New Jersey Sports Betting and iGaming Set All-Time Records in 2024 66rp
New Jersey’s gambling sector set several all-time records in 2024, reporting total revenues of $6.30 billion — a 9% increase from the previous record of $5.78 billion set in 2023. 1w4336
New Jersey 37472b
December Totals 6q2av
According to the NJDGE’s monthly release:
Casino Win: Casino revenues for December 2024 were $231.8 million, reflecting a slight decrease of 0.3% compared to the same month in 2023.
Internet Gaming Win: Internet gaming revenue saw significant growth in December 2024, reaching $228.0 million. This represents a 26.5% increase compared to December 2023.
Sports Wagering Gross Revenue: Sports betting generated $62.8 million in revenue during December 2024, a sharp 42.6% drop compared to December 2023. This was primarily due to customer-friendly results across the month.
Internet Gaming Surges in 2024 234j23
The most significant growth was seen in the internet gaming (iGaming) sector, which reported revenues of $2.39 billion—a 24% rise compared to 2023. This surge puts iGaming just behind the land-based casino market, which reported $2.82 billion in revenues. Notably, in recent months, iGaming has sured physical casinos in monthly revenue from time to time.
Sports Betting Sets New Records 273z3a
Sports wagering also experienced substantial growth, with revenues reaching $1.09 billion, an 8.7% increase from the previous year. The total amount wagered on sports hit an all-time high of $12.77 billion, reflecting a 6.7% uptick. This includes $12.27 billion in online bets and $499.2 million from retail locations.
Land-Based Casinos Report Slight Decline 5l5d3i
Despite the overall industry growth, New Jersey’s nine land-based casinos saw a slight decline in revenues, reporting $2.82 billion. This marks a 1.1% decrease from 2023. This was just over $400 million more than the revenue total for online casinos.
Key 2024 Months 41351y
January 2024: The year commenced with total gaming revenues of $559.1 million, marking a 28% increase from January 2023. This surge was driven by a 19.9% growth in internet gaming and a 136.1% rise in sports wagering revenues.
November 2024: The upward trend continued with internet gambling revenues exceeding $214 million, setting another monthly record. Total gaming revenue for the month was $556.9 million, a 15.4% increase from November 2023.
October 2024: Internet gaming revenues reached a record $213.6 million, suring the previous high set in September. However, in-person casino winnings declined by 8.5% compared to October 2023, highlighting the growing preference for online gambling.
Source: casinoinside-ro.casinowinning.net
