New Jersey reported a huge jump in gaming revenue this March, with the state seeing a whopping 8.1% rise in figures compared to the same period last year.
Gambling of all variations has seen an increase in New Jersey over the past year, with revenue from the gaming industry skyrocketing to $1.5Billion in the first three months of 2024 alone.
In 2023 during the same period (January-March) New Jersey generated just over $1.3bn with figures seeing a huge 15.7% increase between January and March this year compared to in 2023.
New Jersey Gaming Revenue Breakdown
Revenue from the nine casino-hotel’s in New Jersey was $239.8m in March this year – an increase of 4.9% from the $228.6m revenue generated in March 2023. Online gaming saw the biggest boost of all this year, with iGaming revenue in New Jersey growing by 19% from last year’s figures to $197.2m.
Sports betting within New Jersey was the only category that saw a decline from the 2023 figures but even then the 3.6% drop is nothing to worry about for the state which still made $89.7m from sportsbooks in March.
There has been a huge rise in the popularity of sports betting compared to last year however, with sportsbooks collecting $1.33bn including $1.28bn from online wagering.
New Jersey was one of the first states to legalise gambling in the US with lawmakers building the state’s first casino way back in 1978. The first online betting operator in New Jersey didn’t open until 2013, but even then the Garden State was one of the first to allow online casino gambling and poker.
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