{"id":8221,"date":"2024-11-19T07:04:47","date_gmt":"2024-11-19T07:04:47","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2024\/11\/19\/new-jersey-gaming-revenue-rises-in-october-with-internet-gaming-leading-the-way\/"},"modified":"2024-11-19T07:04:47","modified_gmt":"2024-11-19T07:04:47","slug":"new-jersey-gaming-revenue-rises-in-october-with-internet-gaming-leading-the-way","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2024\/11\/19\/new-jersey-gaming-revenue-rises-in-october-with-internet-gaming-leading-the-way\/","title":{"rendered":"New Jersey Gaming Revenue Rises in October with Internet Gaming Leading the Way"},"content":{"rendered":"
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A significant increase in gaming income for October 2024 has been announced by the New Jersey Division of Gaming Enforcement. In comparison to the same month previous year, the state\u2019s overall gaming revenue increased by 2.6% to $499.8 million. Another record-breaking online gaming win of $213.6 million, which surpassed the previous high of $208 million in September<\/a>, was the main driver of this development.<\/p>\n

The October number is a 28.1% year-over-year growth, demonstrating the continued strong momentum of online gaming. With $1.95 billion in sales thus far this year, online gaming has a significant impact on the gaming industry in New Jersey. With the exception of Ocean Casino Resort and Harrah\u2019s, which had revenue drops of 19% and 10.6%, respectively, almost other casino resorts showed increases when internet gaming and sports betting were taken into account.<\/p>\n

Mixed Results for In-Person Gambling and Sports Wagering<\/strong><\/h2>\n

While internet gaming thrived, in-person casino win and sports wagering revenue saw declines. Sports betting revenue dropped 16% year-over-year to $77.5 million, and casino win fell 8.5% to $208.7 million. Nevertheless, slot machines remained the top contributor to casino win, generating $159.9 million, despite a slight 1.9% year-over-year decline. Table game revenue experienced a sharper drop of 25%, totaling $48.8 million.<\/p>\n

Tropicana and Caesars were the only properties to report year-over-year growth in in-person gambling revenue. Tropicana\u2019s revenue increased by 7.4% to $17.6 million, while Caesars grew by 4.1% to just under $15 million. Borgata led the pack in in-person gambling revenue, earning $53.4 million, though this marked a 6.1% decline from last year.<\/p>\n

Golden Nugget illustrated the industry\u2019s digital shift, reporting the largest increase in overall revenue, up nearly 25% to $76.7 million. However, its in-person gambling revenue dropped over 20% to $9.6 million. Borgata, the state\u2019s top performer, recorded $106.1 million in total revenue, a 5.8% year-over-year increase.<\/p>\n

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