New Jersey online casinos have been on quite a tear lately, setting new monthly revenue records in five of the last six months leading up to Thursday’s release of April’s gaming figures.
Once again, the iGaming industry in the Garden State threatened for the top mark.
According to data published by the NJ Division of Gaming Enforcement, internet casino operators in NJ generated just under $187.9 million in revenue last month, representing an 18.2% year-over-year increase. April’s returns fell short of March’s record-setting $197.2 million, but are still good enough for the second-highest monthly total in the state’s 10-year-plus history of legal online casinos.
Through the first four months of 2024, iGaming has generated over $750.7 million in revenue, putting the market segment 21.2% ahead of last year’s pace. In 2023, NJ online casinos generated more than $1.92 billion, which was almost 16% higher than 2022’s record-setting $1.66 billion.
The state has collected $112.8 million from the 15% tax rate applied to online gambling revenue, including $28.3 million last month. Land-based gambling revenue from Atlantic City casinos (8%), NJ online sports betting revenue (13%) and retail sportsbooks (8.5%) are taxed at different rates in New Jersey.
| Licensee | Total Revenue | Slots & Tables | Poker | Taxes |
|---|---|---|---|---|
| Golden Nugget Atlantic City | $53,104,373 | $53,104,373 | --- | $7,973,358 |
| Resorts Digital | $47,512,229 | $46,685,384 | $826,845 | $7,129,594 |
| Borgata | $44,148,869 | $43,316,796 | $832,073 | $6,676,711 |
| Tropicana Atlantic City | $15,732,066 | $15,109,867 | $622,199 | $2,360,634 |
| Hard Rock Atlantic City | $10,241,852 | $10,241,852 | --- | $1,536,279 |
| Bally's Atlantic City | $8,234,420 | $8,234,420 | --- | $1,235,165 |
| Ocean | $6,707,774 | $6,707,774 | --- | $1,007,533 |
| Harrah's Atlantic City | $1,584,574 | $1,584,574 | --- | $237,686 |
| Caesars Interactive | $612,910 | $598,053 | $14,857 | $92,016 |
| Total | $187,879,067 | $185,583,093 | $2,295,974 | $28,248,976 |
Better look at the numbers of NJ online casinos
April 2024 is only the second time since online casinos were introduced in November 2013 that NJ gambling regulators published monthly financial data for individual operators. For March’s numbers, the NJDGE released brand-specific data for the first time ever and included January and February breakdowns as well.
DraftKings Online Casino NJ and FanDuel Online Casino NJ are undisputed market leaders. The two brands combined for nearly 41.7% of the monthly total generated by all 31 NJ online casino operators in April.
DraftKings posted more than $39.2 million last month. In 2024, DK’s online casino in NJ generated nearly $162 million. FanDuel reported more than $39 million in April, bringing its annual total to a shade under $160 million.
Caesars Palace Online Casino NJ generated more than $11.3 million in April. For the year, the Caesars online casino brand has netted $46.2 million.
The two big brands operating under AC’s Borgata Hotel Casino & Spa also had a good April. BetMGM Online Casino NJ and Borgata Online Casino NJ generated $22.9 million and $17.6 million, respectively.
| Online casino | Total Revenue | Slots & Tables | Poker |
|---|---|---|---|
| DraftKings | $39,238,978 | $39,238,978 | --- |
| FanDuel | $39,063,216 | $39,063,216 | --- |
| BetMGM | $23,184,189 | $22,864,345 | $319,844 |
| Borgata | $17,594,111 | $17,259,646 | $334,465 |
| Caesars Palace | $11,350,554 | $11,350,554 | --- |
| Hard Rock Bet | $8,881,657 | $8,881,657 | --- |
| BetRivers | $6,874,855 | $6,874,855 | --- |
| Golden Nugget | $6,711,779 | $6,711,779 | --- |
| Bally | $5,782,576 | $5,782,576 | --- |
| ESPN Bet | $3,324,547 | $3,324,547 | --- |
| PlayStar | $2,357,442 | $2,357,442 | --- |
| Tropicana | $2,318,071 | $2,318,071 | --- |
| Resorts | $2,214,128 | $2,214,128 | --- |
| Ocean | $2,171,438 | $2,171,438 | --- |
| PartyPoker | $1,868,784 | $1,691,020 | $177,764 |
| Virgin | $1,696,962 | $1,696,962 | --- |
| Jackpocket | $1,584,574 | $1,584,574 | --- |
| PokerStars | $1,545,396 | $718,551 | $826,845 |
| Bet365 | $1,366,337 | $1,366,337 | --- |
| Mohegan Sun | $1,189,180 | $1,189,180 | --- |
| Harrah's | $1,133,605 | $1,133,605 | --- |
| Tipico | $1,123,232 | $1,123,232 | --- |
| Parx | $1,055,662 | $1,055,662 | --- |
| Pala/Stardust | $950,919 | $950,919 | --- |
| WSOP | $929,836 | $307,637 | $622,199 |
| PointsBet | $754,882 | $754,882 | --- |
| 888 | $612,910 | $598,053 | $14,857 |
| Wheel of Fortune | $550,866 | $550,866 | --- |
| Betway | $429,175 | $429,175 | --- |
| Jackpot City | $25,348 | $25,348 | --- |
| Unibet | ($6,142) | ($6,142) | --- |
| Total | $187,879,067 | $185,583,093 | $2,295,974 |
