New Jersey Reports Record iGaming Revenue for October Amid Mixed Gambling Results
Our best sports betting sites and real-money online casinos have long enjoyed strong scenes in New Jersey, but October was more of a mix bag.
A press release from the New Jersey Division of Gaming Enforcement (NJDGE) has revealed the state’s latest gaming results. While October 2024 was a positive month for NJ online casinos, the results were less favorable for New Jersey sports betting and the nine land-based casinos in Atlantic City.
Sports betting revenue fell 16% year-on-year in October, from $92.3 million to $77.5 million for New Jersey sports betting apps. Still, positive performances earlier in the year resulted in a 13.9% rise in year-to-date revenue. So far this year, the state has reported sports betting revenue increases in January, February, April, May, July, and September. The largest of these came in January, contributing the most to YTD growth with a $98.5 million or 136.1% year-on-year increase.
FanDuel Sportsbook at Meadowlands led the month with $36.5 million, while Bally’s reported the largest year-on-year change, collecting $1.8 million in revenue, compared to less than $0.3 million last October.
Residents continue to take advantage of a large selection of New Jersey sportsbook promos.
Results largely negative for Atlantic City casinos
New Jersey’s land-based casinos collected $208.7 million in revenue in October. The figure marks an 8.5% drop from last October when revenue reached $228.1 million. It brings year-to-date revenue up to $2.36 billion, a 1.6% decrease compared to the same point last year.
This decrease comes as seven of the nine casinos in Atlantic City reported less revenue year over year. Caesars Entertainment’s Caesars and Tropicana casinos were the only two reporting higher revenues than last October. Meanwhile, Ocean Casino Resort saw the largest decrease of $10.5 million, or 24.3%.
Borgata Casino led, collecting $53.4 million in October revenue, accounting for more than 25% of the monthly total.
| Casino | October 2023 | October 2024 | Change |
|---|---|---|---|
| Bally’s | $12.4 million | $11.5 million | -7.8% |
| Borgata | $56.9 million | $53.4 million | -6.1% |
| Caesars | $14.4 million | $15.0 million | +4.1% |
| Golden Nugget | $12.2 million | $9.7 million | -20.6% |
| Hard Rock | $41.2 million | $40.8 million | -1.0% |
| Harrah’s | $17.8 million | $15.8 million | -11.5% |
| Ocean Casino | $43.4 million | $32.9 million | -24.3% |
| Resorts | $13.3 million | $12.1 million | -9.2% |
| Tropicana | $16.4 million | $17.6 million | +7.4% |
Record-setting month for iGaming
iGaming operators in NJ had a record-breaking month, surpassing Atlantic City’s casinos with revenues of $213.6 million. Last October, iGaming revenue reached $166.8 million, so the latest figure marks a 28.1% increase. Year-to-date revenue is also up 23.7%, from $1.57 billion last October to $1.95 billion.
All casino licensees reported revenue increases of 15% or higher in October. Golden Nugget promo code, the retail partner of BetRivers, Betway, FanDuel, Jackpot City, and Stardust online casinos, led with $67.1 million in revenue for the month. Meanwhile, Hard Rock reported the most significant year-on-year growth.
| Land-based casino partner | Online casinos | October 2023 | October 2024 | Change |
|---|---|---|---|---|
| Bally’s | Bally, Fanatics, Virgin | $7.1 million | $9.9 million | +40.6% |
| Borgata | BetMGM, Borgata, Pala, PartyCasino, Scores, Wheel of Fortune | $35.6 million | $45.2 million | +27.1% |
| Caesars | Caesars, Harrah’s | $15.5 million | $20.8 million | +34.2% |
| Golden Nugget | BetRivers, Betway, FanDuel, Golden Nugget, Jackpot City, Stardust | $49.4 million | $67.1 million | +35.8% |
| Hard Rock | Bet365, Hard Rock Bet, Unibet | $8.3 million | $11.9 million | +43.2% |
| Ocean Casino | betPARX, Ocean, PlayStar, Tipico | $4.9 million | $5.7 million | +16% |
| Resorts | DraftKings, Mohegan Sun, PokerStars, Resorts | $46.0 million | $53.0 million | +15% |
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