{"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":"
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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

Casino Gaming<\/h3>\n

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. 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

Online Gaming<\/h3>\n

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

Sports Wagering<\/h3>\n

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

Casino Operator Performance<\/h2>\n

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

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