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New Jersey gambling revenue matches $5.21bn record in 2022


Gambling revenue in New Jersey reached a joint-record $5.21bn in 2022, despite a decline in sports betting revenue.

Revenue was 10.0% higher than $4.74bn during the 2021 calendar year and on par with the record amount posted in 2006.

Land-based casino revenue accounted for $2.79bn of the total, up 9.0% on 2021 with slots revenue rising 9.0% to $2.04bn and table games revenue increasing 9.1% to $741.7m.

Internet gaming revenue was also up 21.6% year-on-year to $1.66bn, driven by a 22.3% rise in online slot games revenue to $1.64bn. In contrast, online peer-to-peer poker revenue was down 8.5% to $27.4m.

The Borgata, which counts BetMGM among its skins, led the way in igaming in 2022 with a total of $496.3m in revenue. Golden Nugget, partnered with FanDuel, placed second on $431.7m, then DraftKings partner Resorts Digital with $393.3m.

Turning to sports betting, revenue here fell 6.5% year-on-year to $763.0m, with a handle of $10.94bn, up marginally from $10.93bn in 2021. Consumers staked $10.14bn on sports online, as well as $803.0m at retail sportsbooks.

The Meadowlands, which has a FanDuel betting skin, remained the clear leader in the sports betting market with $423.0m in revenue. Next, Resorts Digital and DraftKings reported a total of $153.3m in revenue, then Borgata and BetMGM with $82.9m.

Looking at the final month of 2022 and total gambling revenue in New Jersey in December was $454.8m, up 12.5% from $404.1m in 2021 but 8.4% lower than $441.1m in November 2022.

Land-based gaming revenue was 1.8% higher at $215.6m, with slots revenue up by 2.3% to $215.6m and table games revenue edging up 0.5% to $61.6m.

Online gaming revenue also increased 13.7% to $151.5m, due to a 14.1% rise in internet slots revenue to $149.3m. Online peer-to-peer poker revenue declined 7.1% to $2.2m.

As was the case in the full year, the Borgata claimed top spot in igaming with revenue of $43.7m, ahead of Golden Nugget on $40.4m and Resorts Digital with $37.8m.

Sports betting revenue jumped 48.5% to $87.7m, with consumers spending $1.06bn in total, including $998.4m online and $57.2m in-person.

The Meadowlands again was first with $44.2m in revenue, some way ahead of Resorts Digital on $21.9m and Borgata $9.5m.