It was a record-breaking month for gaming revenue in New Jersey in January.

It was a record-breaking month for gaming revenue in New Jersey in January.

 The state of New Jersey has announced a prosperous beginning to the year 2024, with revenue from igaming reaching an all-time high and revenue and handle gained from sports betting setting new monthly records in the month of January.
 The state of New Jersey  January's total gaming income in New Jersey hit $559.1 million, which is equivalent to £442.9 million or €518.4 million.  This figure was 28.0% higher than the $436.9 million recorded in January 2023 and 7.1% higher than the $522.2 million recorded in December of the previous year.

 Land-based casinos continue to be the most important source of revenue for the gambling industry in New Jersey.  Revenue in this region was $205.0 million in January, representing a year-on-year decrease of 3.1%. 

 There was a 5.8% decrease in income to $143.0 million for physical slots, which have traditionally been one of the most important money-makers in New Jersey.  Despite this, revenue from land-based table games increased by 3.7% to reach $62.1 million.

 The overall revenue from gaming was 7.1% more than the $522.2 million that was recorded in December of the previous year.
 With a record January, online gaming tightens the gap with land-based gambling.
 For the month of January, the land-based market experienced a decline, but the situation in the online gaming industry could not be more different.  In New Jersey, revenue from online gambling hit $183.3 million, representing a year-on-year increase of 19.9% and a new monthly high.

 The income generated by online slot machines increased by 20.4%, reaching a total of $180.8 million.  Despite this, income from online poker dropped by 8.2% to a total of $2.5 million.

 With $52.2 million in revenue in January, Golden Nugget continues to be the leader in the igaming industry in New Jersey.  Second place went to Resorts Digital with $49.3 million, followed by Borgata with $42.0 million.

 There is continued expansion in the New Jersey sports betting business.
 On the other hand, more records were broken in January when it came to sports betting.  A record $170.8 million was brought in by sports betting throughout the month, representing a 136.1% increase from $72.3 million.

 The amount of money wagered on sports reached a new high of $170.8 million, representing a 136.1% increase from $72.3 million.
 This was brought about by players spending an all-time high amount of money.  In January, the total handle was $1.72 billion, representing a 5.3% rise from the previous year.  Bets placed online hit $1.67 billion, while retail wagers totalled $47.4 million.

 With a total revenue of $113 million, Meadowlands and its partners FanDuel, PointsBet, and SuperBook maintained their position as the frontrunners.  Borgata and BetMGM came in second and third, respectively, with $8.0 million, followed by DraftKings and Resorts World, which came in a distant second.

 Is it possible that New Jersey may establish a new record in the year 2024?
 Following the results of the month of January, New Jersey is now in a strong position to shatter annual records in the year 2024.  Over the course of the previous year, the state achieved record-breaking levels of success in a number of domains, including a total revenue of $5.78 billion.

 Igaming revenue in this region hit $1.92 billion, setting a new record and an increase of 15.7% compared to 2022.  In addition, income from sports betting reached a record annual high of $1.01 billion, representing a 31.9% increase from 2022 and marking the first time that the state topped the $1.00 billion threshold.