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New Jersey Reports Increase In Gaming Revenue By 8.1% In March

olivertaliku

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.

olivertaliku

Olly Taliku has worked with highly respected sports and gambling websites where he has produced hundreds of articles, as well as being published with Burton Albion and Chesterfield FC. At Burton Olly worked closely alongside the women's team, producing mainly matchday content including reports and interviews, while at Chesterfield he worked in a similar role but with the academy side, as well as some first team content. He also has experience as an accredited Premier League and EFL writer for Prost International where he worked during the 2021/22 season to produce matchday content as an on location reporter. Olly specialises in football as well as long form SEO content plus news, tips and betting but also produces content on basketball, baseball and American football.