Sports betting operators in New Jersey were not exempt from the customer-friendly run of NFL betting results to kick off the fourth quarter.
Online sports betting revenue in New Jersey plummeted 31.8% in October compared to September.
Overall, revenue for the month topped out at $76 million, falling more than $35 million from September’s total of $111.5 million, according to the latest data from the New Jersey Division of Gaming Enforcement.
New Jersey sports betting by the numbers
Among New Jersey casinos with revenue from online sportsbooks, Hard Rock suffered the biggest revenue drop last month at 61.4%. Resorts also felt October’s sting, posting the second biggest revenue loss among such casinos at 39.09%.
| October gross revenue | September gross revenue | % change | |
|---|---|---|---|
| Bally's | $1,719,456 | $2,329,272 | -26.18% |
| Borgata | $7,963,708 | $8,822,621 | -9.74% |
| Golden Nugget | -$20 | -$9,215 | -99.78% |
| Hard Rock | $2,642,392 | $6,842,999 | -61.39% |
| Caesars Interactive NJ (Harrah's) | $128,692 | $54,266 | 137.15% |
| Oceans | $214,513 | $57,321 | 274.23% |
| Resorts | $23,816,662 | $39,098,327 | -39.09% |
| Caesars Interactive NJ (Tropicana) | $3,149,529 | $3,770,499 | -16.47% |
| New Meadowlands | $34,825,024 | $48,650,427 | -28.42% |
| Monmouth Park | $1,432,802 | $1,868,870 | -23.33% |
| Total | $75,892,758 | $111,485,387 | -31.93% |
A pair of online sportsbooks posted positive numbers this past month. Harrah’s Caesars affiliate more than doubled its revenue, while Oceans’ online sportsbook revenue rose by 274.2%.
Year-over-year numbers were down, too. The DGE reported that total revenue from online and retail sportsbooks fell 16% from October 2023 to $77.5 million this past month.
However, year-to-date revenue is strong in 2024. Through October, total sports wagering gross revenue came in at $912.8 million, up 13.9% from the $801.3 million generated at this point last year.
Total revenue should surpass $1 billion this year, as online and retail sportsbooks need just over $87 million over the next two months to make it happen.
Total casino revenue ticks up year over year
Gross revenue from all forms of gaming (land-based/online casinos and retail/online sportsbooks) hit $499.8 million in October, up 2.6% compared to the same point in 2023. Year to date, revenue surpassed the $5 billion mark his past month and is up 9.3% over the 2023 figures.
