In October 2024, New Jersey made history as online casino revenue surpassed retail casino revenue for the first time ever. This milestone marked a significant shift in the state’s gambling industry, with online gaming win reaching $213.6 million, a 27.3% increase compared to the same period the previous year. In contrast, retail casino win in October was $208.7 million, representing an 8.5% decrease from October 2023.
The New Jersey Division of Gaming Enforcement (DGE) released their monthly report detailing these figures, highlighting the growing dominance of online casinos in the state. Additionally, sports betting and horse racing wagering revenue totaled $77.5 million in October 2024, a 16.0% decline from the previous year. Despite this drop, overall sportsbook revenue in New Jersey has seen a 13.9% increase year-over-year, totaling $912.8 million.
Among the various online casino licensees in New Jersey, Golden Nugget stood out as the top performer in October, generating $67.1 million in internet gaming win. This success can be attributed to partnerships with popular brands such as FanDuel, Betway, BetRivers, Jackpot City, and its own Golden Nugget brand. Following closely behind was Resorts Casino Hotel Atlantic City, which boasts partnerships with ESPN Bet, DraftKings, PokerStars, Mohegan Sun, and its own brand, with $53 million in online casino win.
The trend of record-breaking online casino revenue continued in October, marking the third consecutive month in which New Jersey surpassed its previous benchmarks. Online casino win for the year-to-date reached $1.95 billion, a substantial 23.7% increase compared to the previous year. In contrast, brick-and-mortar casino revenue for the same period totaled $2.36 billion, representing a slight 1.6% decrease from 2023.
Overall, the shift towards online gambling in New Jersey is evident in the latest revenue figures, with online casinos outperforming traditional retail establishments. This trend underscores the growing popularity and profitability of online gaming platforms, signaling a potential shift in the state’s gambling landscape. With online casino revenue on the rise and sports betting maintaining strong performance, New Jersey’s gambling industry is poised for continued growth and innovation in the coming years.