New Jersey Gaming Recorded Its Strongest November in 11 Years

The New Jersey Division of Gaming Enforcement (DGE) published a report about the performance of the nine Atlantic City casinos in November. As it turns out, the local casinos have recorded growth after two months of declines. In the meantime, iGaming and sports betting continued to excel.

The Casinos Were on the Rise

In November, Atlantic City’s casinos won $223.9 million, marking a 4% increase year-in-year. The month was favorable for five of the nine casinos, which reported an increase in revenue from November 2023.

Borgata got the best of it, recording an 11% growth in gross gaming revenue to $57.5 million. Hard Rock Atlantic City, on the other hand, reported revenue of $44.3 million, up 7% year-on-year. Ocean took the third sport with $34 million in GGR for November, representing an increase of 8% year-on-year.

The other two properties to report an increase in GGR were Resorts Casino Hotel and Golden Nugget, whose revenues increased by 12% and 7% to $14 million and $11.7 million respectively.

The remaining four properties, namely Bally’s, Caesars, Harrah’s and Tropicana saw their revenues decrease.

The overall increase was attributed to November’s five Saturdays.

Digital Gaming Continued to Go from Strength to Strength

In the meantime, New Jersey’s online casino and sports betting markets remained strong. GGR from online slots and table games continued to soar, reaching $214 million in November. This figure represented a significant 25% increase year-on-year and marked the fourth quarter of consecutive growth and the third quarter in a row in which the iGaming win exceeded $200 million.

In the meantime, sportsbooks’ revenue increased by 24% as the online sports betting operators kept $119 million of the total $1.22 billion handle.

According to DGE chair James Plousis, the strong overall performance led to the “highest November result in 11 years.” He lauded the continued growth of the digital gaming and sports betting sector, attributing the significant milestone to their continued growth.

In terms of year-to-date, the New Jersey GGR has exceeded $5 billion, marking the second year in a row, in which the YTD revenue in November has surpassed this figure.