New Jersey saw a 28% year-over-year increase in total gambling revenue in January

The New Jersey Division of Gaming Enforcement has released gambling revenue data for January 2024. At the end of the month, the state earned $559.1 million (51.7 billion rubles), which is 28% more than the $436.9 million (40.4 billion rubles) recorded in January 2023.

According to the report, the combined revenue of the nine casino hotels amounted to $205 million (18.96 billion rubles). In 2023, the figure was 3.1% higher – $211.7 million (19.6 billion rubles). A slight decline in the land-based sector was offset by positive financial results of the iGaming market. Online gaming brought New Jersey $183.3 million (almost 17 billion rubles), 19% more than last year’s revenue of $152.9 million (14.14 billion rubles). The sports betting market showed sharp growth: over the year, revenue increased by 136.1%, from $72.3 million to $170.8 million (from 6.7 billion to 15.8 billion rubles).

If we look at the overall statistics for 2023, the annual toturnover from games increased by 10.9%, reaching $5.78 billion (RUB 534.6 billion). In particular, the positive trend was seen in December, when the state earned $522.2 million (48.3 billion rubles) – 14.8% more than in the same month of 2022.

Throughout 2023, iGaming and sports betting showed steady growth. Online gambling brought New Jersey $1.9 billion (175.7 billion rubles), while bookmakers earned $1.01 billion (93.4 billion rubles).

Meanwhile, research


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