New Jersey reports record revenues of $6.3 billion in 2024
The Division of Gaming Enforcement (DGE) has released its December 2024 and year-end gross gaming revenue numbers. The figures reflect continued growth — and even some records.
“In 2024, online gaming solidified as a prominent and critical segment of New Jersey’s gaming industry,” said New Jersey Casino Control Commission Chairman James Plousis in his remarks about the report. “Annual internet gaming win exceeded last year’s record by more than 24%.
Monthly internet gaming win ended the year strong, setting a record for the fifth consecutive month. Sports wagering revenue also set a new annual record. Together, internet gaming win and sports wagering revenue pushed Atlantic City’s annual total gaming revenue to nearly $5.7 billion – the highest figure in its history.”
“In 2024, Atlantic City’s casino operators set a record industry high for total annual gross gaming revenue surpassing last year’s record high of $5.24 billion by 8.7%,” said Jane Bokunewicz, faculty director of the Lloyd D. Levenson Institute of Gaming, Hospitality, and Tourism (LIGHT), Stockton University School of Business, in her analysis of the report.
“Strong wins in internet gaming revenues drove the city to its eighth consecutive year of year-over-year total gross gaming revenue growth (exempting 2020/the pandemic), even as the mature brick-and-mortar market remained essentially flat following the pandemic’s disruptions,” she added.
Sports Wagering Gross Revenue reported by casinos, racetracks, and their partners was $62.8 million for December 2024, reflecting a 42.6% decrease when compared to $109.4 million reported in December 2023. Sports Wagering Gross Revenue reported by casinos, racetracks, and their partners was $1.09 billion for 2024, reflecting an 8.7% increase when compared to $1.01 billion reported in 2023.
For the month of December 2024, Internet Gaming Win reported by casinos and their partners was $228.0 million, reflecting growth of 26.5% when compared to $180.3 million reported in December 2023. For the year, Internet Gaming Win reported by casinos and their partners was $2.39 billion for 2024, reflecting growth of 24.1% when compared to $1.92 billion for 2023.
However, Bokunewicz noted that gross gaming revenues are an imperfect predictor of the overall performance of an industry “that incorporates so many additional experiences and amenities beyond gaming.”
“We will have a better idea of the industry’s overall performance and its impact on the regional economy when the fourth quarter and year-end net revenue reports are released this spring,” said Bokunewicz.