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New Jersey Sees Gambling Revenue Rise in April Despite Decline in Land-Based Sector

So, in April, gambling revenue in New Jersey went up by 10.4% compared to last year, reaching a total of $510.9 million. This increase was mainly driven by the growth in igaming and sports betting, which more than made up for a decline in the land-based casino market.
Total revenue was higher than last April's $462.7 million, but it fell a bit short of March 2024's $526.6 million.
New Jersey Sees Gambling Revenue Rise
Now, let's talk about the land-based casinos first. They're still the main source of gambling revenue in New Jersey, but they saw a decline this April. Revenue generated from land-based casinos was $216.8 million, which is 6.3% less than last year. Both physical slot machine revenue and land-based table games revenue experienced a decline of 6.4% and 6.1%, respectively.
But here's where it gets interesting – the igaming sector! Revenue from all igaming activities in April reached $187.9 million, marking an impressive 18.2% increase from last year. Online slot games were the big winners here, bringing in $185.6 million, up 18.5%. However, revenue from peer-to-peer poker slipped slightly to $2.3 million.
Moving on to sports betting – revenue almost doubled to $106.2 million, up 46.9% from last year and reaching 74.1% increase from March this year.
The increase in revenue was supported by a 12.6% rise in handle, reaching $1.044 billion in April. Meadowlands led the way with $73.2 million in revenue, followed by Resorts Digital and Borgata.
Overall, New Jersey's gambling revenue for the first four months of the year surpassed $2.06 billion, a 14.4% increase from last year.
That's all for today's update on New Jersey's gambling scene. If you found this information interesting, don't forget to like, share, and subscribe for more updates!

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