New Jersey December 2022 revenue up 13%

Updated:2024-03-21 14:35    Views:178

Total gaming revenue for the year-to-date amounted to $5.21bn, up 10% from the $4.74bn reported in the prior-year period.

Casino win – which includes nine casino hotel properties – for December 2022 was $215.6m, a 2% increase from the prior-year period. Year-to-date casino win for the properties amounted to $2.79bn, reflecting a 9% year-on-year growth.

Internet gaming win by casinos and their partners for December 2022, meanwhile, grew 14% year-on-year to $151.5m. The vertical also reported growth for the year-to-date period, climbing 22% year-on-year to $1.66bn.

And sports wagering revenue of casinos, racetracks and their partners increased by 49% to $87.7m in December 2022. It did, however,Play Casino Online decline for the year-to-date period, decreasing by 7% to $763m.

The Meadowlands – where Flutter’s FanDuel, PointsBet and Superbook operate – led sports betting revenue market share at 50.4%, with Resorts Digital – where DraftKings and Flutter’s Fox Bet operate, following at 25%.

Last month, the New Jersey Division of Gaming Enforcement reported that November 2022 saw total gaming revenue in the state reach $441.1m. This marked a slight increase of 0.3% when compared to the $439.6m reported for the same period in 2021.

The state played host to many launches at the end of 2022, with PlayStar launching an iGaming casino app and BetMGM agreeing a deal with Play’n Go in New Jersey in October. Greco then registered as a vendor in the state in November.