{"id":212,"date":"2024-06-25T20:27:07","date_gmt":"2024-06-25T17:27:07","guid":{"rendered":"https:\/\/winportcasinonodepositbonus.icu\/2024\/06\/25\/new-jersey-gambling-revenue-surges-in-april-fueled-by-online-growth\/"},"modified":"2024-06-25T20:27:07","modified_gmt":"2024-06-25T17:27:07","slug":"new-jersey-gambling-revenue-surges-in-april-fueled-by-online-growth","status":"publish","type":"post","link":"https:\/\/winportcasinonodepositbonus.icu\/2024\/06\/25\/new-jersey-gambling-revenue-surges-in-april-fueled-by-online-growth\/","title":{"rendered":"New Jersey Gambling Revenue Surges in April, Fueled by Online Growth"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/B80e47LlDIc\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The Garden State&#8217;s gambling income in April exhibited a positive trend, despite a reduction in revenue from brick-and-mortar casinos.<\/p>\n<p>New Jersey&#8217;s gambling earnings in April climbed by 10.4% annually to $510.9 million (\u00a3403.7 million\/\u20ac470.6 million), with growth in online gambling and sports betting counterbalancing the decrease in the physical casino market.<\/p>\n<p>Overall income was significantly higher than the $462.7 million reported in April of the previous year. Nevertheless, the figure was 3.0% lower than the $526.6 million reported by New Jersey in March.<\/p>\n<p>Beginning with physical casinos, this remains the primary source of gambling income 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>Income from physical slot machines dropped by 6.4% to $158.8 million, while income from physical table games also decreased by 6.1% to $58.1 million.<\/p>\n<p>New Jersey&#8217;s online gambling business continues to flourish.<br \/>\nShifting to the online gambling sector, the picture is quite different. Revenue from all online gambling in April reached $187.9 million, a year-on-year increase of 18.2%. This means that online gambling was only $28.9 million lower than the historically dominant physical casino sector in April.<\/p>\n<p>Of all online gambling revenue, $185.6 million was attributed to online slot games, with income in this area increasing by 18.5% to $185.6 million. However, income from peer-to-peer poker fell by 0.5% to $2.3 million.<\/p>\n<p>Regarding individual operators, Golden Nugget ascended to the top spot in New Jersey in April from third place. <\/p>\n<p>Internet wagering income achieved $53.1 million, a 27.5% surge from the corresponding period last year.<\/p>\n<p>Resorts Digital secured the second spot with $47.5 million in earnings, reflecting a 13.9% year-on-year increase. Borgata, which held the top position in March, now occupies third place with $44.1 million in revenue, representing a 2.2% rise.<\/p>\n<p>Sports wagering income nearly doubled to $106.2 million. The sports betting sector witnessed a 46.9% year-on-year increase in revenue, reaching $106.2 million. This also signifies a 74.1% jump from the $61 million recorded in March.<\/p>\n<p>Year-on-year revenue growth was fueled by a 12.6% surge in handle, which attained $1.044 billion in April. Online sports betting player spending hit $1.01 billion, while retail sports betting spending reached $34.7 million.<\/p>\n<p>Meadowlands remains the frontrunner in New Jersey&#8217;s sports betting market, boasting $73.2 million in revenue, a 92.2% increase from 2023. Meadowlands collaborates with FanDuel, a subsidiary of Flutter Entertainment.<\/p>\n<p>Resorts Digital and its partner DraftKings secured the second position with $18.9 million in revenue, experiencing a 6.6% decline. Borgata and BetMGM claimed the third spot with $5.2 million in revenue, reflecting a 21.6% drop.<\/p>\n<p>New Jersey gambling income surpassed $2 billion within four months. Total gambling revenue in New Jersey reached $2.06 billion in the four-month period ending in April. This represents a 14.4% increase from the corresponding period last year.<\/p>\n<p>Traditional gambling revenue dipped by 1.6% to $872.9 million, with declines observed in both slot machines and table games.<\/p>\n<p>Internet gambling revenue surged by 21.1% to $750.7 million, driven by a 21.5% increase in slot machine revenue, reaching $741.3 million. In contrast, peer-to-peer poker revenue fell by 3.7% to $9.4 million. <\/p>\n<p>The realm of sports wagering witnessed a substantial surge in the past four months, with the aggregate amount of bets reaching a staggering $434.2 million! This represents a colossal 48.6% upswing in comparison to the corresponding period last year, when punters placed bets totaling $292.3 million.  In the grand scheme of things, bettors collectively spent a total of $5.17 billion on sports betting during this timeframe. <\/p>\n<p>Don&#8217;t miss out on the latest developments and perspectives from the iGaming domain &#8211; sign up for our newsletter today! <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Garden State&#8217;s gambling income in April exhibited a positive trend, despite a reduction in&#8230;<\/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 Soars Despite Casino Dip<\/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:\/\/winportcasinonodepositbonus.icu\/2024\/06\/25\/new-jersey-gambling-revenue-surges-in-april-fueled-by-online-growth\/\" 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 Surges in April, Fueled by Online Growth\" 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:\/\/winportcasinonodepositbonus.icu\/2024\/06\/25\/new-jersey-gambling-revenue-surges-in-april-fueled-by-online-growth\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Unleash Your Inner Casino Champion | Licensed Games &amp; Strategies\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-25T17:27:07+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=\"3 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:\/\/winportcasinonodepositbonus.icu\/2024\/06\/25\/new-jersey-gambling-revenue-surges-in-april-fueled-by-online-growth\/\",\"url\":\"https:\/\/winportcasinonodepositbonus.icu\/2024\/06\/25\/new-jersey-gambling-revenue-surges-in-april-fueled-by-online-growth\/\",\"name\":\"NJ Gambling Soars Despite Casino Dip\",\"isPartOf\":{\"@id\":\"https:\/\/winportcasinonodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-25T17:27:07+00:00\",\"dateModified\":\"2024-06-25T17:27:07+00:00\",\"author\":{\"@id\":\"https:\/\/winportcasinonodepositbonus.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"New Jersey\",\"breadcrumb\":{\"@id\":\"https:\/\/winportcasinonodepositbonus.icu\/2024\/06\/25\/new-jersey-gambling-revenue-surges-in-april-fueled-by-online-growth\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/winportcasinonodepositbonus.icu\/2024\/06\/25\/new-jersey-gambling-revenue-surges-in-april-fueled-by-online-growth\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/winportcasinonodepositbonus.icu\/2024\/06\/25\/new-jersey-gambling-revenue-surges-in-april-fueled-by-online-growth\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/winportcasinonodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"New Jersey Gambling Revenue Surges in April, Fueled by Online Growth\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/winportcasinonodepositbonus.icu\/#website\",\"url\":\"https:\/\/winportcasinonodepositbonus.icu\/\",\"name\":\"Unleash Your Inner Casino Champion | Licensed Games &amp; Strategies\",\"description\":\"Discover the secrets of casino success through our fresh news, in-depth game reviews, and informative insights. 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