iGaming revenue in New Jersey hits new record, exceeds $200m for first time
Casino win decreased in September from the prior year period, but sports wagering gross revenue and total gaming revenue both increased.
Key Points
- Internet gaming win totaled $208.1m for September 2024, while total gaming revenue in the state was reported to be $558.3m
- Year-to-date revenue for all gaming was $4.72bn, reflecting a 7.1% increase from the prior year period
The New Jersey Division of Gaming Enforcement has released the state’s gaming revenue figures for the month of September, showcasing a new record high for iGaming. For the first time in the state’s history, internet gaming win surpassed $200m for a total of $208.1m, a 27.1% increase from the prior year period, while total iGaming revenue in 2024 was reported to be $1.73bn.
While there are six other states that are permitted to operate online casinos, only Michigan has ever exceeded the $200m revenue amount with its $215.5m performance in March of 2024.
Casino win in New Jersey did show a decrease, however, as the Division of Gaming Enforcement reported a revenue of $230.6m from the sector, 6.5% less than what was reported in the prior year period. Year-to-date revenue saw a smaller decrease from what had been reported at this time in 2023, only dropping 0.9% to $2.15bn.
Sports wagering revenue also saw an increase for September revenue, reporting $119.6m in gross revenue and a 7.6% increase from September 2023. Reported by casinos, racetracks and partners of the respective properties, year-to-date sports wagering gross revenue was $835.4m, a 17.8% increase from the prior period.
Total gaming revenue for September 2024 was reported to be $558.3m, a 7.1% increase from the Division of Gaming Enforcement reported during the prior year period. Like its monthly counterpart, year-to-date gaming revenue in New Jersey also increased from the prior period, growing by 10.1% for a total of $4.72bn.
Good to know: PlayStar announced a new partnership deal with the New Jersey Devils professional hockey team, as well as its home arena, the Prudential Center in Newark
Slot machine and table game win both decreased from the prior year period, dropping 5.2% and 10.1% respective for September 2024. The Borgata Hotel and Casino was the only property in the state to report an increase in casino win for September 2024, generating just under $62.4m for a 15% increase from the prior year period.
As expected, each property saw an increase in iGaming win, while only Bally’s, Caesars, Hard Rock and Tropicana saw increases in sports betting gross revenue.
$58.5m of the state’s sports wagering handle was generated from retail locations, while just over $1.03bn was reported to be from online wagering.
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