Racetracks reported a gaming win of over $400 million in June

Racetracks reported a gaming win of over $400 million in June

New Jersey has nine casino hotel properties that had good results last month.

The financial results for June show that the total revenue for casinos, racetracks and their partners hit $400 million. An increase of 2.2% was observed when compared to the same month a year ago.

The total gaming revenue for the gambling venues until the end of June this year was $2.43 billion. The year-to-date total gaming revenue stopped at $2.11 billion last year. On a year-to-date basis, the total gaming revenue increased by more than 15%.

According to a breakdown provided by the DGE, the total casino win for the nine hotel casino properties last month was $229.1 million, up 6.8% when compared to the $214.5 million in casino win from June 2021. On a year-to-date basis, strong growth was observed. The year-to-date win for the state’s casinos is up 18% when compared to the same period last year.

In June last year, internet gaming win reported by casinos and their partners was $107 million, but in last month’s month it was $131 million. The year-to-date results for internet gaming win increased even more. The year-to-date gaming win for internet operations is up 28.4% when compared to the same period in the previous year.

Sports wagering operations decreased in comparison to the good results. In June, casinos, racetracks and their partners reported $39.2 million in sports wagering gross revenue, a decrease of 44.9% when compared to the same period last year.

The venue with the biggest increase in revenue last month was Bally’s. In June, Bally’s total gaming revenue hit $17.7 million, up 52.2% when compared to the $11.6 million in gaming revenue reported for June 2021.

There was success for Hard Rock last month. In June, the property had a total gaming win of $52.1 million, up 25.2% from the same month last year.

Ocean Casino had a successful month in June. The venue brought in $32.2 million in gaming revenue last month. The total gaming win reported for June of last year was $26.7 million.

Summary:

The New Jersey Division of Gaming Enforcement (DGE) released the financial results for June, showing that the total revenue for casinos, racetracks and their partners hit $401.5 million. When compared to the $392.8 million reported for the same month last year, an increase of 2.2% was observed. Year-to-date total gaming revenue for the gambling venues until the end of June this year hit $2.43 billion.