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New Jersey Reports 19% Increase in Gambling Revenue for November

New Jersey Reports 19% Increase in Gambling Revenue for November

The New Jersey Division of Gaming Enforcement has released the gaming revenue figures for November 2023. According to the documentation, the combined revenue from the nine open hotel-casinos in the state amounted to $214.9 million for the month and reached $2.62 billion for the year. This reflects a growth rate of 1.8% when compared to the corresponding period in the previous year.

In November, gross revenue generated from sports betting, casinos, racetracks, and their associated partners reached $95.9 million, marking a substantial increase of 19.2% from November 2022 when the industry in New Jersey recorded earnings of only $897.2 million.

The overall total revenue for November was $482.4 million, indicating a notable surge of 9.4% from the $441.1 million reported in November 2022.

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Finance
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