New Jersey February gaming revenue up 12% to $461.5m
New Jersey's overall gambling revenue rose in February 2024, driven by growth in online gaming and sports betting, despite a slight dip in casino win.
The New Jersey Division of Gaming Enforcement has released its gaming revenue figures for February 2024, offering insights into the state’s gambling industry compared to the same period last year.
According to the report, total casino win for the nine casino hotel properties in February 2024 amounted to $211.6m. This represents a slight decrease of 1.6% from the $215m reported for February 2023.
Year-to-date casino win for the nine properties was $416.3m, indicating a decrease of 2.4% year-on-year.
On the other hand, internet gaming win showed growth, with reported revenues reaching $182.3m in February 2024. This marks an annual rise of 27.9%.
Year-to-date internet gaming win was $365.6m, reflecting a growth of 23.7% compared to the prior year-to-date period.
Similarly, sports wagering gross revenue saw notable growth, reporting $67.6m for February 2024, up 23.7% from $54.6m reported in February 2023.
Year-to-date, sports wagering gross revenue was $238.3m, indicating an 87.7% increase.
Combining revenue from casino win, internet gaming win and sports wagering gross revenue, total gaming revenue for February 2024 in New Jersey stood at $461.5m, up 12%.
Year-to-date total gaming revenue stands at $1.02bn, showing a 20.2% climb.
These figures come after a positive trend observed in January 2024, where New Jersey’s total gaming revenue surged by 28% year-on-year. The growth was primarily driven by the expansion of online gaming and sports betting.
The performance of New Jersey’s gambling industry indicates a mixed picture for February 2024, with land-based casino win showing a slight decline, while internet gaming and sports wagering gross revenue experienced significant growth.
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