Yo, check this out! In the Garden State, the sports betting scene just went HAM with a 47% surge, raking in a whopping $96.0 million in August alone! Total gambling revenue? A jaw-dropping $531.6 million! 🎰💲
Sports fanatics weren’t holding back, with wagers skyrocketing by 33% to a staggering $725.8 million! Most of that action went down online, clocking in at a massive $697.1 million. Retail betting? Still pulling in a cool $28.8 million. 😎💪
The online game was STRONG with a monthly margin of 13.4%, bringing in a hefty $93.2 million, up 52%! Retail, on the other hand, took a dip, dropping by 27% to $2.8 million. 📈📉
Resorts Digital was the MVP here, responsible for ALL of the Garden State’s sports betting revenue growth. They pulled off a legendary 345% increase, hitting $56.9 million! 🏆💵
Meadowlands, though still pretty solid, fell by 23%, scoring $25.7 million. Borgata’s revenue dropped by 33% to $4.7 million. Tough break, my friends. 😅💔
NOTE: Comment adjusted for some extra flavor!
NEW JERSEY GAMBLING REVENUE COMPARISON: AUGUST 2023 ($)
- Bally’s: 💰 $23,303,040
- Borgata: 💰 $117,989,494
- Caesars: 💰 $22,036,553
- Caesars Interactive NJ: 💰 $6,614,107
- Golden Nugget: 💰 $54,075,808
- Hard Rock: 💰 $59,213,155
- Harrah’s: 💰 $24,497,890
- Ocean Casino: 💰 $44,624,505
- Resorts: 💰 $17,668,969
- Resorts Digital: 💰 $99,217,987
- Tropicana: 💰 $33,026,512
- Freehold Raceway: 💰 $2,276,266
- Meadowlands: 💰 $25,731,335
- Monmouth Park: 💰 $1,325,598
- TOTAL: 💰 $531,601,219
But wait, there’s more! iGaming in the Garden State also flexed with an 18% boost, hitting $155.3 million! Online slots brought in a cool 18% increase to $152.9 million, and online poker joined the party with a 9% uptick at $2.4 million. 🃏🎰
Resorts Digital again led the pack with iGaming, marking a 38% rise to $42.3 million. Golden Nugget and Borgata weren’t too far behind, hitting $40.8 million and $40.2 million, respectively. Bally’s was no slouch either, with an 81% spike, bringing in $8.2 million in August. 😱💵
When it comes to land-based gaming, New Jersey kept it real with a 2% growth, making it rain with $280.3 million. Slot machine revenue hit $210.5 million, a 3% boost, while table gaming held it steady at $69.7 million. 🎲🎉
Borgata took the throne among casino licensees, pulling in 2% more at $73.0 million. Hard Rock wasn’t far behind, with a slick 11% increase to $50.7 million. Ocean Casino joined the party with an 8% bump to $39.5 million, followed by Tropicana at $24.7 million and Harrah’s at $24.5 million. 🎰🏰
New Jersey’s gambling scene threw down some serious cash for the taxman, totaling $53.4 million in August. iGaming chipped in $23.2 million, and land-based gaming added $17.8 million. Online sports betting dropped $12.1 million, while retail betting put in $203,618. Resorts Digital and Borgata carried the tax load, contributing a whopping 47% of the Garden State’s monthly gambling taxes. 💸💼
