{"id":282,"date":"2024-06-29T00:20:25","date_gmt":"2024-06-28T21:20:25","guid":{"rendered":"https:\/\/yabbynodepositbonus.icu\/2024\/06\/29\/new-jersey-gambling-revenue-up-in-april-despite-land-based-declines\/"},"modified":"2024-06-29T00:20:25","modified_gmt":"2024-06-28T21:20:25","slug":"new-jersey-gambling-revenue-up-in-april-despite-land-based-declines","status":"publish","type":"post","link":"https:\/\/yabbynodepositbonus.icu\/2024\/06\/29\/new-jersey-gambling-revenue-up-in-april-despite-land-based-declines\/","title":{"rendered":"New Jersey Gambling Revenue Up in April Despite Land-Based Declines"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/LYVR03UY6T8\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The Garden State&#8217;s gambling income in the fourth month of the year was up, despite a decrease in earnings from brick-and-mortar gambling.<\/p>\n<p>New Jersey&#8217;s gambling income in April rose by 10.4% year-over-year to $510.9 million (\u00a3403.7 million\/\u20ac470.6 million). Growth in internet gambling and sports wagering counteracted declines in the land-based gambling market.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<p>New Jersey&#8217;s online gambling industry continues to see success<br \/>\nMoving 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.<\/p>\n<p>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.<\/p>\n<p>As for individual operators, Golden Nugget jumped from third place to first place in New Jersey in April. <\/p>\n<p>Digital wagering earnings hit $53.1 million, a 27.5% surge from the previous year.<\/p>\n<p>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.<\/p>\n<p>Sports betting earnings nearly doubled to $106.2 million.<\/p>\n<p>Now let&#8217;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.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<p>New Jersey gambling earnings surpassed $2 billion in four months.<\/p>\n<p>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.<\/p>\n<p>Land-based gambling earnings fell 1.6% to $872.9 million, with declines in both slots and table games.<\/p>\n<p>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. <\/p>\n<p>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.<\/p>\n<p>Sign up for the iGaming news bulletin. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Garden State&#8217;s gambling income in the fourth month of the year was up, despite&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NJ Gambling Booms Online, Brick-and-Mortar Lags<\/title>\n<meta name=\"description\" content=\"New Jersey\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/yabbynodepositbonus.icu\/2024\/06\/29\/new-jersey-gambling-revenue-up-in-april-despite-land-based-declines\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"New Jersey Gambling Revenue Up in April Despite Land-Based Declines\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"New Jersey\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/yabbynodepositbonus.icu\/2024\/06\/29\/new-jersey-gambling-revenue-up-in-april-despite-land-based-declines\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Discover the Power of Licensed Online Casino Gaming\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-28T21:20:25+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/yabbynodepositbonus.icu\/2024\/06\/29\/new-jersey-gambling-revenue-up-in-april-despite-land-based-declines\/\",\"url\":\"https:\/\/yabbynodepositbonus.icu\/2024\/06\/29\/new-jersey-gambling-revenue-up-in-april-despite-land-based-declines\/\",\"name\":\"NJ Gambling Booms Online, Brick-and-Mortar Lags\",\"isPartOf\":{\"@id\":\"https:\/\/yabbynodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-28T21:20:25+00:00\",\"dateModified\":\"2024-06-28T21:20:25+00:00\",\"author\":{\"@id\":\"https:\/\/yabbynodepositbonus.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"New Jersey\",\"breadcrumb\":{\"@id\":\"https:\/\/yabbynodepositbonus.icu\/2024\/06\/29\/new-jersey-gambling-revenue-up-in-april-despite-land-based-declines\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/yabbynodepositbonus.icu\/2024\/06\/29\/new-jersey-gambling-revenue-up-in-april-despite-land-based-declines\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/yabbynodepositbonus.icu\/2024\/06\/29\/new-jersey-gambling-revenue-up-in-april-despite-land-based-declines\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/yabbynodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"New Jersey Gambling Revenue Up in April Despite Land-Based Declines\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/yabbynodepositbonus.icu\/#website\",\"url\":\"https:\/\/yabbynodepositbonus.icu\/\",\"name\":\"Discover the Power of Licensed Online Casino Gaming\",\"description\":\"Immerse yourself in the excitement of licensed online gambling with our regularly updated news, in-depth game reviews, and informative insights. 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