September’s gaming revenue was made public by the New Jersey Division of Gaming Enforcement, marking a significant milestone for the state’s iGaming industry. With a 27.1% rise from the previous year, New Jersey’s online gaming win crossed the $200 million mark for the first time, coming in at $208.1 million. The state’s total revenue from 2024 iGaming has now surpassed $1.73 billion. Revenue soared last month as well.
iGaming Growth Leads the Charge
New Jersey’s iGaming success mirrors similar trends in other states, though only Michigan has also crossed the $200 million threshold, reporting $215.5 million in March 2024. While iGaming soared, traditional casino revenue saw a dip. September’s casino win dropped by 6.5%, totaling $230.6 million. Year-to-date, total casino revenue is down slightly, dropping 0.9% to $2.15 billion.
Sports wagering followed a positive trend, bringing in $119.6 million in September, a 7.6% increase over the same period in 2023. Combined, sports wagering revenue for 2024 reached $835.4 million, marking a 17.8% rise from last year. In total, New Jersey’s gaming revenue for September 2024 was reported at $558.3 million, a 7.1% improvement year-over-year.
The Borgata Hotel and Casino was the top performer, bringing in $62.4 million, a 15% rise over the previous year, despite some setbacks in traditional gaming. In September, there was a 5.2% decline in slot machine wins and a 10.1% decrease in table game wins. On the other hand, iGaming profits increased overall, while sports betting revenue at Tropicana, Caesars, Bally’s, and Hard Rock increased.
Of the entire amount of money wagered on sports in the state, $58.5 million was wagered at retail establishments, and an astounding $1.03 billion was wagered online.
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