New Jersey reports February gaming revenue $412.2M, up 10.4%

New Jersey Division of Gaming Enforcement announced February total gaming revenue results. Based upon filings with the Division of Gaming Enforcement, casino win for the nine casino hotel properties was $215M for February, reflecting a 1.2% increase compared to $212.4M for February 2022. Year-to-date casino win for the nine casino hotel properties was $426.6M, reflecting growth of 7.7% compared to $396.1M for the prior period. For the month of February, internet gaming win reported by casinos and their partners was $142.6M, reflecting growth of 9.7% compared to $130M for the prior period. For the year-to-date period, internet gaming win reported by casinos and their partners was $295.5M, reflecting growth of 10.3% compared to $267.8M for the prior year-to-date period. Sports wagering gross revenue reported by casinos, racetracks, and their partners was $54.6M for February, reflecting a 76.9% increase when compared to $30.9M in the prior period. Sports wagering gross revenue reported by casinos, racetracks, and their partners was $127M for the year-to-date, reflecting a 39.4% increase when compared to $91.1M for the prior period. Total gaming revenue reported by casinos, racetracks, and their partners was $412.2M for February, reflecting a 10.4% increase from $373.3M reported in February 2022. For year-to-date, total gaming revenue reported by casinos, racetracks, and their partners was $849.1M reflecting a 12.5% increase from $755M reported in the prior period. Publicly traded companies in the space include Boyd Gaming (BYD), Caesars (CZR), Churchill Downs (CHDN), DraftKings (DKNG), Flutter Entertainment (PDYPY), Gan Limited (GAN), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn Entertainment (PENN), William Hill (WIMHY) and Wynn Resorts (WYNN).