In-person gambling revenue fell by 6.3% to $216.8 mn

New Jersey gambling revenue totals $511 million in April despite in-person decline

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New Jersey’s casinos, horse tracks, and their online partners earned over $511 million from gamblers in April, a 10.4% increase from the previous year, according to state gambling regulators. This rise was largely driven by the state's second-best month for internet gambling, which has helped the state offset the decline in the land-based market.Total revenue surpassed the $462.7 million recorded in April last year but was 3.0% lower than the $526.6 million reported in March of this year, as per the data released by the New Jersey Division of Gaming Enforcement.

In-person gambling revenue, which casinos consider their core business, fell by 6.3% from a year ago to $216.8 million. Six out of nine casinos saw a decline in in-person revenue compared to April 2019, before the COVID-19 pandemic.

Borgata Hotel Casino & Spa earned $58.3 million, up 0.5%; Hard Rock Hotel & Casino Atlantic City earned $41.1 million, up 6%; Ocean Casino Resort earned $28.8 million, down 15.6%; Tropicana Atlantic City earned $17.7 million, down 9.2%; Harrah’s Resort Atlantic City earned $16.4 million, down 25%; Caesars Atlantic City earned $16 million, down 18.4%; Bally’s Atlantic City earned $13.1 million, down 4.9%; Golden Nugget Atlantic City earned $12.7 million, down 3.1%; and Resorts Casino Hotel earned $12.4 million, flat from a year ago.

Including internet and sports betting revenue, the figures were: Borgata at $107.7 million, down 0.2%; Golden Nugget at $66 million, up 20.4%; Hard Rock at $55.2 million, up 18.6%; Ocean at $35.7 million, down 8.6%; Tropicana at $34.8 million, up 28%; Bally’s at $21.5 million, up 5%; Harrah’s at $18.3 million, down 16%; Caesars at $16.1 million, down 19.3%; and Resorts at $12.1 million, down 2%.

Resorts Digital earned $66.4 million from internet gambling, up 7.2%, and Caesars Interactive NJ earned $612,910.

April saw nearly $188 million in internet gambling revenue, an 18.2% increase from the previous year. Sports betting handled over $1 billion, with $106 million retained as revenue, marking a growth of 46.9% year-on-year. The Meadowlands Racetrack in East Rutherford led with $73.1 million, followed by Resorts Digital with $19 million, Freehold Raceway with $2.2 million, and Monmouth Park Racetrack with $953,798.

Year-to-date, total gambling revenue in New Jersey reached $2.06 billion by the end of April, a 14.4% increase from the same period last year.

Land-based revenue decreased by 1.6% to $872.9 million, with declines in both slots and table games. iGaming revenue rose by 21.1% to $750.7 million, driven by a 21.5% increase in slots revenue to $741.3 million. Peer-to-peer poker revenue, however, declined by 3.7% to $9.4 million. Sports betting revenue for the four months totaled $434.2 million, up 48.6% from $292.3 million in 2023, with a total of $5.17 billion wagered.

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