New Jersey Gambling Revenue Up in April Despite Land-Based Declines

The Garden State’s gambling income in the fourth month of the year was up, despite a decrease in earnings from brick-and-mortar gambling.

New Jersey’s gambling income in April rose by 10.4% year-over-year to $510.9 million (£403.7 million/€470.6 million). Growth in internet gambling and sports wagering counteracted declines in the land-based gambling market.

The total income was significantly higher than the $462.7 million reported in April of the previous year. However, the figure was 3.0% lower than the $526.6 million reported by New Jersey in March.

Starting with the land-based casinos, this is still the primary source of gambling income in the Garden State. However, the $216.8 million generated in April was down 6.3% year-over-year.

Land-based slot machine revenue dropped by 6.4% to $158.8 million, while land-based table game revenue also decreased by 6.1% to $58.1 million.

New Jersey’s online gambling industry continues to see success
Moving to the internet gambling sector, the picture was very different. Revenue from all online gambling in April reached $187.9 million, an increase of 18.2% year-over-year. This means that online gambling was only $28.9 million lower than the long-established land-based gambling sector in April.

Of the $185.6 million in revenue from all online gambling, $185.6 million was attributed to online slot games, with revenue in this sector increasing by 18.5%. However, revenue from peer-to-peer poker fell by 0.5% to $2.3 million.

As for individual operators, Golden Nugget jumped from third place to first place in New Jersey in April.

Digital wagering earnings hit $53.1 million, a 27.5% surge from the previous year.

Resorts Digital came in second with $47.5 million in earnings, a 13.9% jump from the previous year. Borgata held the top spot in March and came in third with $44.1 million in earnings, a 2.2% increase.

Sports betting earnings nearly doubled to $106.2 million.

Now let’s examine the sports betting market, where earnings rose 46.9% year-on-year to $106.2 million. This also represents a 74.1% increase from $61 million in March.

The year-on-year increase in earnings was driven by a rise in wagering, which reached $1.044 billion in April, up 12.6%. Online sports betting enthusiasts spent $1.01 billion, while retail sports betting spending reached $34.7 million.

Meadowlands remains the leading sports betting market in New Jersey, with earnings of $73.2 million, a 92.2% increase from 2023. Meadowlands partners with FanDuel, owned by Flutter Entertainment.

Resorts Digital and its partner DraftKings came in second with $18.9 million in earnings, a 6.6% decline. Borgata and BetMGM came in third with $5.2 million in earnings, a 21.6% decrease.

New Jersey gambling earnings surpassed $2 billion in four months.

Total gambling earnings in New Jersey reached $2.06 billion in the four months ending April. This is a 14.4% increase from the same period last year.

Land-based gambling earnings fell 1.6% to $872.9 million, with declines in both slots and table games.

Digital gambling earnings rose 21.1% to $750.7 million, driven by a 21.5% increase in slots earnings to $741.3 million. In contrast, peer-to-peer poker earnings fell 3.7% to $9.4 million.

Regarding sports wagering, a total of $434.2 million in wagers were produced over a four-month period. This signifies a 48.6% rise in comparison to $292.3 million in 2023, with bettors spending a total of $5.17 billion in the process.

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