New Jersey’s Total Gaming Revenue Reaches $510.9m But Casino Wins Decline By 6.3%

The New Jersey Division of Gaming Enforcement has released the financial performance report for April, showcasing the state’s thriving gaming industry. The report encompasses revenue generated from casino wins, internet gaming, and sports wagering, which collectively contribute to New Jersey’s economic prosperity.

According to casino reports, internet gaming experienced significant growth, with April’s revenue reaching $187.9 million, marking a substantial increase from the previous year’s $158.9 million. Year-to-date figures reflect a robust 21.1% surge, totaling $750.7 million in revenue.

Overall Gaming Revenue Climbs

New Jersey reported a total gaming revenue of $510.9 million for April, representing a notable 10.4% rise compared to the same period in 2023. This increase is primarily attributed to the soaring revenue from internet gaming, offsetting declines in casino wins.

While internet gaming flourished, in-person casino revenue witnessed a decline across six out of nine casinos. Properties including Tropicana, Caesars, and Golden Nugget reported reduced revenue from in-person gambling activities, contributing to a 6.3% decrease in total casino wins compared to April 2023.

Despite fluctuations in casino revenue, sports wagering continued its upward trajectory, reporting a substantial gross revenue of $106.2 million in April, marking a remarkable 46.9% year-over-year increase. Year-to-date figures for sports wagering gross revenue surged by 48.6%, totaling $434.2 million.

The cumulative gaming revenue for the year-to-date period stood at $2.06 billion, reflecting a commendable 14.4% surge compared to the previous year-to-date period. This steady growth underscores the resilience and dynamism of New Jersey’s gaming sector.