New Jersey’s gambling industry won more money from gamblers in 2024 than ever before. The nearly $5.7 billion the casinos won last year smashed the old record of $5.2 billion. And when money won from sports betting at horse tracks is included, the total haul reached $6.3 billion.
So why aren’t the casinos happier? A lot of it has to do with the fact that the record was set with a big boost from internet gambling and sports betting.
Those revenue streams must be shared with outside parties including tech partners and sportsbooks, and is not solely for the casinos to keep.
For that reason, the casinos consider money won from in-person gamblers to be their core business.
