New Jersey gambling sector’s total revenue was nearly $463 million in April

The New Jersey Division of Gaming Control filed its regular monthly financial report. According to the data, total gambling revenues in April were 462.7 million in U.S. currency (38.35 billion rubles). On a year-over-year basis, this is an increase of 9.5%, as the figure for April 2022 was $422.5 million (35.02 billion rubles). However, in March the sector earned almost 5% more – $487 million (40.36 billion rubles).

In the segment of traditional casinos in the state in April recorded a total income of 231.5 million dollars (19.18 billion rubles). The number is 1.6 percent higher than last year’s result. The numbers were also up 1.2% from March, when revenue was $228.6 million (R18.94 billion).

Of the ten establishments, only two reported a year-over-year increase in revenue. Golden Nugget earned $13.1 million (1.085 billion rubles) in April, an increase of 6.6%. Ocean Casino reported $34.2 million (2.83 billion rubles), the results improved by 30.3%. Bally’s, Borgata, Caesars, Resorts, Hard Rock, Harrah’s and Tropicana saw declines, in some cases up to 13%. In the first four months of the year, total revenue reached $886.7 million (73.49 billion rubles). This is 4.6% higher than last year, when the amount was $847.9 million (70.28 billion rubles).

iGaming operators earned $158.9 million (RUB 13.17 billion) in April, up 16.1% year-on-year. However, the March figure was 4.1% higher, then reported at $165.7 million (RUB 13.73 billion). Since the beginning of the year, total revenues amounted to $620.1 million (RUB51.39 billion), up 13.7% year on year.

New Jersey sports betting operators took bets totaling $833.9 million (RR69.12 billion) in April. The increase was 18.3% compared with March. Of that amount, mobile betting brought in most of it, $798.5 million (R66.18 billion). Retail bookmakers reported $35.4 million (2.93 billion rubles). Total revenue has amounted to $3.7 billion (RUB306.6 billion) since the beginning of the year, while for the month it was $72.3 million (RUB5.9 billion), which is 43.6% more than last year.

Recall: Pragmatic Play is making a deal with Soccabet in Ghana.

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