NJ Online Casinos Eclipse $1 Billion In Revenue For 2023, Well Ahead Of 2022

Written By David Danzis on August 16, 2023 - Last Updated on August 17, 2023
woman holding money behind poker chips and computer

Internet gambling in New Jersey has already generated more than $1 billion in revenue this year, putting online operators in a position to shatter 2022’s record-setting returns.

All told, online casinos in NJ generated more than $155 million in revenue last month, a 13.5% year-over-year increase from July ’22, according to data released Wednesday by the state Division of Gaming Enforcement. Year-to-date, online casinos have netted more than $1.085 billion in revenue, which is 14.2% higher than in the first seven months of 2022.

July’s numbers are up nearly 4% compared to June’s $149 million. Monthly NJ online gambling revenue has been above $140 million all of 2023.

Online gambling in NJ (excluding sports) now accounts for more than 36.8% of the total annual gaming revenue reported by Atlantic City casinos. That’s the highest percentage in the 45 years of legalized gambling in NJ or the 10-year history of legal internet gambling.

The state collected more than $23.2 million in taxes from online gambling in July. For the year, state tax collections from internet casino revenue are up to $162.8 million. AC’s nine casinos have collectively paid $103.9 million in taxes on in-person gambling revenue in 2023.

Analyzing July NJ online casino revenue

State gaming regulators lump groups of online gambling operators together under AC casino licenses or approved online entities for reporting purposes. As such, determining revenue from specific websites or mobile apps is not possible.

BetMGM Casino NJ, Party Casino & Party Poker, Pala Casino, Wheel of Fortune Casino (among others) all report under Borgata Hotel Casino & Spa. Last month, the online operators generated just under $43 million, which was the same as a year ago.

Resorts Digital Gaming LLC reported more than $40.5 million last month, a year-over-year increase of 33.1%. Resorts Casino, Mohegan Sun Casino, Poker Stars, DraftKings Casino NJ and Barstool all operate under RDG’s license.

Golden Nugget Atlantic City and its online partners, including BetRivers Casino NJ and Betway Casino NJ, reported $39.8 million in June. That figure represents a 15.2% Y-o-Y increase.

Bally’s AC posted the largest Y-o-Y percentage increase last month, boosting revenue by 70.2% to $6.8 million. In 2023, powered by Bally Casino NJ and Virgin Casino NJ, Bally’s has increased its online gaming revenue by more than 138% compared to the first seven months of 2022.

The next-largest monthly percentage increase belongs to Ocean Casino Resort and its online partners, who reported a 57% Y-o-Y increase but the market’s lowest monthly revenue of $4.3 million. Ocean and its online casino partners are up 106.6% Y-o-Y.

Hard Rock AC‘s online casino brands reported $6.7 million, up 17% from June 2022. The online casino revenue figures for the Hard Rock licensee grouping are down 0.2% from last year.

Caesars Interactive at $8.5 million (-21.7%) lost ground to last year. Tropicana AC saw a slight boost to $5.4 million from $5.3 million a year earlier. Year-to-date, the two entities are down 13.7% and 17.4%, respectively, compared to 2022.

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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.

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