New Jersey Gaming Revenue Sets Yearly Record

New Jersey set a new record for gambling revenue in 2022, with casinos, sportsbooks, and horseracing tracks generating $5.5 billion in revenue.

The total was up 10% from the $4.74 billion that was generated in 2021. The nine casinos in Atlantic City were $2.79 billion, up 9% from the year prior. Online gambling revenues were $1.66 billion, up 21.6%, while sportsbetting revenues were down 6.5% to $763 million.

The Borgata Hotel Casino was once again the state's top-performing casino with $1.3 billion in revenue across all verticals, up 18.2%. The Golden Nugget was next at $581 million, up 10.2%. The Hard Rock Hotel & Casino Atlantic City was up 12.7% to $576 million, while Ocean Casino Resort was up 13.6% to $389 million.

Casinos in the state paid taxes of $526 million, with nearly half of the total paid being generated from online gambling.

The record-setting revenues were helped by a very successful month of December, which saw revenues rise 12.5% from 2021 to $454 million.