The New Jersey Division of Gaming Enforcement has recently announced its gaming revenue results for September 2023. Despite a 2% casino win decrease from this time last year, the state has seen an overall increase in revenue, with internet gaming win up 21% and sports wagering gross revenue up 13%, for a total gaming revenue increase of 8% from September 2022.
Of the nine casino hotel properties in operation in the state, Borgata took home the largest revenue total in September 2023, at a rounded $107.4m. Despite being the highest revenue of the casino hotels in New Jersey, this revenue reflects a 5% decrease from this time last year, with Borgata’s September 2022 revenue having totaled $113.5m.
The second-highest revenue in New Jersey came in from Hard Rock, ahead of Golden Nugget only by a small margin with September 2023 revenue of $58.2m and $57.9m, respectively. For Hard Rock, this revenue reflects a 14% increase from this time last year, whereas for Golden Nugget, this $57.9m revenue reflects a 21% increase.
Ocean Casino saw the highest percentage increase in gaming revenue from September 2022 to September 2023, at 33%. The hotel casino earned $44.7m in September 2023 compared to $33.5m this time last year, making it a particularly noteworthy hotel casino to watch in the coming months.
Tropicana and Harrah’s were both down 3% in revenue compared to last year, earning $33.8m and $22.5m respectively in September 2023. However, Harrah’s is notable for having one of the highest reported revenue increases in the New Jersey gaming market compared to September 2022, with its sports wagering revenue up a staggering 454%.
Caesars was down 11% from this time last year with revenue from September 2023 at $21.4m. This puts it just ahead of Bally’s, whose $20.3m September 2023 earnings had them down 1% from September 2022, as the third and second lowest earning casino hotels in New Jersey this month.
The lowest revenue came in from Resorts, at $15m. A change of 12% from this time last year, this low monthly earning can be chalked up in part to low sports betting revenue, which at $43,400 was down 81% from September 2022.
