New Jersey Casinos Win $531m in August

New Jersey gaming operators continue to have stellar months regarding revenue earnings. Sports
betting, poker, in-person casino gaming, and iGaming have all created high numbers for 2023, with
August totals coming in hot. According to online-casinos-nj.com, the month generated $531 million in
total from gambling, with the state almost setting a new monthly record.

August 2023 Gambling Earning Details

The New Jersey Division of Gaming Enforcement has revealed the August earnings, showcasing over
$530 million in total. This is an amazing feat and brings in around 2.3% more than August of last year.
From that number, land-based casinos could generate $280.2 million, the bulk of the earnings.

The land-based earnings are an important part of the overall total as they are the only amount casinos
do not have to share. Regarding online or sports betting earnings, the land-based property must split
profits with others, such as third-party vendors or software providers.

Of the nine casinos in Atlantic City, only three could see pre-pandemic totals for the month. Borgata,
Hard Rock, and Ocean Casino successfully earned enough revenues to reach their pre-COVID-19
numbers.

What about sports betting? The month of August is a bit slow for bettors as football season has not
started yet, and punters are anxious to get the ball rolling with NCAA and NFL bets. Surprisingly, around
$725 million in sports bets were placed for the month. This generated $96 million in earnings.

Most sports bet revenues went to the Meadowlands, with just over $25 million earned. Next up was
Freehold Raceway, which earned $2.2 million. Rounding out the list was Monmouth Park at $1.3 million.
The overall monthly totals are expected to be much higher in September.

Football begins in September, bringing in a slew of sports fans. The 2023 season started with a bang, and
players have been logging in to top online sports betting sites weekly to place their wagers.

Individual Operator Totals

What about individual casino earnings? Who came out on top? Hard Rock Casino had a great month,
bringing in more than $59 million. This was almost 10% more than 2022 earnings. The Golden Nugget
brought in $54 million, jumping more than 21% from the previous year. Ocean Casino also saw a nice
increase of 11%, with just over $44 million in earnings.

Bally’s was up, too, bringing in $23.3 million, a 15.4% increase. However, that was it for yearly increase
boosts. The remaining casinos were able to earn solid revenues but did not meet 2022’s totals. Borgata
brought in almost $118 million in revenues but dropped 2.3%. Tropicana was down to $33 million, a 6%
decrease, while Harrah’s dipped 2.4% with $24.5 million.

Caesars with $22 million and Resorts with $17.6 million in earnings for August, rounding out the list.
Both casinos decreased by just under 1% and 5.6%, respectively.

Online gaming saw mixed results, with Resorts Digital at $99 million for August, a 128% increase.
Caesars Interactive Entertainment NJ unfortunately dropped 25% with $6.6 million in earnings.