Gambling revenue in New Jersey surged by 10.4% year-on-year to $510.9m (£403.7m/€470.6m) in April, driven by increases in the igaming and sports betting markets. This growth more than offset the decline in the land-based market. Although April’s revenue was comfortably higher than the $462.7m recorded last year, it fell short by 3.0% compared to the $526.6m reported in March.
Land-based casinos, the primary source of gambling revenue in the Garden State, generated $216.8m in April, a 6.3% decrease from $231.5m last year. Revenue from physical slot machines declined by 6.4% to $158.8m, while land-based table games revenue fell by 6.1% to $58.1m.
In contrast, the igaming sector saw significant growth. Revenue from igaming in April reached $187.9m, up 18.2% year-on-year, nearly closing the gap with the long-established land-based segment. Online slot games were the main driver, with revenue increasing by 18.5% to $185.6m, while peer-to-peer poker revenue slipped by 0.5% to $2.3m.
Among individual operators, Golden Nugget jumped to the top spot in New Jersey with igaming revenue of $53.1m, a 27.5% increase from the previous year. Resorts Digital retained second place with $47.5m, up 13.9%, while Borgata, which was top in March, ranked third with $44.1m, a rise of 2.2%.
Sports betting revenue nearly doubled to $106.2m, marking a 46.9% year-on-year increase and a 74.1% rise from $61.0m in March. This surge was supported by a 12.6% increase in handle, reaching $1.044bn in April. Player spend on online sports betting hit $1.01bn, with retail sportsbooks generating $34.7m. The shift in gambling habits is evident as more New Jersey gamblers move online, driving significant growth in igaming and sports betting sectors.
Meadowlands led the New Jersey sports betting market, posting $73.2m in revenue, up 92.2% from 2023. Resorts Digital and partner DraftKings followed with $18.9m in revenue, down 6.6%, while Borgata and BetMGM took third place with $5.2m, a drop of 21.6%.
In the first four months of the year, New Jersey’s total gambling revenue surpassed $2.00bn, reaching $2.06bn. This represents a 14.4% increase compared to the same period last year. Land-based revenue was down by 1.6% at $872.9m, with declines in both slots and table games. However, igaming revenue rose by 21.1% to $750.7m, driven by a 21.5% increase in slots revenue to $741.3m, despite a 3.7% decline in peer-to-peer poker revenue to $9.4m. Sports betting revenue for the four months totaled $434.2m, up 48.6% from $292.3m in 2023, with total player spending reaching $5.17bn.
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