Total market revenue was 9.0% ahead of the existing record of $5.78 billion in the previous year. The New Jersey Division of Gaming Enforcement (NJDGE) reported growth across two of the state’s three sectors, with only land-based casinos seeing a decline.

Igaming pushes land-based casinos close in 2024

The stand-out performance in 2024 is by far igaming, with revenue up 24% to a record $2.39 billion. While this is short of the land-based market ($2.82 billion), igaming has surpassed physical casinos in recent months, and 2025 could see it become the leading source of gambling revenue in New Jersey.

For 2024, some $2.36 billion of igaming revenue came from online slots and table games, up 24.5% year-on-year. Peer-to-peer poker revenue, however, slipped 1.5% to $28.5 million.

DraftKings and partner Resorts Casino Hotel led the igaming sector with $515 million in total revenue. FanDuel and Golden Nugget Atlantic City were not far behind in second place with $506.6 million. BetMGM and Borgata took third with $287.7 million.

Golden Nugget, however, ranked as the leading master licensee with $688.9 million worth of igaming revenue. Rush Street Interactive’s BetRivers, Super Group’s Spin Games and Jackpot City and DraftKings’ Golden Nugget Online Gaming also operate skins under Golden Nugget’s master licence.

New Jersey sports betting revenue up to $1.09 billion

Turning to sports betting, yearly revenue here was 8.7% up at $1.09 billion. This is another new record for the Garden State.

Handle-wise, players spent an all-time high of $12.77 billion betting on sports, an increase of 6.7%. This includes $12.27 billion in online wagers and a total retail spend of $499.2 million.

As such, the state was left with an annual sports betting hold of 8.54%.

FanDuel, which runs under a Meadowlands skin, took top spot with $459.4 million worth of revenue. The NJDGE does not publish information on handle for individual operators.

DraftKings, partnered with Resorts Casino Hotel, placed second with $289.1 million. Like in igaming, BetMGM and Borgata were third with $70.7 million.

Other operators include bet365, a Hard Rock Hotel and Casino partner, with $43.8 million. Caesars Interactive followed with $31.3 million, then Fanatics and Bally on $22.7 million. BetRivers and Monmouth posted $11.8 million, while ESPN Bet and Resorts Casino posted $8.7 million.

Land-based casinos lead despite revenue dip

Decline in the land-based casino sector was the only real down point for New Jersey during 2024. Revenue slipped 1.1% to $2.82 billion but remains the primary source of gambling revenue in the state.

Physical slot machine revenue fell 0.7% to $2.10 billion and table games revenue declined 2.0% to $721 million.

MGM’s Borgata Hotel Casino & Spa led this sector with $738.1 million in total revenue for the year. Hard Rock, New Jersey’s newest casino having opened in June 2018, placed second with $544.9 million. Ocean Resort, another June 2018 opening, was third on $409.7 million.

Five consecutive months of igaming records

As for how New Jersey performed in the final month of 2024, total revenue for December hit $522.6 million, only 0.1% ahead of the previous year.

Igaming was again the highlight, with revenue of $228.0 million being another new record. This beats the previous year by 26.5% and surpasses the existing record in November by 6.5%. December is the fifth consecutive month of a new igaming revenue record in New Jersey.

DraftKings also took top spot in December, generating $51.3 million in igaming revenue with partner Resorts Casino. FanDuel and Golden Nugget ranked second with revenue of $50.1 million, with BetMGM and Borgata third on $28.1 million.

Customer friendly sports results hit New Jersey betting

Looking to sports betting, December revenue slumped 42.6% to $62.8 million in the back of customer-friendly sports results that have impacted the entire market. This is also 47.2% behind November’s total.

Player spend on wagering in December topped $1.22 billion, of which $1.16 billion was spent online and $52.4 million at retail sportsbooks. Handle was 4.7% lower year-on-year but level with November.

As such, monthly hold for sports betting stood at 5.17%.

FanDuel and Meadowlands led with $29.7 million in revenue, ahead of DraftKings and Resorts Casino on $15.7 million. BetMGM and Borgata placed third with $6.1 million.

Elsewhere, Fanatics and Bally posted $5.0 million in revenue, Bet365 and Hard Rock $2.9 million and Caesars $1.3 million. In contrast, ESPN Bet and Resorts Casino suffered a $356,175 loss.

Finally, land-based casino revenue in December remained largely flat, falling 0.3% to $231.8 million, but was still the main source of gambling revenue. Slots revenue fell 4.2% to $168 million but revenue from table games jumped 11.6% to $63.8 million.

MGM’s Borgata was the best performing land-based casinos, posting monthly revenue of $62.7 million.