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July 17, 2023

New Jersey Reveals a 13.9% Revenue Increase in June 2023

Ethan Moore
Written byEthan MooreWriter
Researched byMatteo BianchiResearcher

New Jersey's betting industry regulator, the Division of Gaming Enforcement, has released the most recent gambling industry statistics for June 2023. The latest findings cover the overall gaming revenue as well as the various gaming subsectors, including sports betting, online gambling, and casino wins.

New Jersey Reveals a 13.9% Revenue Increase in June 2023

In June 2023, casinos and racetracks in New Jersey, the United States, generated a total gaming revenue of $457.2 million, 13.9% more than the revenues in June 2022. Since the beginning of 2023, the total gaming revenue has increased by 12.1%, from $2.43 billion last year to $2.73 billion.

The financial report by the regulator goes deeper to offer insights into the performance of specific segments. Online gaming registered a 12% increase to generate $149.3 million in the Garden State. Also, the year-to-date gaming revenue for online gaming stands at $930.8 million, up by 14.3% from $814.5 million in the same period in 2022.

The impressive trend continues in the casino wins sector, with the state's nine properties totaling $421.6 million in June 2023. This represents a 5.4% increase over the $229.1 million in June 2022. In addition, these properties collected $1.36 billion in the first half of 2023, a 3.5% uptick over the $1.31 billion at the same time in 2022. With $182.9 million in revenue, slot machines were the casino win segment's most significant contributor.

Regarding sports betting, casinos, racetracks, and partners recorded gross sports wagering income of $66.4 million, a 69.1% increase over the $39.2 million in June 2022. This is among the biggest increases in a single vertical in New Jersey. Sports betting operators in the state generated $440.8 million in total income thus far this year, a 42.8% increase over the $308.7 million reported during the same period in 2022.

Commenting on the results, James Plousis, chair of the New Jersey Casino Control Commission, said sports betting and online gambling are now a permanent part of Atlantic City's gaming sector. 

He added:

"Gains in all three reported areas — casino win, internet gaming win, and sports wagering revenue — demonstrate that online and traditional gaming are a winning combination."

About the author
Ethan Moore
Ethan Moore
About

Ethan "BetMaster" Moore, born amidst the pulsating energy of London, combines a sharp analytical mind with the excitement of sports. As the chief writer for BettingRanker, he offers a unique blend of stats, strategies, and stories, making the world of sports betting both accessible and thrilling.

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