New Jersey's gambling market performed quite impressively this past November. According to data released by the state's Division of Gaming Enforcement, total gambling revenue for the month reached $636.2 million, not only a 14.2% increase from the same period last year but also a 4.1% rise from October this year. The market's growth momentum was fully blooming, with online gambling, sports betting, and land-based casinos all contributing to the strength, particularly the first two sectors. For more in-depth information on global gambling market dynamics, continue to follow the PASA official website.
iGaming: Approaching a historical peak, poker slightly lackluster
Online gambling revenue in November reached $253 million, up 18.2% year-over-year. This achievement is quite remarkable, just a step away (2.8% difference) from the historical record of $260.3 million set in October. Slot machines and table games contributed the majority of the revenue, totaling $250.8 million, up 18.5%. However, online poker revenue slightly lagged, down 4.6% year-over-year to $2.2 million. In terms of operators, the combination of FanDuel and Golden Nugget Lake Tahoe Resort continues to lead strongly, with revenues reaching $60.2 million.
Sports Betting: Significant revenue growth, but still some distance from the peak
Sports betting also showed strong performance, with November revenue at $146.3 million, a significant 23% increase year-over-year and a 26% increase from October. Although this sounds impressive, the figure is still some distance from the peak record of $170.8 million set in January 2024. The total betting amount from players reached $1.28 billion, with the online segment accounting for the vast majority, at $1.22 billion. Looking at operators, the online market was dominated by Meadowlands and FanDuel, with revenues reaching $61.5 million.
Land-based Casinos: Steady growth, with notable increase in table games
Traditional land-based casinos also maintained a steady growth trend, with November revenue at $236.8 million, up 5.7% year-over-year. Specifically, slot machine revenue saw a slight increase of 1.3%, to $169.8 million; however, table games revenue was particularly striking, up 19.1% year-over-year to $67 million, becoming the main engine driving growth in this sector.
As of the end of November, New Jersey's total gambling revenue for the year has reached $6.38 billion, up 10.4% year-over-year. This series of data clearly indicates that the state's gambling ecosystem is on a healthy, diverse growth trajectory.
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This article is from "PASA-Global iGaming Leader" gambling industry news channel:https://t.me/pasa_news
Original in-depth gambling channel:https://t.me/gamblingdeep
Free data reports: @pasa_research
PASA Matrix: @pasa002_bot
PASA official website: https://www.pasa.news
