The New Jersey Division of Gaming Enforcement (DGE) has published the state’s gaming revenue for May, reporting a 15% year-over-year improvement in total gaming revenue.
Total gaming revenue reported by the Garden State’s casinos, racetracks, and their partners was $430.6m for May 2022, a 15.1% increase from May 2021’s $374.2m.
For year-to-date, total gaming revenue came in at $2.03bn, an 18.1% rise over the $1.72bn reported during the same period last year.
New Jersey’s nine casino hotel properties reported $233m for May, a 9.3% YoY uptick (May 2021: $213.1m), with YTD figures at $1.08bn, a 20.7% YoY growth (2021: $895.9m).
Per casino vertical, slot machines recorded a revenue of $174.3m, a 10.5% improvement YoY (May 2021: $157.8m), while table games earned $58.7m in revenue, a 6.1% increase YoY (May 2021: $55.4m).
Per operator, Borgata led the way with $63.4m, followed by Hard Rock ($41.5m), Ocean ($25.4m), Tropicana ($21.7m), Harrah’s ($21.2m), Caesars ($20.3m), Resorts ($14.1m), Golden Nugget ($12.8m), and Bally’s ($12.7m).
The DGE reported igaming revenues of $136m for May, a 25.7% YoY growth (May 2021: $108.2m), with YTD figures of $681.4m, a 29.3% YoY rise (2021: $527.2m).
New Jersey’s sports betting handle came in at $766.4m, with online sports betting contributing $708.4m. The state’s sportsbooks earned $61.6m in May gross revenue, a 16.4% increase YoY (May 2021: $52.9m).
However, YTD sports betting revenue figures have declined by 9.3% to $269.4m compared to the same period the prior year (2021: $297.1m). The state has a YTD win percentage of 5.2%.
Per operator, Meadowlands/FanDuel/PointsBet led the way in terms of revenue with $35.5m, followed by DraftKings/Resorts/FoxBet ($11.1m), Borgata/BetMGM ($6.4m), Freehold/Barstool ($2.6m), and Monmouth Park/Caesars/PlaySugarHouse ($2m).