New Jersey Internet Gambling Sets a New Record in November

By Jane Shaw Senior Editor Updated: 12/23/2024

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We count on Jane to inform our readers about the latest slot games in the US market. With her passion for video games and a degree in engineering, she’s our gambling tech expert. Jane’s also active in our blog section, where she tackles the curiosities and changes in the industry.

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A bar chart showcasing the increase in New Jersey online gambling revenue

In November 2024, the New Jersey internet gambling sector reached a new record. Online casinos and their partners accumulated an impressive $214 million in revenue. This surpasses previous monthly records and once again highlights the rapid growth of the gambling industry in the Garden State. Stay tuned as we break down the topic.

Monthly Internet Gambling Revenue Trends for 2024

Throughout 2024 so far, the New Jersey internet gambling sector has demonstrated consistent growth. From $183.3 million in January, the figure has steadily climbed to the current record of $214 million in November. Year-over-year comparisons also show a positive trend, evidence of the rising popularity of online casinos among NJ gamblers.

• January – $183.3 million (19.9% YoY growth)
• February – $190.5 million (15.2% YoY growth)
• March – $198.7 million (12.5% YoY growth)
• April – $201 million (10.8% YoY growth)
• May – $206 million (8.5% YoY growth)
• June – $208 million (6.5% YoY growth)
• July – $210 million (4.8% YoY growth)
• August – $208 million (3% YoY growth)
• September – $208 million (2.4% YoY growth)
• October – $213.6 million (2.9% YoY growth)
• November – $214 million (12.5% YoY growth)

As digital platforms gain traction, we expect the positive trend to continue. But what are the tendencies in other sectors of the gambling industry in New Jersey? Sports betting is reaching record handles while land-based casinos face a decrease in YoY revenue and significant challenges amid the rising popularity of their online counterparts.

The continuing success of online gaming and sports wagering has helped total gaming revenue achieve its best November monthly result in over a decade.

James Plousis chairman of the NJ Casino Control Commission

Overall Gambling Revenue Trends in New Jersey

Since its legalization in 2018, the sports betting sector in New Jersey has seen exponential growth, with a total handle surpassing $10 billion in the period January – November 2024. DraftKings, FanDuel, BetMGM, and Caesars are only a few of the available sportsbook apps in the state.

Land-based gambling, on the other hand, has been facing some challenges following the legalization of online casinos in the Garden State. In October 2024, for example, the 9 Atlantic City casinos generated a collective gross operating profit of $236.5 million, marking a 13.8% drop from the same period in 2023.

The switch to online gambling was felt the most during and after the COVID-19 pandemic restrictions. This has impacted many sectors all across the board. For gambling in particular, the hit was mostly felt by the brick-and-mortar operators, which haven’t been able to fully recover ever since.

What Does the Future Hold?

The future is bright for the online gambling sector in New Jersey, and all prognoses point to continuous revenue growth. And while land-based establishments might have recorded a decline in revenue in recent years, they remain the backbone of the industry and aren’t expected to go anywhere anytime soon.