New Jersey Gambling Regulator to Change Revenue Reporting Methodology

The regulation of gambling activities, including licensing, monitoring of the market and releasing monthly and yearly financial reports for licensees in New Jersey is in the hands of the regulator in the state, the Division of Gaming Enforcement (DGE). Currently, the gambling regulator discloses monthly data regarding the reported proceeds from iGaming, casino and sports wagering operators.

This overview provides valuable insights into the revenue reported for the past month while disclosing a year-over-year and year-to-date comparison. The DGE’s monthly statistics data provides a breakdown for casino win, including table and slot games, as well as iGaming activities and sports betting revenue.

A breakdown for each operating segment per operator is also provided. However, the details per operator are summarized as they include information for specific licensees, rather than individual skins. With that in mind, a newly planned change seeks to tweak the way monthly revenue is reported, a new report suggests.

As announced by PlayNJ, the DGE is going to implement changes to its monthly reports. The changes seek to bring more transparency, providing details regarding the revenue reported by each individual skin. This transition from a license holder revenue reporting to individual skin revenue will shed light on the performance of each iGaming and sports betting operator, finally revealing who holds a leadership position in the market.

The DGE explained: β€œBy providing more detailed, skin-level revenue information, stakeholders and the public will have a clearer understanding of the performance of individual iGaming and sports wagering operators.” The aforementioned change will be implemented starting from April 16, which will mark the release of the financial data for March. Still, the gambling regulator added that it will also release the reports for January and February, including this β€œenhanced level of detail.”

DGE Recently Released Revenue Details for February

Back in March, the New Jersey Attorney General, Matthew J. Platkin, announced the launch of a responsible gaming awareness campaign. The initiative was announced during March, the Problem Gambling Awareness Month. The new initiative seeks to help raise awareness of problem gambling, reduce gambling harm and dedicate more resources to responsible gaming.

Earlier in March, the DGE confirmed that casinos, racetracks and their partners posted $461.5 million in total gaming revenue for February. This result, represented a 12% increase when compared to the February 2023 figure which was $412.2 million.

Year-to-date revenue also marked an uptick. According to the DGE report, year-to-date gaming revenue hit $1.02 billion, a result that represented a solid 20.2% increase year-over-year.