New Jersey Gambling Revenue Jumps 10.4% in Feburary

The New Jersey Division of Gaming Enforcement has announced that the Garden State's gambling industry saw revenues jump 10.4% in February, with nearly all areas seeing growth.

Revenues were $412.2 million, up from $373.3 million in 2022, although these numbers were down 5.7% from the month prior. Slot revenues were $159.3 million, up 3.5% from 2022. Table games didn't fare as well, as revenues dropped 4.9% to $55.6 million.

Online gambling revenues continued to rise, going up 9.7% to $142.6 million, with online slot revenues hitting $140.3 million. Poker rake revenues were up 2.5% to $2.3 million.

Sportsbetting revenues were up 76.9% to $54.6 million, despite handle falling 14% to $847.4 million. $801.4 million of the handle total was online, while $46 million was bet at retail books.

The top-performing casino was Borgata with $39.7 million in revenue, while Golden Nugget was next at $36.5 million. Meadowlands was the top-performing sportsbook through its FanDuel skin, with $32.1 million in revenue. Resorts Digital through DraftKings was next at $12.3 million.

New Jersey was the first major state to jump onto the online betting market, and was also responsible for the push to legalize sportsbetting on a national level.