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New Jersey gambling revenue up over 15% in May

New Jersey’s igaming ecosystem recorded a narrow monthly drop through May but the Garden State still surged ahead after total gaming revenue closed the month at $430.6m, 15.1 per cent ahead of 2021’s $374.2m and 1.91 per cent up from April 2022’s $422.5m.

For the past month, internet gaming win was reported as $136m by the New Jersey Division of Gaming Enforcement, which reflects growth of 25.7 per cent from $108.1m year-on-year but down slightly from April 2022’s $136.9m.

For the year-to-date this figure comes in at $681.4m, which is 29.3 per cent ahead of the $527.2m gained during the prior five month period.

Leading the way in the state’s online casino and poker room space is the usual trio of the Borgata which came out of top once again with $42.58m (April: $39.92m) in revenue, ahead of Resorts Digital which leapfrogs a place with $29.79m (April: $29.13m) and Golden Nugget Online Gaming’s $29.69m ( April: $38.14m).

On a land-based basis, total win for the month grew 9.3 per cent YoY from the $213.1m recording during May 2021 to $233m through the current year, but that figure does represent a slight drop on a quarterly basis from April $235.29m.

Year-to-date total casino win for the nine brick-and-mortar casino hotel properties was $1.08bn, which demonstrated growth of 20.7 per cent compared to $895.9m for the prior period.

Borgata came out on top once more with revenue of $63.36m (April: $61.6m), ahead of the $41.5m (April: $40.59m) gained by Hard Rock and Ocean Casino which generated revenue of $25.35m (April: $26.24m).

Per casino vertical, slot machines recorded a revenue of $174.32m, a 10.5 per cent improvement YoY (May 2021: $157.79m), while table games earned $58.7m, a 6.1 per cent yearly increase (May 2021: $55.35m).

New Jersey’s sports betting handle came in at $766.4m, with online contributing $708.4m. The state’s sportsbooks gairned $61.6m in May gross revenue, a 16.4 per cent uptick YoY (May 2021: $52.9m). 

However, YTD revenue figures were reported as declining 9.3 per cent to $269.4m compared to the $297.1m recorded during the same period one year earlier. 

Looking at the figures a little closer, Meadowlands came out on top with revenue of $35.53 (2021: $34.61m), ahead of Resorts Digital’s $11.28m (2021: $9.54m) and Borgata’s $6.44m (2021: $3.84m).

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