Gambling revenue remained strong in New Jersey in February
The most recent revenue report by the New Jersey Division of Gaming Enforcement shows that gambling revenue was up almost 30% in February over last year.
The land-based casinos performed exceptionally well with revenues growing 43.3% year over year to $212.4 million. Of that total, $153.9 million came from slot machines while $58.5 million was generated by table games.
All nine land-based casinos posted revenue increases year-on-year. The Borgata had the highest total revenue at $94.3 million, up 39.5% compared with February 2019. This includes both online gaming and sports betting.
Borgata — $94.3 million, up by 39.5%
Hard Rock — $44.7 million, up by 53%
Ocean Casino Resort — $30.8 million, up by 41%
Tropicana — $26.1 million, up by 18.5%
Harrah’s — $19.5 million, up by 30%
Caesars — $19.1 million, up by 41%
Resorts — $13.3 million, up by 45%
Golden Nugget — $12.9 million, up by 45%
Bally’s — $12.1 million, up by 69%
Sports betting took a hit though, as New York’s mobile betting went live in February. Super Bowl betting in February amounted to $143.7 million in wagers up by 22.4% compared to 2021. Mobile sports wagers totaled $899.6 million for the month with the remaining $85.9 million wagered at retail sportsbooks.
The market leaders were once again FanDuel and PointsBet, both partners of Meadowlands. Their combined revenues for the month totaled $13.9 million while Resorts Digital and DraftKings reported $8.6 million in revenues.
Online casino gaming operators saw revenues grow by 38.6% year-on-year to over $130 million. This was still just short of the $137.8 million all-time record set in the previous month.
Opinions expressed in the post above are those of New Jersey 101.5 talk show host Bill Doyle only.
You can now listen to Deminski & Doyle — On Demand! Hear New Jersey’s favorite afternoon radio show any day of the week. Download the Deminski & Doyle show wherever you get podcasts, on our free app, or listen right now: