New Jersey’s total gaming revenue saw a slight year-over-year improvement once more in November, but sports betting continued to see revenue losses compared to the previous year.
Meanwhile, igaming win remained close to the record numbers achieved in October, while casino operations also witnessed YoY growth.
The New Jersey Division of Gaming Enforcement (NJDGE) has reported a total gaming revenue – casinos, racetracks, and their partners – for November of $441.1m, a 0.3% YoY increase from the $439.6m reported in November 2021.
For year-to-date, total gaming revenue currently stands at $4.76bn, a 9.8% improvement on the $4.33bn reported in the same period the prior year.
Per vertical, casino and igaming operations underwent YoY upticks in November thanks to table games growth, while sports betting revenue fell compared to the previous year.
From a November handle of $1.1bn – second highest monthly handle in 2022 with $1.03bn from online operations – New Jersey’s sportsbooks reported gross revenues of $80.4m for the month, a 29.9% YoY decrease (2021: $114.8m). YTD, sports wagering gross revenue stands at $675.3m, a 10.8% drop YoY (2021: $756.7m).
Per operator, Meadowlands/FanDuel/PointsBet remained New Jersey’s top sportsbook with $48.7m (2021: $64.4m), followed by DraftKings/Resorts/FoxBet with $16.6m (2021: $15.9m), and Borgata/BetMGM with $7.67m (2021: $7.77m).
For the Garden State’s nine casino operations, the NJDGE declared revenues of $214.6m for November 2022, a 3.7% YoY gain (2021: $206.9m). Slot games earned revenues of $156.7m while table games achieved revenues of $57.9m. YTD, casino revenues stand at $2.57bn, a 9.7% YoY improvement (2021: $2.34bn).
Borgata led all casino operators with $55m (2021: $48.3m) in revenue, followed by Hard Rock with $35.5m (2021: $37.3m), and Ocean Casino with $30.9m (2021: $28.5m).
Igaming revenue rose by 23.9% YoY in November to $146.2m (2021: $118m), just shy of the monthly revenue record of $147.2m set in October. YTD, igaming revenue currently stands at $1.51bn, a 22.5% YoY increase (2021: $1.23bn).
Per operator, Borgata stayed in first place with $44.3m in revenue (2021: $33.7m), followed by Golden Nugget with $37.7m (2021: $31.7m), and Resorts Digital with $37.3m (2021: $27.8m).
For November, gaming operators paid $45.8m in taxes to the state of New Jersey, bringing the total amount paid in state taxes for the year so far to $478.7m.