Online casinos in New Jersey generated their second-highest revenue-producing month ever in May, falling a few million short of the all-time record.
According to data released Monday by the state Division of Gaming Enforcement, online gambling netted operators more than $161.4 million in revenue last month. That figure is 18.7% higher than May 2022 ($136 million) and $2.4 million shy of March’s $165.7 million.
Through the first five months of 2023, NJ online casinos have generated more than $781.5 million, a year-over-year increase of almost 15%.
The state collected more than $24.2 million in taxes from NJ online gambling revenue last month. According to the NJDGE data, internet casino revenue has generated nearly $117.3 million in taxes in 2023.
NJ online casino breakdown for May
NJ does not break out online gambling revenue by individual operators. Rather, internet gambling returns are lumped together under an Atlantic City casino or three licensed online entities.
In May, Borgata Hotel Casino & Spa‘s grouping, which includes branded online casinos as well as BetMGM, Wheel of Fortune and Stardust Casino, posted a monthly high of $44 million. Borgata and its online skins (the operators authorized to use the casino’s license) have taken over the top spot in NJ online gaming.
Just behind was Golden Nugget Atlantic City‘s licensed operators with $43.5 million. The once-favored brand of NJ online gamblers is still a strong player in the online space but has ceded a lot of ground since the COVID-19 pandemic.
Resorts Digital includes some big-name sports betting partners in DraftKings and Barstool, both of whom also have online casinos as well. Resorts Digital and its online skins posted a 40% bump in monthly revenue with $41.7 million last month.
Bally’s Atlantic City and its online partners continue to make headway. The $6.8 million reported in May is a 101.6% increase over the same month in 2022. Ocean Casino Resort also had a significant increase in terms of percentage, going from $2.2 million last year to $3.4 million.
Caesars Interactive, an online-only entity that incorporates Caesars-branded skins as well as the World Series of Poker sites and Wynn Online Casino, netted just over $8.3 million. Tropicana, a Caesars Entertainment casino, also generated more than $8 million from online gaming in May.
Hard Rock Hotel & Casino Atlantic City and its online partners posted $5.7 million, a marginal 1% decrease from May 2022.