The New Jersey casino industry turned in another winning month despite ongoing inflation in the U.S.
According to figures from the New Jersey Division of Gaming Enforcement, total gaming revenue reported by casinos, racetracks, and their respective partners was $373.3 million for February 2022. The performance was a 29.5% increase from $288.3 million reported in February 2021.
Through the first two months of this year, total gaming revenue was $755 million, up 19% year-over-year from $634.4 million.
The nine retail casinos in Atlantic City reported $212.4 million in winnings for February 2022, up 43.3% compared to $148.2 million for February 2021. Year-to-date winnings were $396.1 million, up 28.5% year-over-year compared to $308.3 million.
For the month of February, internet gaming win reported by casinos and their partners was $130 million, reflecting growth of 38.6% compared to $93.8 million for the prior period.
Through the first two months of 2022, internet gaming win was $267.8 million, up 35.6% compared to $197.6 million for the same period a year ago.
Sports wagering gross revenue was $30.9 million for February 2022, reflecting a 33.2% decline when compared to $46.2 million in February 2021.
The sports betting figure was $91.1 million through the first two months of this year, reflecting a 29.2% decline when compared to $128.6 million in the same period a year prior.