In July, AC Casinos’ Retail Gaming Revenue Increased to $299 million
According to statistics from the New Jersey Division of Gaming Enforcement released on Aug 16, 2022, Garden State casinos fought the heat in epic style during July, achieving their biggest monthly revenue total in more than eight years.
The revenue generated by brick-and-mortar casinos in January 2014, the earliest month for which data is available on the state website, matched the $299 million generated in July ’22. This was the largest monthly total revenue for any month after it. Since then, the previous peak was $294.4 million in August 2014, and the next peak was $286.5 million in August 2019. The figure for the previous month was up 8% from last July’s $276.9 million and up 30.5% over June’s total of $229.1 million.
Despite New Jersey’s three major gambling disciplines going through a decline of 16% to approximately $531.9 million — the lowest amount since the $494.8 million in February 2020 before the COVID-19 pandemic — sports wagering income was $45 million, a 14.7% up from June.
The amount of money spent on online casino games increased more slowly from June to $136.7 million, or 2.7%, marking the seventh time in the past eight months that this number has been reached. This is a 15.2% increase from the $118.7 million in revenue in July 2021. The total gaming revenue of $480.7 million was 6.7% higher than the same period last year and 19.7% higher than June’s total of $450.6 million.
iGaming contributed $20.5 million of the state’s $46 million in tax revenue, and brick-and-mortar casinos contributed about $19.6 million. Throughout the year, the state treasury has received close to $293 million in taxes, with iGaming being the largest levy contributor with $142.8 million. Borgata, Caesars and Golden Nugget are some of the best NJ online casinos with the biggest contributions to the state’s gambling tax revenue.
