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$1.62 billion in sports betting revenue in New Jersey



In a landmark achievement for the gambling industry, New Jersey casinos have set a new record in sports betting revenue, amassing an impressive $1.62 billion in November alone. This milestone underscores a significant shift in the gambling landscape, where online betting platforms are increasingly becoming a dominant force. The Atlantic City gambling market, traditionally reliant on physical casinos, is witnessing a transformative phase, adapting to the digital age with remarkable success.

Record-Breaking Figures

According to, November's figures are not just impressive; they are historic. The $1.62 billion in sports betting revenue marks a pinnacle of success for New Jersey's gambling sector, showcasing the state's burgeoning appeal as a premier betting destination. This record-setting performance is a testament to the growing popularity of sports betting among residents and visitors alike, fueled by a wide array of wagering options and the convenience of online platforms. The achievement is even more notable when considering the competitive landscape of the gambling industry, both regionally and nationally.

The Rise of Online Gambling

The surge in sports betting revenue is paralleled by an equally impressive performance in the online gambling sector. In November, online table games and slots generated more than $171.5 million in revenue for casinos and their technology partners. This remarkable figure highlights the pivotal role that digital platforms play in today's gambling ecosystem. The integration of sophisticated technology and the expansion of online betting options have not only diversified the ways in which people gamble but have also opened up new revenue streams for casinos. The New Jersey Division of Gaming Enforcement's latest figures provide concrete evidence of this trend, indicating a shift towards a more technology-driven gambling market.

Impact on the Atlantic City Gambling Market

The record revenues from internet gambling and sports betting are reshaping the Atlantic City gambling market, signaling a shift towards a less traditional, more digitally-focused industry. This evolution reflects a broader trend of adaptation and innovation within the sector, as operators seek to meet the changing preferences of gamblers. According to industry experts, such as Jane Bokunewicz of the Lloyd Levenson Institute at Stockton University, these developments are not undermining the brick-and-mortar casinos but rather complementing them. The integration of online and sports betting revenues is seen as filling a niche, offering new ways for consumers to engage with gambling. This diversification is crucial for the sustainability of the market, ensuring that it remains resilient in the face of changing consumer behaviors and technological advancements.

Casino Performances

The performance of individual casinos in New Jersey has been a mixed bag, with only Hard Rock and the Ocean Casino Resort outperforming their pre-pandemic in-person gambling revenues in November. This variance highlights the competitive nature of the industry and the different strategies employed by casinos to attract gamblers. Online gambling operations, such as those of the Golden Nugget, have seen significant success, with the casino winning over $50 million from internet games in November, a nearly 33% increase from the previous year. Other casinos, including Resorts Digital and the Borgata, also reported substantial online winnings, underscoring the importance of digital platforms in today's gambling ecosystem. These figures not only reflect the shifting dynamics of the gambling market but also underscore the potential for growth and adaptation among New Jersey's casinos.

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Sports Betting's Contribution to Overall Revenue

The contribution of sports betting to New Jersey's overall gambling revenue is significant, with the total amount won from in-person, online, and sports betting combined reaching $482.4 million in November, marking a 9.4% increase from the previous year. This growth is indicative of the robust health of the gambling industry in the state, buoyed by the surge in sports betting. The "handle," or total amount bet on sports, reached a new high, further emphasizing the critical role sports betting plays in the market. Notably, the Meadowlands Racetrack and Resorts Digital, with affiliations to major sportsbooks like FanDuel and DraftKings, were among the top earners from sports betting, highlighting the lucrative nature of this segment. The success of sports betting in contributing to the overall revenue underscores its importance as a key driver of growth for the gambling industry in New Jersey.

The Future of Gambling in New Jersey

As New Jersey's gambling industry continues to set records and evolve, the future looks promising yet filled with challenges and opportunities. Experts predict that the trend towards online gambling and sports betting will not only continue but accelerate, driven by technological advancements and changing consumer preferences. This shift presents a unique set of challenges for traditional casinos, which must adapt to remain competitive in an increasingly digital marketplace. However, it also offers opportunities for growth and innovation, as the integration of online platforms can attract a broader audience and create new revenue streams.

The potential for further regulatory changes and market expansion also plays a critical role in shaping the future of gambling in New Jersey. As the state navigates the complexities of the gambling industry, decisions made by lawmakers and regulators will have significant implications for how the market develops. Moreover, the ongoing competition with neighboring states for gambling revenue will necessitate continuous innovation and improvement to maintain New Jersey's position as a leading gambling destination.