New Jersey reports November gaming revenue up 0.3% to $441.1M

On December 16, the New Jersey Division of Gaming Enforcement reported total gaming revenue reported by casinos, racetracks, and their partners was $441.1M for November, reflecting a 0.3% increase from $439.6M reported in November 2021. For year-to-date, total gaming revenue reported by casinos, racetracks, and their partners was $4.76B reflecting a 9.8% increase from $4.33B reported in the prior period. Casino Win for the nine casino hotel properties was $214.6M for November, reflecting a 3.7% increase compared to $206.9M for November 2021. Year-to-date casino win for the nine casino hotel properties was $2.57B, reflecting growth of 9.7% compared to $2.34B for the prior period. For the month of November, internet gaming win reported by casinos and their partners was $146.2M, reflecting growth of 23.9% compared to $118M for the prior period. For the year-to-date period, internet gaming win reported by casinos and their partners was $1.51B, reflecting growth of 22.5% compared to $1.23B for the prior year-to-date period. Sports wagering gross revenue reported by casinos, racetracks, and their partners was $80.4M for November, reflecting a 29.9% decrease when compared to $114.8M in the prior period. Sports wagering gross revenue reported by casinos, racetracks, and their partners was $675.3M for the year-to-date, reflecting a 10.8% decline when compared to $756.7M for 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).