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

LEGAL NEWSLINE

Thursday, November 21, 2024

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

Matthew

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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