Record Streak Ends, But iGaming Threatened It With $182 Million In February Revenue

Written By David Danzis on March 15, 2024
Ocean Casino Resort players react to a slots win for a story on February 2024 revenue reports for online casinos in New Jersey

Blame it on the short month, but New Jersey online casinos came up just shy of the Garden State‘s all-time high in February.

NJ online casinos generated more than $182.3 million in revenue last month, according to data released Friday by the state Division of Gaming Enforcement. The monthly returns represent a 28% year-over-year increase and put the year-to-date total ahead of 2023 by 24%.

Online casinos posted $183.3 million in revenue in January, the highest monthly total in the 10-year history of legal internet gambling in NJ. February snaps a streak of four consecutive months of iGaming revenue setting a new monthly record.

New Jersey internet gambling revenue eclipsed $1.92 billion in revenue last year, nearly 16% higher than the previous annual record of $1.66 billion set in 2022.

LicenseeTotal RevenueSlots & TablesPokerTaxes
Golden Nugget Atlantic City$51,479,181$51,479,181---$7,721,973
Resorts Digital$48,007,502$47,169,982$837,520$7,468,001
Tropicana Atlantic City$11,447,243$11,447,243---$1,660,206
Hard Rock Atlantic City$10,266,560$10,266,560---$1,539,984
Bally's Atlantic City$8,694,777$8,694,777---$1,304,217
Caesars Interactive$5,579,984$4,919,135$660,849$827,726
Harrah's Atlantic City$802,840$802,840---$120,426

Golden Nugget and partners haul in $51.5 million

NJ gaming regulators do not separate out individual online gambling operators. As such, determining revenue from specific websites or mobile apps is not possible. Rather, the state lumps multiple operators together under licenses from Atlantic City casinos or approved online entities.

Golden Nugget and its online casino patterns are NJ’s top-performing internet casino licensee. Golden Nugget Casino NJ and partners, including FanDuel Casino NJ, BetRivers Casino NJ, and Betway Casino NJ, reported $51.5 million last month. Year-to-date, the group’s revenue is up 34.4% compared to the first two months of 2023.

Resorts Digital reported more than $48 million last month, a YoY increase of 33.5%. Resorts Casino, Mohegan Sun Casino, Poker Stars, and DraftKings Casino NJ all operate under Resorts Digital’s license. The grouping is up 27.7% YTD.

Plenty more year-over-year increases … except for Caesars

BetMGM Casino NJ, Party Casino & Party Poker, Pala Casino, Wheel of Fortune Casino, and Borgata (among others) all report under Borgata Hotel Casino & Spa. In February, the online operators generated $40 million, a marginal YoY increase of 0.7%.

Hard Rock AC and its online partners posted the largest YoY increase as a percentage, boosting revenue by 82.7%. Hard Rock Casino NJ and others generated $10.2 million last month. Year-to-date, the operators are up 68.6% over last year.

Ocean Casino Resort and its online partners jumped 59% YoY. The online casino group reported $6 million in revenue.

Bally’s AC and its internet skins generated nearly $8.7 million, a 46.4% YoY increase. For the year, Bally Casino NJ and partners have posted $17 million, up 54% over the first two months of 2023.

Tropicana AC’s online revenue increased by more than 71% to almost $11.5 million last month. Through February, the grouping has generated $21.7 million, up 50% YTD.

Caesars Interactive was the only licensee to post a YoY decrease in monthly revenue in February, reporting $5.6 million, which is a 32.8% drop from last year for the Caesars Palace NJ brand.

Photo by Wayne Parry / AP Photo
David Danzis Avatar
Written by
David Danzis

David Danzis is the lead writer for PlayNJ. He is a New Jersey native and honors graduate of Rutgers University. As a newspaper reporter for the New Jersey Herald and Press of Atlantic City, David earned statewide awards for his coverage of politics, government, education, sports, and business. Today, he is PlayNJ’s Atlantic City “insider” and gaming industry expert on casinos, sports betting, and online gambling. David lives in Atlantic County, NJ with his wife and two children.

View all posts by David Danzis
Privacy Policy