New Jersey Gaming Revenue Surpasses $400 Million In January 2023
If you thought 2022 was a good year for the New Jersey gambling industry, 2023 might want you to hold its beer. According to the latest report from the New Jersey Division of Gaming Enforcement (NJDGE), the state’s casinos, sportsbooks, and race tracks are already outperforming their 2022 numbers.
Total gaming revenue in the state was just shy of $437 million for the month of January this year. While Atlantic City casinos again drove most of that production, their online counterparts again proved their worth.
New Jersey gambling revenue figures drop for January
In a Thursday press release, the NJDGE broke down the numbers. The total of $436.9 million in revenue for the month came from three primary sources.
- $211.7 million from the nine brick-and-mortar Atlantic City casinos
- $152.9 million from online casinos and online poker play
- $72.3 million from sports betting, both in-person and online
Of the $72.3 million in sports betting revenue, $69 million of that total came from online sportsbooks operating in New Jersey. The Meadowlands was again the revenue champion for the month in terms of sports betting, claiming $47.6 million from bettors over the course of January.
The Meadowlands’ mobile sports betting partners; FanDuel, PointsBet, and SuperBook produced $45.4 million of that amount. As far as online casino and poker revenue went, the numerous platforms operating under the Borgata’s license won the month. Those apps like BetMGM Casino and Party Poker reported $40.7 million in January revenue.
As far as the in-person gaming on the Boardwalk went, the Borgata held serve there as well. Retail poker, slots, and table games for January produced $58.3 million at the Borgata. While those are some impressive numbers on their own, they become a bit more eye-popping in context.
NJ gambling ready to build on 2022 already
In 2022, New Jersey gambling facilities and sites combined to generate $5.2 billion in revenue. That is a new high for the state in a calendar year. If 2023 continues on the pace that January’s path has set it on, that record won’t stand long.
The NJDGE says total revenue was up 14.5% in January 2023 compared to the same month in 2022. Additionally, all three segments saw double-digit year-over-year growth for their revenue as well.
- Brick-and-mortar casinos – up 15.3%
- Online casinos – up 10.9%
- Sports betting – up 20.2% in revenue
$5.2 billion divided evenly among a year’s months comes to around $433.3 million per month. January’s total for this year was 0.9% ahead of that number, giving a little bit of breathing room for a short month in February.
When 2023 is said and done in New Jersey, 2022 could be hard to see in the rearview mirror.