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Sunday, December 22, 2024

New Jersey reports mixed results in October gaming revenue

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Governor Phil Murphy | Official Website of Phil Murphy

Governor Phil Murphy | Official Website of Phil Murphy

The New Jersey Division of Gaming Enforcement has released the gaming revenue figures for October 2024. The report provides insights into casino wins, internet gaming, sports wagering, and total gaming revenue.

Casino Win for the nine casino hotel properties in October 2024 was $208.7 million. This marks a decrease of 8.5% compared to the $228.1 million reported in October 2023. Year-to-date Casino Win amounted to $2.36 billion, showing a decline of 1.6% from the previous year.

Internet Gaming Win for October 2024 was $213.6 million, indicating growth of 28.1% from the $166.8 million reported in October 2023. For the year-to-date period, Internet Gaming Win reached $1.95 billion, reflecting a rise of 23.7% over last year's figure.

Sports Wagering Gross Revenue totaled $77.5 million in October 2024, which is a decrease of 16% compared to $92.3 million in October 2023. However, for the year-to-date period, Sports Wagering Gross Revenue was up by 13.9%, reaching $912.8 million compared to last year's $801.3 million.

Total Gaming Revenue across casinos, racetracks, and their partners stood at $499.8 million for October 2024—a rise of 2.6% from October 2023's figure of $487.1 million. Year-to-date Total Gaming Revenue showed an increase of 9.3%, amounting to $5.22 billion compared to last year's figure of $4.77 billion.

These reports are available on the Division's website for further details and insights into New Jersey's gaming industry performance.