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New Jersey online casinos set new monthly revenue record

18 Apr 2023

(PRESS RELEASE) -- Online gambling revenue in New Jersey set a new monthly high in March, shattering the previous record by nearly $13 million.

According to data from the NJ Division of Gaming Enforcement, NJ online casinos and poker generated $165.7 million last month. March’s revenue total is 8.4% higher than the prior monthly high of $152.8 million set in January.

Year-over-year, March 2023’s revenue was 17.8% higher than the same month last year. Online gambling has generated $461.2 million through the first quarter of 2023, a 12.9% Y-o-Y increase over 2022. NJ online casinos continue to thrive, grow

March was the 25th consecutive month of online gaming revenue in NJ exceeding $100 million.

Based on DGE data, online gambling revenue accounted for 38% of March’s total gambling revenue reported by Atlantic City casinos and their digital partners. In March 2019, one year before the coronavirus pandemic closed AC’s nine casinos, online gaming revenue only accounted for 14.3% of the monthly total.

New Jersey collected nearly $25 million in taxes from online gambling revenue in March. For the year, online gambling taxes have added $69.3 million to state coffers. By comparison, Atlantic City casinos have paid $41.8 million in taxes from in-person gambling revenues this year. Closer look at March ’23 NJ online gambling revenue numbers

State gaming regulators do not separate out individual online gambling operators. As such, determining revenue from specific websites or mobile apps is not possible. Instead, the state lumps multiple operators together under AC casino licenses or approved online entities.

Resorts Digital reported more than $44.8 million last month, a year-over-year increase of 45.5%. Online table games and slots netted slightly more than $43.9 million, while internet poker generated less than $955,000. Resorts Casino, Mohegan Sun Casino, Poker Stars, DraftKings and Barstool all operate under Resorts Digital’s license.

BetMGM, Party Casino & Party Poker, Pala Casino, Wheel of Fortune Casino (among others) all report under Borgata Hotel Casino & Spa. In March, the online operators generated just shy of $44 million, with over $43.1 million coming from digital tables and slots.

Golden Nugget Online Casino is still among NJ’s top-performing internet casino brands. Along with Stardust, BetRivers and BetWay, Golden Nugget reported $42.7 million in March without any poker revenue.

Bally’s posted the largest Y-o-Y increase as a percentage and in real dollars, boosting revenue by 274.6% by going from $1.8 million to $6.7 million.

Hard Rock’s online casino brands reported $6.8 million, up 19.5% from March 2022. Ocean Casino Resort and its online partners posted $4.6 million, almost doubling last year’s returns.

Caesars Interactive ($8.4 million, -15.2%) and Tropicana ($7.6 million, -26.5%) have lost ground to last year in all three months of 2023. Year-to-date, the two entities are down 16.8% and 23.9%, respectively, compared to 2022.
 
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