New Jersey 2022 Gaming Revenue Matches All-Time Record
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.