New Jersey's land-based casinos and online gaming sites reported revenue growth after several months of stagnation. Online platforms grew 25% compared to the same month last year
The New Jersey Division of Gaming Enforcement (DGE) released November 2024 results for nine Atlantic City casinos, reporting record revenue growth after two months of decline.
Atlantic City casinos reported a November GGR of $223.9 million, a 4% increase over last year.
The month was positive for five of the nine properties that reported revenue growth compared to November 2023:
The other four New Jersey properties, Bally’s, Caesars, Harrah’s, and Tropicana, reported losses.
DGE Director James Plousis said this was “the best November in 11 years.”
Online casinos and sportsbooks also reported revenue growth. Slot and table games revenue reached $214 million, up 25% from last year, marking the fourth consecutive quarter of growth.
Sports betting reported $1.22 billion in November 2024. Operator revenue reached $119 million, up 24% from last year.
Curiously, two other states (Pennsylvania and Michigan) also saw more than 20% growth in the online industry compared to November of last year.
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