New Jersey Gambling Revenue Surpassed $6 Billion in 2024

In 2024, New Jersey’s gambling revenue reached $6.3 billion, up 9% from the year before. The state continues to be a key player in the US gambling market, breaking new records year after year.

However, much of this growth came from iGaming and sports betting, both of which involve revenue-sharing agreements. This means casinos don’t keep all of the $6.3 billion, as much of it goes to external partners.

Land-based casinos brought in $2.82 billion in 2024 but were the only area to see less money than before (1.1%). Meanwhile, iGaming had a big jump, up 24% to $2.39 billion. Right now, physical casinos are still on top, but if iGaming keeps growing like this, it looks set to overtake them in 2025.

In 2024, sports betting brought in $1.09 billion, up 8.7% compared to the year before. Players wagered $12.77 billion overall, with $12.27 billion online and $499.2 million at retail locations.

For Atlantic City’s casinos, in-person gambling remains the core of their business. Unlike iGaming and sports betting, this revenue directly supports operations and profits without being shared with external partners.

New Jersey has come a long way from betting effectively being under prohibition, with the state one of the leaders in all things gambling, even taking Esports wagers.

In January, total gaming revenue reached $559.1 million. That’s a 28% jump from the same month in 2023. Internet gaming grew by 19.9%, but the real star was sports wagering, which surged by an incredible 136.1%.

October saw internet gaming reach $213.6 million, setting a new record after beating September’s total. In-person casino revenues, though, fell by 8.5% compared to October 2023, showing more players are moving online.

November broke October’s record for internet gaming, with revenue passing $214 million. Overall, the month’s gaming revenue hit $556.9 million, which is 15.4% higher than November 2023.