The latest monthly revenue report from the New Jersey Division of Gaming Enforcement has revealed that combined gambling revenues for the month of January came to $559.1 million.
The latest figures represent an increase of 7.06% on the previous month’s total of $522.2 million and a 28% increase on the total reported in January 2024.
Casino Win
Land-based casinos in New Jersey reported revenues of $205 million, down by 3.1% year-on-year and 11.79% compared to the month of December’s total of $232.4 million.
For the month of January, three of the state’s nine casinos reported increases in casino win year-on-year.
- Ocean Casino – $33 million – up 8.3%
- Hard Rock – $37.3 million – up 3.9%
- Golden Nugget – $11.2 million – up 2.3%
The six casinos that reported a decrease in revenues were:
- Borgata – $57.6 million – down 1.2%
- Bally’s – $10 million – down 12.8%
- Caesars – $15.5 million – down 7.8%
- Harrah’s – $15.9 million – down 20.9%
- Tropicana – $13.3 million – down 18.1%
- Resorts – $10.9 million – down 1.4%
Internet Gaming
The month of January saw New Jersey’s iGaming operators report $183.3 million in combined revenues. This was an increase of 1.6% on the previous month’s total and a 19.9% increase on the $72.3 million reported in January 2023.
Sports Betting
New Jersey sports betting operators reported accepting a record $1.7 billion in wagers throughout the month of January. This beats the all-time record of $1.3 billion set in October 2021.
Of that figure, $1.67 billion of the month’s sports wagers were placed through online sportsbooks with the retail sector taking in $47.6 million.
Sports betting revenue came to $170.7 million marking a 136.1% increase year-on-year. This was another state record beating the previous record of $114.8 million set in November 2021.
January 2024 Sports Handle, Revenues & Taxes in New Jersey
| Period | Total Handle | Mobile Handle | Mobile Handle % | Sportsbook Revenue | Win % | State Taxes |
|---|---|---|---|---|---|---|
| Jan 2024 | $1,719,170,088 | $1,671,566,914 | 97.23% | $170,758,334 | 9.93% | $21,771,688 |
| Totals | $1,719,170,088 | $1,671,566,914 | 97.23% | $170,758,334 | 9.93% | $21,771,688 |
Olivia has worked as an editor and writer for major brands across multiple niches. She now focuses on the iGaming and sports betting industries.