In a month marked by unprecedented highs for New Jersey’s gambling industry, the state shattered multiple revenue records in January, signaling a robust start to 2024. However, amidst the celebration, there was a notable occurrence as traditional in-person casino earnings experienced a decline.

Internet Gambling and Sports Betting Reach Historic Highs in New Jersey

According to figures released by the New Jersey Division of Gaming Enforcement, January saw remarkable spikes across key metrics. Internet gambling revenue surged to a historic $183 million, marking a nearly 20% increase from the previous year, reported Associated Press. Sports betting also saw a monumental rise, with earnings reaching nearly $171 million, reflecting a staggering uptick of more than 136%.

While these numbers are cause for celebration, they also underscore a shifting landscape in the gambling industry. James Plousis, chairman of the New Jersey Casino Control Commission, highlighted the enduring impact of online gaming and sports wagering, emphasizing their role in providing a competitive advantage to operators, especially during traditionally slower periods like Atlantic City’s off-season.

The meteoric rise of online channels can be partly attributed to external factors such as harsher winter weather, which likely diverted brick-and-mortar activity towards digital platforms. 

Jane Bokunewicz, director of the Lloyd Levenson Institute at Stockton University, noted this trend, suggesting that the surge in internet gaming and online sports betting totals could be a consequence of adverse weather conditions.

New Jersey’s In-Person Gambling Struggles Amidst Online Success

However, despite the remarkable performance in online segments, the core concern remains the decline in earnings from in-person gamblers. In January, in-person casino winnings totaled just over $205 million, reflecting a 3.1% decrease from the previous year. This downward trajectory is compounded by the fact that in-person earnings continue to lag behind pre-pandemic levels, a trend observed since early 2020.

The disparity in performance among Atlantic City’s casinos further highlights the evolving dynamics within the industry. While newer establishments like the Borgata, Hard Rock, and Ocean reported gains in in-person earnings compared to four years ago, two-thirds of the city’s casinos are still grappling with lower revenues from traditional gambling activities.

Despite these challenges, the overall outlook for New Jersey’s gambling industry remains optimistic. The state’s casinos and tracks collectively recorded $1.71 billion in sports bets in January, setting a new record and surpassing previous benchmarks. This achievement underscores New Jersey’s resilience and reaffirms its position as a leading player in the legal sports betting landscape, alongside states like New York and Nevada.

In December 2023, New Jersey’s gambling industry saw significant growth across all segments, with total gaming revenue reaching $522.2 million, marking a 14.8% increase from the previous year.

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EveryMatrix, a leading provider of platform and B2B solutions to the betting and gaming industries has unveiled a new compliance-oriented arrangement. As announced, the supplier has signed terms to use Complitech, a technical compliance database for online gambling entities.

Complitech will, under the agreement, leverage its powerful database to provide EveryMatrix with the full technical compliance requirements for over 50 regulated markets all over the world. In addition, Complitech offers a suite of gap analysis tools that allow its partners to accurately determine the workload of new market entries.

Complitech is a subscription-based service offered by Maxima Compliance, which is a part of ComplianeOne Group.

As a global supplier that operates in the EMEA region and the United States, EveryMatrix recognizes the importance of compliance. The company, which is famed as a provider of cutting-edge iGaming solutions, content and services, continues to steadily grow its global presence, which further highlights its need for compliance data.

Complitech Will Help EveryMatrix Sort Out Its Compliance Neeeds

Representatives from EveryMatrix and Maxima Compliance commented on the agreement, sharing their excitement to work together. Miriam McCoull, Maxima Compliance’s head of Complitech, said that her team is “really honored” that a provider as respected as EveryMatrix has opted to trust the Complitech database.

The Complitech database is trusted by those looking to achieve both excellence and efficiency across their compliance function. With new markets and functionality added on an ongoing basis, it is a must-have tool for suppliers in regulated markets.

Miriam McCoull, head of Complitech, Maxima Compliance

Meanwhile, Mina Bolînu, EveryMatrix’s lead technical compliance officer, praised Maxima Compliance’s services, saying that they are sure to help EveryMatrix sort out its compliance needs.

We are delighted to start using the services provided by Maxima Compliance that will improve our throughput and accuracy in navigating our industry’s constantly changing regulatory landscape.

Mina Bolînu, lead technical compliance officer, EveryMatrix

EveryMatrix Continues to Grow Globally

In other news, EveryMatrix just acquired Deep Competitive Intelligence, a global affiliate intelligence platform. Under the agreement, the latter platform will be fully integrated into EveryMatrix’s business, allowing it to benefit from a series of unique performance-tracking tools.

Prior to the M&A arrangement, EveryMatrix launched games in New Jersey thanks to its existing agreement with DraftKings. As a result, players in the Garden State can now enjoy games such as Armadillo Goes West, Mythological Mayhem Supreme Streaks and Fortune Dragon Queen Exotic Wilds.

Several weeks ago, EveryMatrix secured an international B2B license from the Isle of Man, further expanding its global presence.

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