New Jersey releases figures for November 2023 with $482.4m generated in monthly gaming revenue

With the year coming to a close, New Jersey has published the details of its casinos, racetracks and partners for the penultimate month of 2023.

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The New Jersey Division of Gaming Enforcement has released its figures for November 2023. The revenue accumulated across all betting avenues was $482.4m for the month, a 9% increase from the same period last year.

For the year-to-date value, the revenue was $5.3bn, marking an 11% increase from 2022.

When broken down into individual segments, the land-based casino win amount brought in the most with $214.9m for November, a steady 0.2% increase from the year prior. This was calculated from nine casino hotel properties across the state, with Borgata reporting the highest casino win at $51.7m, although this was also a 6% decrease annually.

The largest change in the individual properties was a 20% increase by Bally’s, which totalled $12.1m in casino win.

When looking at the different verticals, slot machine win increased 3% from the year before, up to $160.9m, while table game win decreased 7% down to $54m.

As for online casino win, this segment increased by 17% up to $171.6m for November, increasing by 15% up to $1.74bn when looking at year-to-date.

The Golden Nugget property brought in almost five times the amount of internet gaming win compared to retail casino, with $50m against $11m.

This $50m internet gaming win reflects a 33% increase from last year for the individual property and is the highest amount in the state.

The second highest came in by Resorts Digital with $47m, but Hard Rock saw the largest increase of 72% pushing internet win up to $8.7m for the month.

The sports wagering gross revenue from across the state increased 19% to $95.9m for November, or when looking at the year-to-date figures, increased 33% to $897.2m.

Resorts Digital once again made the leaderboard with the highest amount of sports wagering revenue by individual properties, with $19.2m reflecting a 16% increase for the month.

The monthly sports wagering handle was $1.6bn, comprised of $1.57bn from online wagering and $55.3m in retail locations.

As for the different sports, football accounted for $68.7m in completed sports win amounts, while basketball brought in $83.7m.

However, baseball triumphed when it came to the specific sports, with $120.7m in completed sports wagering wins.

In a recent Facing Facts, Gambling Insider looked at the gambling industry in both the states of New Jersey and Pennsylvania, as the neighbouring states fight to outperform one another.


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