{"id":1584911,"date":"2024-06-17T10:49:03","date_gmt":"2024-06-17T14:49:03","guid":{"rendered":"https:\/\/www.sportscasting.com\/?p=1584911"},"modified":"2024-06-17T10:49:03","modified_gmt":"2024-06-17T14:49:03","slug":"new-jersey-casino-sports-betting-revenue-nearly-510m-in-may","status":"publish","type":"post","link":"https:\/\/www.sportscasting.com\/news\/new-jersey-casino-sports-betting-revenue-nearly-510m-in-may\/","title":{"rendered":"New Jersey Casino, Sports Betting Revenue Nearly $510M In May"},"content":{"rendered":"<p>Casino and sports betting revenue in New Jersey reached nearly $510 million in May 2024, an 8.5% increase over May 2023, according to figures released Friday by the state&#8217;s <a href=\"https:\/\/www.nj.gov\/oag\/ge\/docs\/Financials\/PressRelease2024\/May2024.pdf\">Division of Gaming Enforcement (DGE)<\/a>.<\/p>\n<h2>New Jersey casino operators won nearly $223 million from in-person gamblers, a 5.2% increase from a year earlier<\/h2>\n<p><a href=\"https:\/\/www.sportscasting.com\/betting-sites\/\">Online wagering<\/a> continued its dominance in May, falling just shy of the record it set in March. New Jersey&#8217;s\u00a0nine casinos won nearly $223 million from in-person gamblers, an increase of 5.2% from a year earlier.<\/p>\n<p>According to the DGE&#8217;s report, Internet Gaming Win reported by casinos and their partners was $192.1 million. It reflects 19% growth compared to $161.4 million reported in May 2023.<\/p>\n<p>For the year-to-date period, Internet Gaming Win reported by casinos and their partners was $942.8 million. That also reflects growth of 20.6% when compared to $781.5 million for the prior year-to-date period.<\/p>\n<p>\u201cMay provided a promising start for the summer season, and positive momentum has been building,\u201d James Plousis, chairman of the New Jersey Casino Control Commission said in a statement.<\/p>\n<p>Only three casinos \u2014 Borgata, Ocean and Hard Rock \u2014 won more from in-person gamblers last month than the operators did in May 2019.<\/p>\n<p>As for in-person winnings, Borgata won $61.4 million, up 1.5% from a year earlier. Hard Rock won nearly $50 million, up 28.6%, and Ocean won nearly $32 million, up 7.5%.<\/p>\n<p>Tropicana won $20.1 million, down 7%; Harrah\u2019s won $18.2 million, down 4.2%; Caesars won nearly $18 million, down 2%; Resorts won $13.6 million, up 1.2%; Golden Nugget won $13.5 million, up 7.1%; and Bally\u2019s won $12.4 million, down 5.8%.<\/p>\n<h2>Resorts Digital was the most profitable online sports wagering operator with $22 million<\/h2>\n<p>When revenue from sports betting and online casino gambling are included, Borgata won almost $111 million, down 0.3%; Golden Nugget won $68.1 million, up 21.2%; Hard Rock won nearly $64 million, up 32.6%; and Tropicana won $39.3 million, up 16.5%.<\/p>\n<p>Ocean won $39.1 million, up 16.5%; Bally\u2019s won $23 million, up 14.3%; Harrah\u2019s won $19.8 million, up nearly 4%; Caesars won $17.5 million, down nearly 5%; and Resorts won $13.5 million, down 0.4%.<\/p>\n<p>While Resorts Digital won $71.3 million, up 17.6%, Caesars Interactive Entertainment NJ won just $332,123. That&#8217;s a 96% drop. The casinos and horse tracks accepted $839 million worth of wagers in May. Of that amount, $78.7 million was kept as revenue after winning bets were paid out.<\/p>\n<p>Resorts Digital leads all other operators in 2024 sports betting revenue with $22 million. However, Borgata tops the list for total gaming revenue with $110.9 million. Resorts Digital is second with $71.3 million as well.<\/p>\n<p>Furthermore, New Jersey&#8217;s three racetrack licensees are Freehold Raceway, Meadowlands, and Monmouth Park. The casinos and tracks have collected over $6 billion in bets so far this year. About $513 million of that amount has been retained as revenue.<\/p>\n<p>Mobile wagering generated $192 million in May for the Garden State. Last month&#8217;s performance was up 19% from a year earlier, and it fell just below the record of $197 million set in March.<\/p>\n<p>According to the year-to-date total handle statistics, retail sports wagering has generated a monthly handle of $37.4 million. Internet sports wagering in New Jersey has posted a whopping monthly handle of $801.4 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Casino and sports betting revenue in New Jersey reached nearly $510 million in May 2024, an 8.5% increase over May 2023, according to figures released Friday by the state&#8217;s Division of Gaming Enforcement (DGE). New Jersey casino operators won nearly $223 million from in-person gamblers, a 5.2% increase from a year earlier Online wagering continued [&hellip;]<\/p>\n","protected":false},"author":305,"featured_media":1584922,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[447316],"tags":[447423,447424,447426],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.3 (Yoast SEO v22.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New Jersey Casino, Sports Betting Revenue Nearly $510M In May<\/title>\n<meta name=\"description\" content=\"Casino and sports betting revenue in New Jersey reached nearly $510 million in May 2024, an 8.5% increase over May 2023, according to the...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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