New Jersey Gambling Revenue Surpassed $6 Billion in 2024

In 2024, New Jersey gambling revenues will reach $6.3 billion, up 9% from the previous year. The state remains a major player in the US gambling market, breaking new records year after year.

However, much of that growth has come from iGaming and sports betting, both of which involve revenue-sharing agreements. This means that the casinos do not keep the entire $6.3 billion, with a large portion of it going to external partners.

The NJDGE (New Jersey Division of Gaming Enforcement) released its report Revenue figures for December 2024:

Land-based casinos brought in $2.82 billion in 2024 but were the only area to see less money than before (1.1%). Meanwhile, iGaming made a big jump, rising 24% to $2.39 billion. For now, brick-and-mortar casinos are still at the forefront, but if iGaming continues to grow like this, it looks like it will overtake them in 2025.

In 2024, sports betting brought in $1.09 billion, an 8.7% increase compared to the previous year. Players wagered a total of $12.77 billion, including $12.27 billion online and $499.2 million at retail locations.

For Atlantic City casinos, in-person gambling remains the core of their business. Unlike iGaming and sports betting, these revenues directly support operations and profits without being shared with external partners.

New Jersey has come a long way from being virtually under prohibition, as the state has become one of the leaders in all things gambling, to… Bets on eSports.

In January, total gaming revenue reached $559.1 million. That’s a jump of 28% from the same month in 2023. Online gaming grew by 19.9%, but the real star was sports betting, which rose by a staggering 136.1%.

October saw the value of online gaming reach $213.6 million, setting a new record after surpassing September’s total. However, in-person casino revenue fell by 8.5% compared to October 2023, indicating more players are moving online.

November broke October’s record for online gaming, with revenue exceeding $214 million. Overall, gaming revenue for the month was $556.9 million, which is 15.4% higher than November 2023.