New Jersey sees online growth for April, though land-based revenue falls

The state of New Jersey has posted its gaming revenue report for April 2023， showing a 10% increase in total revenue annually – adding up to $462.7m.

The month saw sports wagering revenue soar by 44%， totalling $72.3m against 2022’s $50.3m. Meanwhile， the state’s internet gaming win also saw a steady increase， up 16% to $158.9m.

In sheer online terms， New Jersey performed well; however， it is a different story for land-based revenue， which decreased by 2%. Slots were primarily the cause of this， as the practice fell by 3% – decreasing by $5.5m annually.

So far for the year， New Jersey’s revenue is 12% up on the first four months of 2022， with sports wagering revenue up 41% – totalling $292.2m，Play Casino Online a difference of $84.4m.

New Jersey sports betting

In the first four months of the year， every sector of New Jersey’s gaming figures has grown， with the aforementioned slots up 5%， even with the state’s overall land-based casino win percentage.

With online sports betting growing at a substantial rate， five years after PASPA was overturned by the Supreme Court， the biggest rise in sports wagering win within the vertical comes from parlays， which totalled $171.2m， 19% higher than in 2022. Basketball came in second， with a total of $56.2m – though it saw the least growth against other sports at 3%.

The graph below shows a breakdown of the year-to-date sports wagering win.