According to the NJ Division of Gaming Enforcement’s report on casino revenue in April 2023, online casinos have experienced an impressive growth of 16.1% compared to the previous year. This marks yet another remarkable month for the industry.
- Revenue from online casinos in April 2023.
- April 2023 Revenue from Casinos Located on Land
- The overall casino revenue generated in New Jersey during the month of April in the year 2023.
In April 2023, online casinos in New Jersey amassed a total of $158.9 million, marking the second-highest figure on record. This impressive sum comes just shy of the previous month’s record-breaking earnings of $165.7 million.
In April 2022, casinos collected $136.9 million, but in April 2023, revenue increased by more than 16%. When considering the year-to-date figures, which currently amount to $620.1 million in 2023, the online casino revenue in NJ has risen by 13.7% compared to the previous year’s $545.4 million.
Revenue generated by land-based casinos in April 2023.
In April 2023, the nine land-based casino and hotel properties in New Jersey accumulated a total revenue of $231.5 million. This represents a decrease of 1.6% when compared to April of the previous year. Nonetheless, the year-to-date figures indicate a positive trend, with a 4.6% increase as the total revenue for 2023 amounted to $886.8 million, in contrast to $848 million during the same period in the prior year.
The total revenue generated by casinos in New Jersey for the year 2023.
In April 2023, New Jersey amassed a total of $462.7 million in revenue through the combined contributions of land-based casinos, their online affiliates, and sports betting.
Due to the remarkable surge in online casinos and the substantial growth of sports betting by over 40%, the revenue has witnessed a 9.5% rise compared to the previous year. The year-to-date statistics display an impressive 12.4% increase, with the collection amounting to $1.8 billion in 2023, as opposed to $1.6 billion in 2022.
