The gambling industry in New Jersey saw overall revenue climbing by 10.4%, yet not all sectors enjoyed equal success. The state’s casinos, horse tracks, and online partners collectively garnered over half a billion dollars from gamblers. However, the surge was primarily driven by the state’s performance in online gambling, which had its second-best month on record, highlighting the significant role of online casinos in NJ.
The nine casino hotel properties in Atlantic City, according to the New Jersey Division of Gaming Enforcement report, saw revenue of $216.8 million for April, a decrease from the $231.5 million reported in April of last year. This dip is part of a broader trend, with year-to-date revenue also falling by 1.6% compared to 2023, totaling $872.9 million.Related: New Jersey Starts 2024 with Record Gambling Revenue
In contrast, the iGaming revenue for April stood at $187.9 million, an 18.2% increase from last year’s $158.9 million. The year-to-date figures for Internet gaming win also reflect a healthy growth of 21.1%, amounting to $750.7 million.
Sports wagering has shown remarkable growth. The gross revenue from sports betting soared to $106.2 million in April, a substantial 46.9% jump from 2023. This sector’s year-to-date revenue also escalated dramatically, with a 48.6% increase, reaching $434.2 million.
Overall, the total gaming revenue reported by casinos, racetracks and their partners for April was an impressive $510.9 million. This figure not only reflects the 10.4% increase from the previous April’s $462.7 million but also indicates a strong year-to-date growth of 14.4%, with total revenue reaching $2.06 billion.