Tag: New Jersey gambling revenue
New Jersey Gambling Revenue Up by 9.5% in April
New Jersey gambling revenue from sports betting have gone up by 43.6%. James Plousis, chairman of the New Jersey Casino Control Commission, said that even though April’s casino revenue was down this year, it remains the second-strongest April in 11 years. The latest monthly revenue report from the New Jersey Division of Gaming Enforcement has disclosed that combined gambling revenues for April came to $462.7 million. The latest figures depict an increase of 9.5% on the $422.5 million reported in April of 2022 and a drop of almost 5% on the $487 million reported in March 2023. Jane Bokunewicz, faculty…
New Jersey Gambling Revenue Gets a Bump
Nevada isn’t the only state with gaming that’s doing well. New Jersey gambling revenue is also rocking, despite the threats of economic issues on the horizon. In fact, the state took in $485 million last month, which was a 7% increase year over year. The numbers were reported by the New Jersey Division of Gaming Enforcement, and they show that casinos and horse tracks offering sports betting lead the charge. The nine casinos in the state contributed over $250 million as well, which was also a growth of over 1%. So far this year, Atlantic City casinos have generated over…
New Jersey Gambling Revenue Jumps
As the rest of the gaming community across the country enjoys a rebound, New Jersey gambling revenue has rebounded as well. The New Jersey Division of Gaming Enforcement reported that total gaming revenue in the state rose 290% from last year at this time. In May of 2020, the state only made $96 million. But this May things turned around with a $374 million windfall. Online gambling in New Jersey helped a lot, generating over $108 million, while sports betting brought in nearly $53 million. Las Vegas hit the $1 billion mark month in March… it’s first such month since…