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January 17, 2025 – FairOdds Network

Daily Archives: January 17, 2025

New Jersey gambling revenue tops $6.3 billion in record 2024

Gambling revenue in New Jersey reached $6.30 billion (£5.17 billion/€6.12 billion) in what was a record year for the state, with all-time high figures also reported across igaming and sports betting.

Total market revenue was 9.0% ahead of the existing record of $5.78 billion in the previous year. The New Jersey Division of Gaming Enforcement (NJDGE) reported growth across two of the state’s three sectors, with only land-based casinos seeing a decline.

Igaming pushes land-based casinos close in 2024

The stand-out performance in 2024 is by far igaming, with revenue up 24% to a record $2.39 billion. While this is short of the land-based market ($2.82 billion), igaming has surpassed physical casinos in recent months and 2025 could see it become the leading source of gambling revenue in New Jersey.

For 2024, some $2.36 billion of igaming revenue came from online slots and table games, up 24.5% year-on-year. Peer-to-peer poker revenue, however, slipped 1.5% to $28.5 million.

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