October gambling revenues in New Jersey increased by 9.4%.

The most recent monthly revenue report from the New Jersey Division of Gaming Enforcement indicates a combined gambling revenue of $487.1 million for August. This reflects a 6.6% decline from the prior month's total of $531.6 million but a 9.3% increase from the October 2022 total.

Land-based casinos in New Jersey reported revenues of $228.1 million, marking a 3.4% year-on-year increase and a 7.5% decrease compared to September's total of $246.6 million. In September, iGaming operators in New Jersey reported $166.8 million in combined revenues, up by 1.8% from the previous month and a 13.3% increase compared to October 2022's $147.2 million.

The year-to-date total is $1.57 billion, reflecting a 15.1% increase from the same period in 2022.

 

[CR7]

The monthly revenue report from the New Jersey Division of Gaming Enforcement provides interesting insights into the state's gambling industry. In August, the combined gambling revenue of $487.1 million represented a 6.6% decline from the previous month's total but a 9.3% increase compared to October 2022.

Land-based casinos in New Jersey reported revenues of $228.1 million, which is a 3.4% year-on-year increase. However, it is worth noting that there was a 7.5% decrease compared to September's total of $246.6 million. This could be attributed to various factors, such as seasonal fluctuations or changes in consumer behavior.

On the other hand, iGaming operators in New Jersey reported $166.8 million in combined revenues for September. This figure marks a 1.8% increase from the previous month and a significant 13.3% increase compared to October 2022's revenue of $147.2 million. It is evident that online gambling continues to be a thriving sector within the industry, with consistent growth in recent months.

Considering the year-to-date total of $1.57 billion, there is a notable 15.1% increase from the same period in 2022. This demonstrates the overall growth and resilience of the New Jersey gambling market, despite occasional fluctuations on a month-to-month basis.

In conclusion, the October revenue report showcases a 9.4% increase in gambling revenues in New Jersey. Land-based casinos experienced a slight decrease compared to the previous month, while iGaming operators continued to experience growth. The year-to-date figures suggest a prosperous year for the industry, with a noticeable increase in overall revenues compared to the previous year.