17 May 20232 min. read

The total revenue for New Jersey's gambling sector reached nearly $463 million in April

The total revenue for New Jersey's gambling sector reached nearly $463 million in April
Sam Smith
written and last updated by Sam Smith at 17 May 2023 Journalist, Editorial Department
The New Jersey Division of Gaming Enforcement has released its latest monthly financial report. According to the data, total gaming revenue for April reached $462.7 million, equivalent to approximately 38.35 billion rubles. This marks a 9.5% increase year-on-year, as the figure for April 2022 was $422.5 million (about 35.02 billion rubles). However, the sector earned nearly 5% more in March, with revenues totaling $487 million (around 40.36 billion rubles).
In the state's traditional casino segment, April saw a total revenue of $231.5 million (approximately 19.18 billion rubles), which is a 1.6% increase compared to last year's results. The figures also rose by 1.2% compared to March, when revenue was reported at $228.6 million (about 18.94 billion rubles).
Out of ten establishments, only two reported year-on-year revenue growth. Golden Nugget earned $13.1 million (around 1.085 billion rubles), reflecting a 6.6% increase. Ocean Casino reported $34.2 million (approximately 2.83 billion rubles), with results improving by 30.3%. Meanwhile, Bally’s, Borgata, Caesars, Resorts, Hard Rock, Harrah’s, and Tropicana experienced declines, with some reporting drops of up to 13%. For the first four months of the year, total revenue reached $886.7 million (about 73.49 billion rubles), which is 4.6% higher than the same period last year, when the figure was $847.9 million (approximately 70.28 billion rubles).
iGaming operators generated $158.9 million (around 13.17 billion rubles) in April, marking a 16.1% year-on-year increase. However, the March figure was 4.1% higher, at $165.7 million (approximately 13.73 billion rubles). Year-to-date, total revenue stands at $620.1 million (about 51.39 billion rubles), reflecting a 13.7% increase compared to the previous year.
New Jersey sports betting operators accepted wagers totaling $833.9 million (approximately 69.12 billion rubles) in April, an 18.3% increase from March. Of this amount, mobile betting accounted for the majority, bringing in $798.5 million (around 66.18 billion rubles), while retail sportsbooks reported $35.4 million (approximately 2.93 billion rubles). Year-to-date, total revenue has reached $3.7 billion (about 306.6 billion rubles), with April alone generating $72.3 million (approximately 5.9 billion rubles), a 43.6% increase compared to the previous year.
In related news, Pragmatic Play has signed a deal with Soccabet in Ghana.

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