New Jersey reports 8.1% increase in total gaming revenue for March

The New Jersey Division of Gaming Enforcement (NJDGE) has once again reported a month of growth for its total gaming revenue, releasing numbers for the month of March for its casinos, racetracks and their partners. 

In total, gaming revenue in the state was $526.6m for the month of March, representing an increase of 8.1% year-over-year. Year-to-date this means 2024 has seen $1.55bn in total gaming revenue, up 15.7% from the same year-to-date period. 

Casino revenue continued to reflect the largest proportion of gaming revenue at $239.8m, showing growth of 4.9%, with both slot machine and table game revenue increasing. 

Of the three main verticals, sports wagering revenue was the only one to see a decrease during the month, though it was only by a slight 3.6% to $89.7m. 

Of the licensees to offer sports wagering, only six of the 13 showed revenue growth, though Harrah’s showed a significant rise, going up by 1156% to $238,556. 

Online gaming revenue was valued at $197.2m and this was an increase of 19% when compared to the same period last year and looking at the year-to-date period, this is set at $562.8m, a 22% increase compared to the same year-to-date period in 2023. 

It was the Golden Nugget thatbrought in the largest amount of online gaming revenue at $57.1m, but it was the Tropicana that saw the highest growth at 72.2%, to a total of $13.1m. 

The Borgata once again represented the largest total gaming revenue at $106.6m, but this was a 6.1% decrease compared to March 2023. In fact, all three main verticals went down for the casino licensee year-over-year. 

In related news last week, Atlantic City casino licensees reported a 4.1% decline in their full year profit for 2023. 

Ciaran McLoughlin

Editor

Visit Profile

Players trust our reporting due to our commitment to unbiased and professional evaluations of the iGaming sector. We track hundreds of platforms and industry updates daily to ensure our news feed and leaderboards reflect the most recent market shifts. With nearly two decades of experience within iGaming, our team provides a wealth of expert knowledge. This long-standing expertise enables us to deliver thorough, reliable news and guidance to our readers.