Connect with us

Gambling

New Jersey’s igaming, casino revenue trends continue

Published

on

New Jersey’s igaming, casino revenue trends continue

New Jersey’s igaming revenue continued its growth trend compared to the US state’s land-based casino sector in April.



Igaming revenue of US$187.9m in the Garden State was the second highest on record and reflected growth of 18.2 per cent year-on-year.

The latest statistics from the New Jersey Division of Gaming Enforcement mean online gambling revenue has climbed year-on-year in all four months of 2024 so far.

However, land-based casino revenue in April was down by 6.3 per cent in New Jersey, at $216.8m. And while the figure is still trending above the igaming total, revenue in New Jersey’s land-based sector has declined year-on-year in three of the first four months of the year, apart from a 4.9 per cent increase in March to $239.8m.

Sports betting revenue in New Jersey climbed by 46.9 per cent year-on-year to $106.2m, up from $72.3m in April 2023.

Put together, the stats mean that total gaming revenue in the Garden State for April was $510.9m, up 10.4 per cent from April 2023’s $462.7m.

For the year to date, revenue is up 14.4 per cent to $2.06bn.

Continue Reading