Every month, the New Jersey Division of Gaming Enforcement releases the legal online gambling revenue for land-based licensees for the previous month. Online casinos in the state of New Jersey generated nearly $187 million in June of 2024. The state is on track for a 21% year-over-year improvement from 2023 to 2024.

Biggest growth in iGaming

The combined revenue from land-based casinos, iGaming, and sports betting in New Jersey hit $491 million for June. Land-based casinos generated the most revenue for the state in June. Revenue in this segment reached slightly over $244 million, including revenue for slot machines and table games.

However, the biggest growth in New Jersey was in iGaming. This is edging closer all the time to the revenue from New Jersey land-based casinos. BetPARX is an example of a popular online New Jersey casino where players can play a variety of games in a safe and secure environment. Its app has a user-friendly interface, and players have access to many safe payment methods.

The growth of iGaming in New Jersey is driven mainly by the convenience of online gaming, allowing safe and secure play from anywhere and at any time using a mobile device and a casino app.

Increase in tax revenue

Online casinos contributed $28 million in tax revenue in June. This brings the total up to almost $170 million in the year. The increase in the volume of online gaming, together with its higher tax rate, means that the state of New Jersey can collect an increasing amount of total gambling taxes. Increasing tax revenue contribution from states where online gambling is legal is one of the US gambling market trends. To ensure the sustainability of this revenue stream, which helps to fund important projects, New Jersey must continue to support online casinos.

Online gambling will be legal through 2028

New Jersey was one of the first states to legalize online gaming. In 2023, Governor Phil Murphy signed a law to re-authorize it for another five years through 2028. Players in New Jersey can continue to look for games with the best odds and try their luck at online casinos. New Jersey is likely to stay at the forefront of the evolving gambling industry in the United States. It is doing what it can to nurture online gambling. The New Jersey success story can be inspirational for other states looking to legalize online gambling.