NJ Online Casinos revealed record in gross gaming revenue in May

May marks the third month with the NJDGE reporting on a breakdown of online casino win by operator. And while the casinos’ core business — money won from in-person gamblers — collectively surpassed the pre-pandemic total of May 2019, before the COVID-19 outbreak, only three of the nine casinos won more from in-person gamblers last month than they did in May 2019.

“May provided a promising start for the summer season, and positive momentum has been building,” James Plousis, chairman of the New Jersey Casino Control Commission said in a statement. “Consumer interest has been strong, driven by must-see unique investments recently made in the casino hotels.”

May online casino revenue reported by NJ operators and their partners was $192.1 million. This figure represents a 19.0% year-over-year growth compared to the $161.4 million reported in May last year. It is also a 2.2% increase from the $187.9 million NJ online casino win for April 2024.

Casino Win:
Based upon filings with the Division of Gaming Enforcement, Casino Win for the nine casino hotel properties was $239.1 million for May 2024, reflecting an increase of 5.2% when compared to $227.3 million reported in May 2023. Year-to-date Casino Win for the nine casino hotel properties was $1.11 billion, which is essentially flat compared to the year-to-date casino win for May 2023. The Monthly Gross Revenue Reports are posted on the Division’s website at https://www.njoag.gov/about/divisions-and-offices/division-of-gaming-enforcement-home/financial-and-statistical-information/monthly-gross-revenue-reports/

Internet Gaming Win:
For the month of May 2024, Internet Gaming Win reported by casinos and their partners was $192.1 million, reflecting growth of 19.0% when compared to $161.4 million reported in May 2023. For the year-to-date period, Internet Gaming Win reported by casinos and their partners was $942.8 million, reflecting growth of 20.6% when compared to $781.5 million for the prior year-to-date period. The Monthly Internet Gross Revenue Reports for May 2024 are posted on the Division’s website at https://www.njoag.gov/about/divisions-and-offices/division-of-gaming-enforcement-home/financial-and-statistical-information/monthly-internet-gross-revenue-reports/

Sports Wagering Gross Revenue:
Sports Wagering Gross Revenue reported by casinos, racetracks, and their partners was $78.8 million for May 2024, reflecting a 4.2% decrease when compared to $82.2 million reported in May 2023. Sports Wagering Gross Revenue reported by casinos, racetracks, and their partners was $513.0 million for the year-to-date period, reflecting a 37.0% increase when compared to $374.5 million reported in the prior year-to-date period. The Monthly Sports Wagering Revenue Tax Returns for May 2024 are posted on the Division’s website at https://www.njoag.gov/about/divisions-and-offices/division-of-gaming-enforcement-home/financial-and-statistical-information/monthly-sports-wagering-revenue-reports/

Total Gaming Revenue:
Total Gaming Revenue reported by casinos, racetracks, and their partners was $510.0 million for May 2024, reflecting an 8.3% increase from $470.9 million reported in May 2023. For year-to-date, Total Gaming Revenue reported by casinos, racetracks, and their partners was $2.57 billion, reflecting a 13.1% increase from $2.27 billion reported in the prior year-to-date period.

New Jersey’s online casino revenue remains high

New Jersey’s May online casino revenue is the state’s second highest since the beginning of the year, right after March. Here’s a bigger picture:

• NJ January 2024 online casino revenue: $183,281,386
• NJ February 2024 online casino win: $182,334,796
• NJ March 2024 online casino revenue: $197,195,071
• NJ April 2024 online casino win: $187,879,067
• NJ May 2024 online casino revenue: $192,072,857