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Friday, November 8, 2024

New Jersey Division of Gaming Enforcement Announces 2nd Quarter 2024 Total Gaming Revenue Results

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Attorney General Matthew Platkin | Attorney General Matthew Platkin Official website

Casino Net Revenue and Gross Operating Profit:

Based upon filings from the casino licensees made with the Division of Gaming Enforcement, the casino licensees reported 2nd Quarter 2024 Net Revenue of $829.8 million, reflecting a 1.3% increase over the same quarter last year. Casino licensees reported 2nd Quarter 2024 Gross Operating Profit of $178.4 million, a 1.3% decrease compared to 2nd Quarter 2023.

For the first six months of 2024, Net Revenue reached $1.60 billion, increasing 1.5% from the comparable six month period last year. For the first six months of 2024, casino licensees reported Gross Operating Profit of $333.8 million, a 4.9% decrease compared to the same period last year.

Hotel Occupancy:

The hotel occupancy rate in the industry’s casino hotels for the quarter ended June 30, 2024, was 73.3% which is a decrease of 1.1 percentage points compared to the 2nd Quarter of 2023. The occupancy rate for the six months ended June 30, 2024, was 69.1%, a decrease of 0.7 percentage points from the comparable period last year.

Original source can be found here.

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