written and last updated by
Sam Smith at
17 Sep 2024
Journalist, Editorial Department
Financial results for New Jersey's gaming industry in August 2024 have been released, revealing a total revenue of $555.1 million (50.76 billion rubles). This marks a 1.3% increase compared to July and a year-over-year improvement from August 2023, when the industry generated $531.6 million (48.6 billion rubles).
The primary driver of this growth was the iGaming sector, which saw a remarkable 27.8% increase in revenue from 2023 to 2024, reaching $198.4 million (18.1 billion rubles). This figure sets a new monthly record for the state. Of this total, slot machines accounted for $196 million (17.9 billion rubles), reflecting a 28.2% rise compared to the previous year.
Leading the iGaming sector in August were Golden Nugget and DraftKings, with revenues of $55 million (4.57 billion rubles) and $43.2 million (3.95 billion rubles), respectively. The Fanatics brand also achieved record earnings, bringing in $2.6 million (237.7 million rubles).
Land-based casinos continue to be the primary source of gaming revenue in New Jersey. In August, they generated a total of $294 million (26.9 billion rubles), a 4.9% increase from last year. Slot machines contributed $221.6 million (20.3 billion rubles), up 5.3%, while revenue from table games rose by 3.8% to $72.4 million (6.6 billion rubles).
Borgata Casino maintained its position as the top earner in the land-based sector, with an August revenue of $74.2 million (6.79 billion rubles), followed by Hard Rock with $55.4 million (5.07 billion rubles).
Overall, New Jersey's gaming industry has generated $4.16 billion (380.4 billion rubles) in revenue over the past eight months, marking a 10.5% increase compared to the previous year. The online slots segment alone earned $1.52 billion (139 billion rubles), reflecting a 22.7% growth. In contrast, the land-based casino sector saw a slight decline of 0.2%, totaling $1.92 billion (175.6 billion rubles).
Notably, Pennsylvania's gaming industry reported revenues exceeding half a billion dollars in July, driven by its iGaming sector.
