The New Jersey Division of Gaming Enforcement (DGE) has unveiled the gaming numbers for December 2023, showcasing a significant surge in total gaming revenue for the month and marking an impressive 10.9% increase for the full year.
In December 2023, the combined gaming revenue from casinos, racetracks, and their partners reached an outstanding $522.2 million, a substantial uptick of 14.8% from the $454.8 million reported in December 2022. The year-end figures for 2023 reveal a total gaming revenue increase of 10.9%, soaring from $5.21 billion in 2022 to $5.78 billion.
The state’s nine land-based casinos reported a monthly total revenue of $232.4 million for December, reflecting a solid 7.8% growth compared to the $215.6 million reported in the same month of 2022. Annual figures for casino revenue in 2023 totaled $2.85 billion, marking a commendable growth of 2.2%.
Although most casino licensees experienced a slight increase in yearly revenue across all gaming sectors, including sports wagering and online gaming, notable establishments like Borgata, Caesars, Caesars Interactive NJ, Harrah’s, and Resorts revealed a marginal decrease in revenue from the previous year, though still maintaining significant overall numbers.
The DGE also reported impressive figures for internet gaming and sports wagering in the state. In December 2023, online gaming reported by casinos and their partners surged to $180.3 million, indicating a substantial 19.1% growth compared to November’s $151.5 million.
The momentum in online gaming continued throughout the year, with total internet gaming numbers for 2023 reported at $1.9 billion, reflecting an increase of 15.7% growth compared to the $1.66 billion reported in 2022.
In the realm of sports wagering, December 2023 saw revenue reach $109.4 million, marking an impressive 24.8% increase from the $87.7 million reported for the same period in the previous year. The total sports wagering numbers for the entire year crossed the billion-dollar threshold, reaching $1.01 billion and reflecting a remarkable 31.9% increase from the $763.0 million reported for 2022.
The New Jersey gaming industry’s remarkable performance in 2023 signals resilience and continued growth, positioning the state as a prominent player in the evolving landscape of legal gaming in the United States.
