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NEWS 13 September 2018

New Jersey gaming revenue up 24% in August

By Oliver Rudgewick

New Jersey’s casinos experienced a fruitful month in August, which saw a 24% increase in gaming revenue year on year to $303.9m.

Casino win rate also rose by 21% to $269.9m, with slot and table win rate up by 18% and 28% respectively to $196.3m and $73.5m.

Sports betting revenue was $9.1m, on a handle of $95.6m - in part due to the launch of mobile sports betting.

Resorts Casino’s online sportbook, which went live on 1 August, recorded just under $3m in sports betting revenue for the month, only bettered by Meadowlands Racetrack (taking in just over $3m).

Borgata took the largest share of the total gaming market, recording revenue of $76m for the month (a 2.3% year-on-year increase), and the recently opened Hard Rock and Ocean Resort recorded $31.2m and $20.5m respectively.

The total revenue for the year to date is up 3% to $1.86bn, which has seen Golden Nugget's revenue rise by the biggest percentage (15%) to $220.5m.

RELATED TAGS: Industry | Sports Betting | Financial | Casino
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