The gaming revenue numbers for September 2023 were recently released by the New Jersey Division of Gaming Enforcement. The state has witnessed an overall rise in revenue despite a 2% decline in casino wins from this time last year. Internet gaming wins have increased by 21%, and gross revenue from sports wagering has increased by 13%, for an overall increase in gaming revenue of 8% from September 2022.
With a total income of approximately $107.4 million in September 2023, Borgata emerged as the most profitable of the nine casino hotel enterprises operating in the state. Borgata's September 2022 revenue of $113.5 million represents a 5% decline from this time last year, despite being the largest revenue of the casino hotels in New Jersey.
Hard Rock had the second-highest revenue in New Jersey in September 2023, coming in just shy of Golden Nugget with $58.2 million and $57.9 million, respectively. Hard Rock's revenue has increased by 14% over the same period last year, while Golden Nugget's $57.9 million in revenue has increased by 21%.
With a 33% increase in gaming revenue between September 2022 and September 2023, Ocean Casino experienced the largest percentage gain. The hotel casino is a particularly important hotel casino to monitor in the upcoming months, having generated $44.7m in September 2023 compared to $33.5m at same time last year.
In September 2023, Tropicana and Harrah's earned $33.8 million and $22.5 million, respectively, a 3% decrease in revenue from the same month the previous year. Harrah's, on the other hand, stands out for having one of the greatest recorded revenue growth in the New Jersey casino industry when compared to September 2022—its sports wagering revenue increased by an astounding 454%.
Caesars' revenue for September 2023 was $21.4 million, an 11% decrease from the same month the previous year. This puts it slightly ahead of Bally's, which was the second-lowest earning casino hotel in New Jersey this month with $20.3 million in earnings for September 2023, down 1% from September 2022.
With $15 million in income, resorts had the lowest amount. This poor monthly earning, which is 12% less than it was at this time last year, can be partially attributed to the low revenue from sports betting, which was down 81% from September 2022 to $43,400.
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