Everyone talks about growth. New Jersey publishes the receipts. When a regulated online casino market puts its numbers on the table every month, you can see what works and...
iGaming drives New Jersey’s $6.3B gaming revenue in 2024
New Jersey’s gaming revenue hit $6.3 billion in 2024, up 9% from the previous year, driven by iGaming growth.
The New Jersey Division of Gaming Enforcement reported that iGaming revenue reached $2.38 billion in 2024, up 24% from 2023, adding $463.4 million. Sports betting also , generating $1.094 billion, an 8.7% increase from $1.01 billion in 2023.
However, December saw sportsbook revenue drop 43% year-over-year to $62.8 million, as many bettors profited from the Eagles’ strong run. Atlantic City’s physical casinos faced challenges in 2024, with the nine properties reporting $2.81 billion in revenue from slots and table games, a $30.4 million drop (1.1%) from the previous year.
James Plousis, chairman of the New Jersey Casino Control Commission, noted that 2024 marked the second-highest revenue year since 2013. He also highlighted $602.6 million in state taxes that support seniors and disabled residents.
Slot machine income in Atlantic City declined slightly to $2.1 billion, a 0.7% fall, while table game revenue fell 2% to $731.4 million. Borgata maintained its dominance, posting $738.1 million in in-person revenue, a 1.2% increase from the previous year. Hard Rock followed with $544.9 million, a 6% gain, while Ocean came in third with $409.7 million, a 1.3% decrease.
Harrah’s experienced the greatest reduction, with revenue dropping 12% to $223.8 million.Bally’s reported a 6% dip to $145.4 million, while Caesars and Tropicana had 5% drops, earning $218.4 million and $228 million, respectively. Resorts Casino Hotel saw a 1% decline to $161.9 million. Golden Nugget was a bright spot, up 0.7% to $147.1 million.
iGaming generated $228 million in revenue in December 2024 alone, a 26.5% increase from the same month in 2023.
Lawmakers in New Jersey and Vermont have introduced measures to limit and ban specific types of event contracts in an effort to tighten control over prediction markets.On...
