WTGBET New Jersey sees casino win fall 2% for May, but total revenue up
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New Jersey sees casino win fall 2% for May, but total revenue up

Updated:2024-03-21 15:01    Views:97

The state of New Jersey has posted its gaming revenue results for May, showing that sports wagering gross revenue had increased by 33% to $82.2m.

However, despite the positive figures coming from sports wagering, New Jersey’s casino win was down annually by 2%, totalling $227.3m against 2022’s $233m. For the year so far, however, the casino win figures fare much better, up 3% annually to $1.1bn.

Table game win fell by 7% annually, dropping by $4.2m – but it was up year-to-date (YTD) by 1%, totalling $295.5m.

Total gaming revenue for May hit $470.9m, a 9% rise on last year – representing $40.2m. The YTD figures also show steady growth in the Garden State, with its total gaming revenue up 12% to $2.2bn overall.

The graph above shows total gaming revenue in New Jersey for May, both annually and YTD

The biggest increase in the monthly figures comes from YTD sports wagering revenue, which saw it total $374.4m – representing a 39% rise.

In April,Free games sports wagering revenue soared by 44%, totalling $72.3m against 2022’s $50.3m. Meanwhile, the state’s internet gaming win also saw a steady increase, up 16% to $158.9m.

Total gaming revenue was up by 12% in the first four months of 2022, with sports wagering revenue up 41% – totalling $292.2m, a difference of $84.4m.

So, the only letdown for New Jersey in May came from its casinos, with sports wagering revenue in Bally’s sustaining a significant 77% drop on May 2022, reporting $188,117 against 2022’s $806,569.

Otherwise, New Jersey’s online operations continued to see growth, with the casino figures from the first four months of the year keeping the total in the black in the YTD figures.