New Jersey Online Gambling Revenue Hits Record High

In September 2024, Massachusetts set new records in gaming and sports betting, with casinos generating approximately $92.06 million in gross gaming revenue and taxable sports wagering revenue reaching $73.49 million, significantly contributing to the state's economy. Meanwhile, New Jersey's iGaming sector also achieved unprecedented success, surpassing $208 million in revenue for the first time, driven primarily by online slots and table games, while sports betting added another $119.6 million. Despite this growth in online gaming, traditional in-person gambling in Atlantic City faced challenges, with retail casino revenue decreasing by 6.5% compared to September 2023. The overall gaming revenue in New Jersey reached $558.28 million, marking a 7.1% increase year-over-year, yet the reliance on online platforms highlights a shift in consumer behavior. Analysts noted a mixed picture for Atlantic City, with online gaming thriving while traditional casino earnings lag behind pre-pandemic levels. The contrasting fortunes of these two states underline the evolving landscape of the gaming industry in the U.S.