New Jersey gambling revenue hits new heights in 2024 but casinos fall

New Jersey’s gambling revenue set a new record in 2024, hitting $5.7bn, up from the previous record of $5.2bn, however with online gaming accounting for $2.4bn last year, up more than 24 per cent, casino executives have said the results were ‘disappointing.’

In-person gambling in Atlantic City’s casinos dropped by 1.1 per cent compared to 2023, coming in at $2.8bn.

Mark Giannantonio, President of the Casino Association of New Jersey, said results on the gaming floor were ‘very disappointing.’

“In 2025, all stakeholders at both the state and local level must be laser-focused on addressing and fixing the challenges in our city that have caused the decline in visitation once and for all. Working collaboratively, we can find solutions to these issues and transform Atlantic City once again into a leading beachfront resort destination.”

Sports betting also set a new record in 2024, with a best ever $12.7bn in bets and $1.1bn in revenue , up 8.7 per cent increase from 2023.

Jane Bokunewicz, Director of the Lloyd D. Levenson Institute of Gaming, Hospitality and Tourism at Stockton University, said: “There is no clear evidence that online gambling is cannibalizing traditional casino revenues. Both sectors are growing, but operators will need to stay attuned to emerging trends and changing customer preferences.”

​New Jersey’s gambling revenue set a new record in 2024, hitting $5.7bn, up from the previous record of $5.2bn, however with online gaming accounting for $2.4bn last year, up more than 24 per cent, casino executives have said the results were ‘disappointing.’ In-person gambling in Atlantic City’s casinos dropped by 1.1 per cent compared to…