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January 19, 2023

The New Jersey Division of Gaming Enforcement has just released the latest monthly revenue report showing solid performance for the state. The combined gambling revenues for December totaled $454 million which brings the total 2022 revenue to $5.2 billion, matching the states record which was reached back in 2006. The December numbers show a 12.5% increase from the prior year and the yearly total was up 10% from the prior year. The report shows that around half of the total revenue came from in-person casino gambling and sports betting with Atlantic City finally surpassing their pre-Covid levels. In-person betting was responsible for $2.78 billion in winnings compared to $2.68 billion in 2019, but only the three of the nine casinos, Borgata, Ocean, and Resorts were able to pass these numbers. Online gaming was responsible for $151.5 million, a 13.7% increase from the previous month with year-to-date gaming revenue totaling $1.66 billion. Sports betting has grown 48.5% month-on-month with $87.7 million in reported revenue but the year-to-date prod is down 6.5% to $763 million. Overall it has been a solid year for New Jersey as they have began pushing back to their pre-Covid levels.