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.
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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