NJ gambling revenue a win for Atlantic City summer recreation and entertainment

Figures released on Tuesday by the New Jersey Gaming Enforcement Division show that casinos in the state collectively earned $299 million from in-person gamblers in July. That’s 8% more than the $277 million they collectively earned in July 2021.

Year-to-date, total casino winnings for the nine hotel-casinos was $1.61 billion, reflecting a 16% growth from $1.39 billion for the previous period.

“Atlantic City’s casino earnings and total gaming revenue were strong for the first full month of
summer,” New Jersey Casino Control Board Chairman James Plousis said of the July results. “Casino winning reached its highest July level in a decade, reflecting Atlantic City‘s strength as a gaming and recreation destination. exceeded its casino winning, Internet gambling winning and total gambling income compared to the same period last year.

For the month of July, Internet Gaming Win reported by casinos and their partners was $136.7 million; this is an increase of 15.2% compared to $118.7 million for the previous period. For the period since the beginning of the year, Internet gambling earnings reported by casinos and their partners amounted to $951.2 million.

Gross sports betting revenue reported by casinos, racetracks and their partners was $45 million for July 2022, down 18.1% from $55 million in the prior period.

“The drop in July figures can be attributed to two key factors – the sparse sporting calendar plays a significant role in the drop; however, while Garden State’s July numbers are in line with national market trends, the year-over-year decline is not,” according to TopNJCasinos.com. “The decrease indicates that New Jersey is continuing to feel the effects of January’s sports betting launch in neighboring New York well into the year.”

Total gaming revenue reported by casinos, racetracks and their partners was $480.7 million for July 2022, representing a 6.7% increase from the $450.6 million reported in July 2021 Total year-to-date gaming revenue reported by casinos, racetracks and their partners was $2.91 billion, reflecting a 13.7% increase from $2.56 billion. recorded during the previous period.