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NJ gambling revenue up 9.5% in April despite slots decline


Gambling revenue in New Jersey increased 9.5% year-on-year in April despite a drop in slot machine win, the state’s primary source of gaming revenue.

Total revenue for month reached $462.7m, up from $422.5m in April 2022 but 5.1% behind the $487.4m generated in March of this year.

All areas of the market experienced year-on-year growth, with the exception of land-based slots where revenue fell 3.2% to $169.7m. Retail table games revenue edged up 2.9% to $61.8m, but the slots decline meant total land-based revenue fell 1.6% to $231.5m.

Turning to internet gambling and revenue in April was 16.1% higher at $158.9m. Online slots revenue jumped 16.3% to $156.6m while online poker revenue was also up 2.3% to $2.3m.

The Borgata overtook Resorts Digital to become the leading operator in this market, posting $43.2m in revenue. Resorts Digital placed second with $41.7m, marginally ahead of Golden Nugget on $41.6m.

In terms of sports betting, revenue reached $72.3m, a 43.6% hike from $50.3m in April 2022 despite handle falling 10.0% from $926.9m to $843.0m. Players spent $798.5m wagering on sports online and $35.5m at retail sportsbooks in New Jersey.

Meadowlands and its FanDuel skin remained out in front with $38.1m in sports wagering revenue. Resorts Digital and DraftKings was second with $29.1m, then Borgata and BetMGM with $6.6m.

In the calendar year to date, total market revenue for the three months through to the end of April was 12.4% higher at $1.80bn.

Land-based casino revenue increased by 4.6% to $866.8m, with slots revenue rising 5.0% to $645.6m and table games 3.5% to $241.2m,

Online gambling revenue jumped 13.7%, helped by a 13.9% rise in online slots revenue to $610.3m and poker revenue to $2.3m. Sports betting revenue hiked 40.6% to $292.3m, while the state’s wagering handle hit $3.79bn.