted to $163.8 million in September, a remarkable increase of 21.1% compared to the previous year's earnings of $135.2 million. The bulk of this revenue, $161.4 million, came from online slots, showing a growth of 21.4% from the previous year, while the remaining $2.4 million was generated from peer-to-peer poker games in New Jersey. Resorts Digital continues to lead the market, narrowly edging out Golden Nugget with $45.4 million in igaming revenue.

The sports betting sector also experienced a substantial boost, with revenue increasing by 13.4% from $98.0 million in September 2022 to $111.1 million this year. The total betting handle witnessed a remarkable 28.6% surge, reaching $1.30 billion, comprising $1.26 billion in online bets and $43.5 million in retail wagers. DraftKings and Resorts World maintained their position as the top performers, achieving $49.9 million in revenue.

Looking at the year-to-date performance, the state's total revenue reached $4.3 million for the nine months leading up to the end of September. This was 10.9% higher compared to the same period in 2022. Land-based casino revenue saw a 1.8% increase, reaching $2.17 billion. Slots revenue surged by 2.9% to $1.61 billion, but table games revenue slipped by 1.4% to $559.9 million. Igaming revenue climbed by 15.4% to $1.41 billion, with slots revenue increasing by 15.5% to $1.38 billion and poker revenue rising by 6.5% to $22.2 million. Meanwhile, sports betting revenue hiked by 37.2% to $709.0 million, with a total handle of $7.77 billion.