Updated
Updated · NJBIZ · Jun 22
New Jersey Gaming Revenue Tops $627.1 Million as Internet Gaming Hits $276.3 Million Record
Updated
Updated · NJBIZ · Jun 22

New Jersey Gaming Revenue Tops $627.1 Million as Internet Gaming Hits $276.3 Million Record

1 articles · Updated · NJBIZ · Jun 22

Summary

  • $627.1 million in May gaming revenue put New Jersey up 2% from a year earlier, with internet gaming reaching a record $276.3 million and outpacing Atlantic City casino win for a ninth straight month.
  • $265.6 million in casino win gave Atlantic City its strongest May in more than a decade, even as sports wagering revenue fell 16.9% to $85.2 million on a $912.9 million handle.
  • $2.93 billion in year-to-date gaming revenue through May marked a 7.2% increase, driven by $1.32 billion in internet gaming revenue, up 14.4%, while casino win rose 3% to $1.15 billion.
  • Borgata led May casino win at $72.9 million, followed by Hard Rock at $49.9 million and Ocean at $46.8 million, while analysts flagged weaker table-game revenue as a possible sign of new regional competition.

Insights

With New York's new mega-casino, is Atlantic City's winning streak about to end?
As online gambling shatters records, is the golden age of the physical casino officially over?