Logo

New Jersey Casinos See February Slump, Still Up From Last Year

Commercial Gaming New Jersey News
Written By Nicholaus Garcia on March 17, 2023
February 2023 Revenue New Jersey Casinos
Share on Facebook
Share on Twitter
Share on LinkedIn
Share on Reddit

After the hot start to 2023, New Jersey casinos in Atlantic City took a small step back in February.

For the month, nine Atlantic City casinos generated $412.2 million in total gaming revenue. The number is up 10.4% from the same time last year.

Last month, New Jersey gambling was just shy of $437 million but still better than the previous year. Regardless, several states across the US are also experiencing the February slump. While there may be several contributing factors, one of the big ones is the end of the NFL season.

New Jersey casinos up year-over-year

Year-to-date total gaming revenue from casinos, racetracks, and their partners sits at $849.1 million. This is a 12.5% increase from the $755.0 million reported in the prior period.

According to data from the Division of Gaming Enforcement(DGE), New Je
rsey online casinos generated $142.6 million, up 9.7% from February 2022. As for YTD, online casinos have generated $295.5 million. Reflecting a growth of 10.3% compared to $267.8 million from the prior year-to-date period.

February 2023 revenue by sector:

  • Slot machines: $159 million
  • Table games: $55 million
  • Casino: $214 million
  • Online casino: $142.5 million
  • Sports betting: $54.6 million
  • Total gaming revenue: $412. 2 million

February YTD revenue:

  • Slot machines: $311,151,989
  • Table games: $115,491,752
  • Casino: $426,643,741
  • Online casino: $295,459,783
  • Sports betting: $126,951,659
  • Total gaming revenue: $849,055,183

New Jersey gambled $847 million on sports in February

Speaking of New Jersey sports betting, customers gambled over $847 million in February.

Of the February total, $801 million, or 95%, was bet via online sports betting apps. According to the DGE, NJ sportsbooks collected $54.6 million in revenue for the month, up 76.9% from the previous year.

Sports betting revenue reported by casinos, racetracks, and their partners was $127.0 million YTD. That figure reflects a 39.4% increase compared to $91.1 million for the prior period.

When it comes to top operators, FanDuel Sportsbook, PointsBet, and SuperBook combined for $31 million in gross revenue, according to the NJDGE data.

February 2023 revenue by sports betting operator:

  • BetMGM / Borgata: $4.4 million
  • Tropicana: $2.3 million
  • Barstool / PlayUp / BetParx: $1.9 million
  • Hard Rock / Bet365 / Unibet: $1.2 million
  • Ocean Casino / Tipico: $194,636
  • William Hill / SugarHouse: $527,284
  • SportTrade: $105,842
  • Golden Nugget / BetAmerica: -$12,618
  • Fubo / Prophet Exchange: -$85,132
  • Wynn / 888sport: -$208,347
Share on Facebook
Share on Twitter
Share on LinkedIn
Share on Reddit
Photo by Playin USA
Nicholaus Garcia Avatar
Written by

Nicholaus Garcia

Nick Garcia is a senior reporter for Playin USA. Garcia provides analysis and in-depth coverage of the gambling industry with a key focus on online casinos, sports betting and financial markets. Garcia has been covering the US gambling market since 2017. He attended Texas Tech University as an undergrad and received a Master of Arts in Journalism from Columbia College Chicago.

View all posts by Nicholaus Garcia

Privacy Policy