New Jersey Casino Revenue in March 2023 Exceed Expectations

By Raymond
Published April 17, 2023
New Jersey Casino Revenue March 2023

The New Jersey Division of Gaming Enforcement announced on 14 April 2023 that online casinos won $165,7 million

The impressive total exceeded expectations, and our predictions of $154 million for March 2023, breaking the current record by over $10 million. The total represents the first month online casinos in New Jersey exceeded $160 million, revealing incredible growth of 17.8% compared to the $140,4 million generated in March 2022. 

The year-to-date figures show that internet gaming continues to rise by over 10%. In 2022, online casinos generated $408,5 million within the first three months, which increased by nearly 13% (12.9%) in 2023, totaling $461,2 million. 

Casino Gaming on the Rise as Revenue at Land-based Casino in Atlantic City also Increase

Most would expect the incredible increase in online casino gaming to reveal a decrease for the nine land-based casinos in Atlantic City. However, the total revenue figures also show positive growth for land-based casino gaming. 

In March 2023, revenue at land-based casinos reached $228,6 million, an increase of 5.6% compared to the same period in 2022, during which casinos generated $216,6 million.  

The year-to-date totals reveal an even more impressive growth pattern as land-based casinos increase by 7%. In the first three months of 2022, they generated $612,7 million, rising to $655,3 million for the same period in 2023

Sports Betting Revenue in New Jersey Rising by Over 40%

The latest revenue report reveals that sports betting is rising faster than internet and land-based casino gaming. 

In March 2022, online sports betting, race tracks, and partners generated $66,4 million. In the same period of 2023, revenue totals accumulated to $93 million, showing growth of 40.1%

The year-to-date figures once again impress the most as the 2023 totals accumulate to $220 million, increasing by 39.7% compared to the $157,5 million generated in the same period of 2022. 

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