{"id":7361,"date":"2024-06-18T06:05:26","date_gmt":"2024-06-18T06:05:26","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2024\/06\/18\/new-jersey-gaming-revenue-sees-impressive-growth-in-may-2024\/"},"modified":"2024-06-18T06:05:26","modified_gmt":"2024-06-18T06:05:26","slug":"new-jersey-gaming-revenue-sees-impressive-growth-in-may-2024","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2024\/06\/18\/new-jersey-gaming-revenue-sees-impressive-growth-in-may-2024\/","title":{"rendered":"New Jersey Gaming Revenue Sees Impressive Growth in May 2024"},"content":{"rendered":"<div>\n<p>The New Jersey Division of Gaming Enforcement (NJDGE) has released its financial results for May 2024, revealing a strong performance across the state\u2019s gaming sector. Overall, gaming in the Garden State generated $510 million, an 8.3% increase year-over-year.<\/p>\n<h3>Casino Gaming<\/h3>\n<p>Casino gaming made up 46.9% of New Jersey\u2019s gaming revenue in May, generating $239.1 million. This figure marks a 5.2% rise compared to the same month last year. <a href=\"https:\/\/igaming.org\/casino\/learn-how-to-play-slots\/\">Slot<\/a> machines were a significant contributor, bringing in $181.3 million, up 4.8%. Table games followed, making $57.9 million, which is a 6.4% increase.<\/p>\n<h3>Online Gaming<\/h3>\n<p>Internet gaming saw substantial growth, with total revenue hitting $192.1 million, a 19% increase year-over-year. Peer-to-peer gaming, however, declined by 8.2%, making $2.2 million compared to last year\u2019s $2.4 million. Other authorized games saw a notable revenue boost, climbing 19.4% to $189.9 million, which accounts for 98.9% of the segment\u2019s total revenue.<\/p>\n<h3>Sports Wagering<\/h3>\n<p>Sports wagering revenue experienced a slight dip in May, falling 4.2% year-over-year to $78.8 million. Despite this monthly decline, the year-to-date sports wagering revenue is up 37%, reaching $513 million compared to last year\u2019s $374.5 million. The total sports wagering handle for May was $838.9 million, with $801.5 million from online wagers and $37.5 million from retail wagers.<\/p>\n<h2>Casino Operator Performance<\/h2>\n<p>Borgata led the state\u2019s casino operators, generating $110.9 million in May. This figure is relatively stable compared to the previous year, with a slight decline of 0.3%. Hard Rock reported the most significant year-over-year increase, with revenue growing by 32.6% to $63.9 million. Golden Nugget and Resorts Digital also saw substantial increases of 21.2% and 17.6%, respectively.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"Katsubet\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Katsubet.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Katsubet\" target=\"_blank\" rel=\"nofollow noopener\">Katsubet<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>5BTC or 111% + 111 Free Spins!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive 111% Welcome Bonus  + 111 Free Spins<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>On the downside, Caesars Interactive NJ experienced a sharp revenue decline of 96% year-over-year to $332,123, largely due to the transfer of three of its internet gaming skins to Tropicana on April 1, 2024. Traditional Caesars saw a 4.9% drop in revenue to $17.6 million.<\/p>\n<p>In total, New Jersey\u2019s casino licensees made $467.2 million in May, reflecting a 10.3% increase and accounting for 91.6% of the state\u2019s total gaming revenue. The state generated $49 million in total taxes from gaming activities.<\/p>\n<p>New Jersey\u2019s three racetrack licensees\u2014Freehold Raceway, Meadowlands, and Monmouth Park\u2014generated $42.7 million in May, a decline of 10.1% year-over-year. Meadowlands led with $38.3 million, despite a 12.8% drop. Monmouth Park saw a 27.8% decline, making $1.4 million. Surprisingly, Freehold Raceway experienced an 83.5% revenue increase, bringing in $3 million.<\/p>\n<p>The total tax revenue from racetrack licensees amounted to $5.5 million in May.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/new-jersey-gaming-revenue-sees-impressive-growth-in-may-2024\/\">New Jersey Gaming Revenue Sees Impressive Growth in May 2024<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The New Jersey Division of Gaming Enforcement (NJDGE) has released its financial results for May 2024, revealing a strong performance across the state\u2019s gaming sector. Overall, gaming in the Garden State generated $510 million, an 8.3% increase year-over-year. Casino Gaming Casino gaming made up 46.9% of New Jersey\u2019s gaming revenue in May, generating $239.1 million. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-7361","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/7361","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=7361"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/7361\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=7361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=7361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=7361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}