The New Jersey iGaming market broke a record: $208 million in September 2024
iGaming New Jersey set a record revenue of $208 million in September 2024. The online sector generates 40.8% of profits, confirming its leadership in the state's gambling industry.
New Jersey iGaming Market Sets Record: $208 Million in September 2024
New Jersey's iGaming sector reached a new revenue peak in September 2024, earning $208 million. These figures highlight the dominance of online gaming amid declining revenue from land-based casinos.
According to the Division of Gaming Enforcement, the total revenue of the state's gaming sector, including casinos and sportsbooks, grew by 7.1% year-on-year, amounting to $558 million. Notably, this marks the third consecutive month with total revenue exceeding $500 million, a milestone previously achieved only once in all of 2023.
Internet gaming accounted for 40.8% of the industry's revenue in the first nine months of 2024, underscoring its growing importance. However, a portion of iGaming profits goes to third-party providers, prompting operators to continue focusing on the offline segment.