New Jersey Gaming Revenue Hits $547.8M in July 2024

New Jersey's Division of Gaming Enforcement reported that total gaming revenue for July 2024 reached $547.8 million, an 8.2% increase year-on-year. This growth was primarily driven by gains in internet gaming and sports wagering, despite a decline in traditional casino revenue.

Land-based casino revenue for the nine casino hotel properties totaled $272.3 million, marking a 6.1% decrease. Year-to-date, casino win amounted to $1.63 billion, down 1.0%.

In contrast, online gaming continued to grow, with a reported win of $195.4 million in July 2024, a 25.9% increase. Year-to-date, internet gaming win reached $1.33 billion, a 22.0% increase, underscoring the growing significance of online platforms in New Jersey's gaming industry.

Sports wagering also saw a significant rise, with gross revenue totaling $80.0 million in July 2024, representing a 31.2% increase. Year-to-date sports wagering revenue was $653.1 million, up 30.1%.

Overall, these sectors combined to bring New Jersey’s total gaming revenue to $3.61 billion, reflecting an 11.5% increase. This follows a broader trend of growth, with June 2024 also reporting a 7.4% rise in gaming revenue. The continued expansion of internet gaming and sports wagering has helped offset the decline in traditional casino operations.

New Jersey's online casino market remains one of the most mature and competitive in the US, with only a few states having legalized iGaming.