{"id":260,"date":"2024-06-27T12:55:07","date_gmt":"2024-06-27T09:55:07","guid":{"rendered":"https:\/\/comicplaynodepositbonus.icu\/2024\/06\/27\/new-jersey-gambling-revenue-climbs-in-april-despite-land-based-decline\/"},"modified":"2024-06-27T12:55:07","modified_gmt":"2024-06-27T09:55:07","slug":"new-jersey-gambling-revenue-climbs-in-april-despite-land-based-decline","status":"publish","type":"post","link":"https:\/\/comicplaynodepositbonus.icu\/2024\/06\/27\/new-jersey-gambling-revenue-climbs-in-april-despite-land-based-decline\/","title":{"rendered":"New Jersey Gambling Revenue Climbs in April Despite Land-Based Decline"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/CUcFFohAZHM\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>New Jersey&#8217;s gaming income in April climbed despite a drop in traditional gambling revenue.<\/p>\n<p>New Jersey&#8217;s gambling income in April jumped 10.4% year-over-year to $510.9 million (\u00a3403.7 million\/\u20ac470.6 million), with growth in internet gambling and sports betting offsetting declines in the brick-and-mortar gambling market.<\/p>\n<p>New Jersey&#8217;s gambling income in April increased despite a decline in land-based gambling revenue.<br \/>\nOverall income was noticeably higher than the $462.7 million reported in April of the previous year. However, the figure was 3.0% lower than the $5.266 billion reported by New Jersey in March.<\/p>\n<p>Starting with physical casinos, this is still the main source of gambling revenue in the Garden State. However, the $216.8 million generated in April was down 6.3% from the same period last year.<\/p>\n<p>Land-based slot machine revenue fell 6.4% to $158.8 million, while land-based table game revenue also fell 6.1% to $58.1 million.<\/p>\n<p>New Jersey online gambling continues to thrive<br \/>\nMoving to the online gambling space, the picture is very different. Revenue from all online gambling in April reached $187.9 million, up 18.2% year-on-year. This means that online gambling was only $28.9 million behind the long-standing land-based gambling sector in April.<\/p>\n<p>Of all online gambling revenue, $185.6 million was attributed to online slot games, where revenue grew 18.5% to $185.6 million. However, revenue from peer-to-peer poker fell 0.5% to $2.3 million.<\/p>\n<p>As for individual operators, Golden Nugget jumped from third place to first place in New Jersey in April. <\/p>\n<p>Digital wagering earnings hit $53.1 million, a 27.5% climb from the same timeframe last year.<\/p>\n<p>Resorts Digital came in second with $47.5 million in earnings, up 13.9% annually. Borgata claimed the third spot with $44.1 million in earnings in March, up 2.2%.<\/p>\n<p>Sports wagering earnings almost doubled to $106.2 million.<\/p>\n<p>Now let&#8217;s examine the sports wagering market, where earnings grew 46.9% annually to $106.2 million. This also represents a 74.1% increase compared to the $61 million recorded in March.<\/p>\n<p>The year-over-year increase in earnings was fueled by a 12.6% surge in handle, reaching $1.044 billion in April. Online sports bettors spent $1.01 billion, while retail sports betting spending reached $34.7 million.<\/p>\n<p>Meadowlands remains the leader in New Jersey&#8217;s sports wagering market, with earnings of $73.2 million, up 92.2% from 2023. Meadowlands partners with FanDuel, owned by Flutter Entertainment.<\/p>\n<p>Resorts Digital and its partner DraftKings came in second with $18.9 million in earnings, down 6.6%. Borgata and BetMGM ranked third with $5.2 million in earnings, down 21.6%.<\/p>\n<p>New Jersey gambling earnings surpassed $2 billion in four months.<\/p>\n<p>Total gambling earnings in New Jersey reached $2.06 billion in the four months ending April. This is up 14.4% from the same timeframe last year.<\/p>\n<p>Land-based gambling earnings dipped 1.6% to $872.9 million, with declines in both slot machines and table games.<\/p>\n<p>Digital gambling earnings climbed 21.1% to $750.7 million, driven by a 21.5% increase in slot machine earnings to $741.3 million. Conversely, peer-to-peer poker earnings fell 3.7% to $9.4 million. <\/p>\n<p>The realm of sports wagering has witnessed a dramatic upswing in the last four months, with a staggering $434.2 million placed in bets. This signifies a remarkable 48.6% jump compared to the $292.3 million wagered in 2023. Gamblers have collectively invested a total of $5.17 billion during this timeframe.<\/p>\n<p>Sign up for the iGaming newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Jersey&#8217;s gaming income in April climbed despite a drop in traditional gambling revenue. New Jersey&#8217;s gambling income in April jumped 10.4% year-over-year to $510.9 million (\u00a3403.7 million\/\u20ac470.6 million), with growth in internet gambling and sports betting offsetting declines in the brick-and-mortar gambling market. New Jersey&#8217;s gambling income in April increased despite a decline in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NJ Gambling Revenue Soars Despite Land-Based Drop<\/title>\n<meta name=\"description\" content=\"New Jersey\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/comicplaynodepositbonus.icu\/2024\/06\/27\/new-jersey-gambling-revenue-climbs-in-april-despite-land-based-decline\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"New Jersey Gambling Revenue Climbs in April Despite Land-Based Decline\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"New Jersey\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/comicplaynodepositbonus.icu\/2024\/06\/27\/new-jersey-gambling-revenue-climbs-in-april-despite-land-based-decline\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Stay on the Cutting Edge of Casino Entertainment | Licensed Games\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-27T09:55:07+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/comicplaynodepositbonus.icu\/2024\/06\/27\/new-jersey-gambling-revenue-climbs-in-april-despite-land-based-decline\/\",\"url\":\"https:\/\/comicplaynodepositbonus.icu\/2024\/06\/27\/new-jersey-gambling-revenue-climbs-in-april-despite-land-based-decline\/\",\"name\":\"NJ Gambling Revenue Soars Despite Land-Based Drop\",\"isPartOf\":{\"@id\":\"https:\/\/comicplaynodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-27T09:55:07+00:00\",\"dateModified\":\"2024-06-27T09:55:07+00:00\",\"author\":{\"@id\":\"https:\/\/comicplaynodepositbonus.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"New Jersey\",\"breadcrumb\":{\"@id\":\"https:\/\/comicplaynodepositbonus.icu\/2024\/06\/27\/new-jersey-gambling-revenue-climbs-in-april-despite-land-based-decline\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/comicplaynodepositbonus.icu\/2024\/06\/27\/new-jersey-gambling-revenue-climbs-in-april-despite-land-based-decline\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/comicplaynodepositbonus.icu\/2024\/06\/27\/new-jersey-gambling-revenue-climbs-in-april-despite-land-based-decline\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/comicplaynodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"New Jersey Gambling Revenue Climbs in April Despite Land-Based Decline\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/comicplaynodepositbonus.icu\/#website\",\"url\":\"https:\/\/comicplaynodepositbonus.icu\/\",\"name\":\"Stay on the Cutting Edge of Casino Entertainment | Licensed Games\",\"description\":\"Unlock the secrets of casino success with our regularly updated news, comprehensive reviews, and expert articles. 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