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New Jersey Online Casinos Report Record Win in November

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Posted on: December 15, 2023, 04:49h. 

Final up to date on: December 15, 2023, 09:54h.

New Jersey on-line casinos skilled their greatest month ever in November, as gross gaming income (GGR) from the interactive slots and desk video games totaled $171.5 million.

New Jersey Atlantic City casino revenue
A gambler performs a slot machine on Nov. 21, 2023, at Harrah’s in Atlantic Metropolis. New Jersey gaming income from casinos, iGaming, and sports activities betting totaled $482.4 million in November. (Picture: AP)

Immediately, the New Jersey Division of Gaming Enforcement revealed November numbers for iGaming, sports activities betting, and retail play down the shore on the 9 Atlantic Metropolis casinos. The month-to-month report was headlined by the document win on-line.

On-line slots and tables received $169.5 million, and poker rake from web video games was barely greater than $2 million. The web win represented a 17% bonus in November 2022 when on-line GGR totaled $146.1 million.

Web gaming continues to develop within the Backyard State. With a month remaining, iGaming’s GGR of $1.74 billion already exceeds the quantity the net platforms received from gamers in all of 2022.

Golden Nugget’s on-line on line casino led the best way in November with a GGR of $50.1 million. Resorts was second at $47.2 million, and Borgata was third at $37.9 million.

On line casino Win Flat

Final month, Atlantic Metropolis on line casino income totaled roughly $214.9 million, a nominal 0.2% improve.

November was flat year-over-year due to poor desk recreation wins. The felt received $54 million — down 6.5%. Slots on the 9 on line casino flooring grew income by virtually 3% to $160.9 million.

By way of 11 months, Atlantic Metropolis on line casino income totals over $2.6 billion. That’s a 1.8% premium on the identical interval final 12 months and virtually 6% richer than pre-pandemic January via November 2019.

Although the casinos declare increased overhead prices are consuming into the 5.5% GGR improve from 2019, a speaking level for the business in its protection of efforts to eradicate smoking, the positive factors seemingly recommend that iGaming’s progress isn’t poaching play from the resorts.

Somewhat than diminishing the brick-and-mortar gaming revenues, web gaming and sports activities betting appear to be well-received shopper merchandise which might be filling a distinct segment for sure gamblers,” stated Jane Bokunewicz, director of the Lloyd D. Levenson Institute of Gaming, Hospitality, and Tourism (LIGHT) at Stockton College. “There’ll by no means be a substitute for the in-person gaming expertise, and the present comparatively flat revenues from brick-and-mortar gaming could also be merely proof of a secure market.”

Atlantic Metropolis’s November win was its second-best November in 10 years. 12 months-to-date, Atlantic Metropolis on line casino wins are at their highest stage since 2013.

Borgata, lengthy the on line casino chief in Atlantic Metropolis, was once more the top-grossing property with a November GGR of $51.6 million from its bodily slots and tables. Arduous Rock was second at $41.4 million, and Ocean was third at $31.4 million.

Document Sports activities Bets

New Jersey oddsmakers took document motion in November, as deal with — or the full cash wagered — topped $1.62 billion. 12 months thus far, the books have dealt with over $10.68 billion in sports activities bets.

Bettors misplaced practically $95.9 million in November — 19% greater than they misplaced in November 2022.

The FanDuel Sportsbook on the Meadowlands racetrack in North Jersey continued its dominance on the state sports activities betting market. The retail and on-line sportsbook received $57.6 million in November. By way of 11 months, FanDuel has received about $432.5 million, 48% of the $897.1 million sportsbooks have received this 12 months statewide.

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