New Jersey gaming revenue reaches $547.8m in July 2024
Land-based casino revenue was down, but online gaming and sports wagering saw further growth.
New Jersey’s Division of Gaming Enforcement has reported that total gaming revenue for July 2024 reached $547.8m, reflecting an 8.2% increase year-on-year. This growth was driven by gains in the internet gaming and sports wagering sectors, despite a decline in traditional casino revenue.
Casino win for the nine casino hotel properties in the state totalled $272.3m in July 2024, a 6.1% decrease. For the year-to-date, casino win amounted to $1.63bn, down 1.0%.
By contrast, online gaming continued its upward trajectory, with a reported win of $195.4m in July 2024, marking a 25.9% increase. Year-to-date Internet gaming win reached $1.33bn, a 22.0% increase. The steady growth in this sector highlights the increasing role of online platforms in the state’s gaming industry.
Sports wagering gross revenue also saw a substantial rise, totalling $80.0m for July 2024. This represents a 31.2% increase. Sports wagering revenue for the year-to-date was $653.1m, up 30.1%.
The combined results from these sectors brought the total year-to-date gaming revenue to $3.61bn, reflecting an 11.5% increase.
These figures come in the context of a broader trend of growth within New Jersey’s gaming industry, following a 7.4% rise in gaming revenue reported in June 2024. The state has consistently seen rising revenues in internet gaming and sports wagering, offsetting declines in traditional casino operations.
New Jersey’s online casino market is one of the most mature and competitive in the US, with only a handful of states having legalised iGaming.
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