The New Jersey Division of Gaming Enforcement has released the total gaming revenue results for the first quarter of 2025. According to filings from casino licensees, net revenue for this period was reported at $730.3 million. This figure represents a 5.1% decline compared to the same quarter in the previous year.
Additionally, casino licensees recorded a gross operating profit of $132.0 million for the first quarter of 2025, marking a 15.1% decrease from the first quarter of 2024.
It is important to note that information regarding net revenue and gross operating profit related to internet gaming and sports wagering is detailed in the footnotes of the Quarterly Financial Report. For valid comparisons, these details must be considered.
The hotel occupancy rate in casino hotels for the quarter ending March 31, 2025, was reported at 62.9%. This reflects a decrease of 1.9 percentage points compared to the same period in 2024.
