June 17, 2021 2 min read

New Jersey Gaming Revenue Increases in May, Says Report

A new report released by the gaming regulator in New Jersey reveals that gaming revenue in May reached $374.2 million. This represents an increase of 290.4% when compared to the same period last year.

NJ Regulator Reveals Gaming Revenue Report for May 2021

A new report released by the Division of Gaming Enforcement in New Jersey reveals that gaming revenue in the state increased significantly last month. The gaming revenue total in May reached $374.2 million, which represents an increase of more than 6% when compared to April. However, a year-on-year comparison for the same period reveals that revenue jumped 290.4% from $95.9 million in May 2020.

Upon releasing the report, the regulator acknowledged that the closures and restrictions related to COVID-19 last year undoubtedly had an impact on the revenue. Furthermore, the regulator noted that although some restrictions were lifted, Atlantic City casino properties are still operating under COVID-related restrictions since July 2020.

Focusing on the bigger picture, for the first five months, the total gaming revenue hit $1.72 billion this year. This represents an increase of 85%, considering that for the first five months in 2020, revenue halted at $929.7 million.

Further breakdown of the revenue in May 2021 shows us that internet gaming revenue was $108.2 million. This represents an increase of 25.9% from the $85.9 million in revenue, which internet gaming operations accumulated for the same period last year. In May 2021, sports wagering gross revenue hit $52.9 million, while casino revenue reached $213.1 million.

Operators’ Revenue Increases in May

Focusing on operators’ revenue, we see that Borgata made the highest internet gaming revenue reaching $32.8 million in May. Golden Nugget Online Gaming came in second in terms of online gaming revenue reaching $31.1 million last month. Next in line was Resorts Digital with $21.6 million in iGaming revenue, followed by Caesars Interactive with $9.2 million.

Resorts Digital was leading in terms of sports wagering revenue generated in May this year. The operator recorded $9.5 million in sports wagering revenue, followed by Borgata which indicated $3.8 million in sports betting revenue. Next in line was Ocean Casino, which hit $1.3 million in sports wagering revenue, followed by Hard Rock with $0.5 million.

Journalist

Jerome is a welcome new addition to the Gambling News team, bringing years of journalistic experience within the iGaming sector. His interest in the industry begun after he graduated from college where he played in regular local poker tournaments which eventually lead to exposure towards the growing popularity of online poker and casino rooms. Jerome now puts all the knowledge he's accrued to fuel his passion for journalism, providing our team with the latest scoops online.

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