NJ iGaming Market Boasts Record Performance in November
For some months now, the New Jersey gambling market has maintained an upward momentum and November is not an exception.
LISTEN TO THIS ARTICLE:According to the November gaming revenue report released by the New Jersey Division of Gaming Enforcement, overall gaming revenue for the month reached $556.9 million, up 15.4% year-over-year.
The state's gaming revenue is generated through three key channels: casino gaming, internet gaming (iGaming), and sports betting. Of the three, casino gaming accounted for the highest revenue in
November at $223.9 million, an increase of 42% compared to the previous year.
Slot machines drove casino win growth in November, generating $167.7 million in revenue, a 4.3% year-over-year increase. Table game win also rose by 4% to $56.2 million in revenue. Sports wagering revenue rose by 24.1% to $119 million during the month.
At $214 million in November, New Jersey's iGaming revenue reached an all-time high for the second consecutive month. The total is up by $1 million from the $213 million previous record set in October. It also marks an increase of 24.7% compared to the $171.6 million generated in the same month in 2023.
More Finance News
Year-to-Date Results
The year-to-date internet gaming win in New Jersey now totals $2.16 billion, marking a notable 23.8% growth from $1.74 billion in the prior year.
Despite the year-over-year increase, New Jersey's year-to-date (YTD) casino win experienced a slight 1.1% decline to $2.6 billion. Table game win marked the largest drop among gaming segments, reducing by $40 million compared to the same segment in 2023. Sports wagering revenue surged by 15% to $1.03 billion for the year-to-date period.
Total gaming revenue in the Garden State since the year began has reached $5.78 billion, an increase of 9.9% from the prior YTD period.
Borgata Atlantic City and Resorts World topped New Jersey's gaming revenue list, posting 25.5% and 27.9% year-over-year gains to $122.7 million and $101 million, respectively.
RELATED TOPICS: Finance
Latest News
Most Read
Must Read
Interviews
Sweepstakes Casinos: Thriving in an Ever-Changing Industry – Interview with Attorney Stephen C. Piepgrass
Feb 17, 2025
Interviews
Review this New Post
Leave a Comment
User Comments
Comments for NJ iGaming Market Boasts Record Performance in November