The New Jersey Division of Gaming Enforcement (DGE) announced that the state’s gaming industry earned a total of $556.9 million in November, marking a 15.4% increase compared to last year. This growth was fueled by strong performances across casino win, iGaming, and sports wagering continuing from the last month.
Casino Win Leads Monthly Revenues
Casino win emerged as the largest contributor, generating $223.9 million in November. This figure reflects a 4.2% year-over-year growth, with slot machines driving most of the success. Slots brought in $167.7 million, rising 4.3% from last year, while table games added $56.2 million, showing a 4% increase.
Despite November’s gains, year-to-date (YTD) casino win remains down. The $2.6 billion reported so far for 2024 marks a slight 1.1% dip from the same period in 2023. Table games experienced the steepest YTD decline, dropping by over $40 million.
While casino win grew modestly, iGaming and sports wagering showed significant spikes. iGaming revenue hit $214 million in November, marking a 24.7% increase year-over-year. Sports wagering revenue also surged 24.1%, reaching $119 million.
Year-to-date, both segments continue to outperform expectations. iGaming revenue climbed 23.8% to $2.16 billion, while sports betting jumped 15% to surpass $1.03 billion. Overall, New Jersey’s total gaming revenue for 2024 stands at $5.78 billion, reflecting a nearly 10% year-over-year increase.
Among individual properties, Borgata Atlantic City and Resorts World led the way in November. Borgata generated $122.7 million in total gaming revenue, reflecting a 25.5% increase compared to last year. Resorts World reported $101 million, a robust 27.9% year-over-year growth.
New Jersey’s gaming market continues to demonstrate its strength, particularly in iGaming and sports wagering. These sectors are on track to play a vital role in driving the state’s overall revenue growth heading into 2024.
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