Online casinos in New Jersey are way ahead of 2022’s record-setting pace through the first half of this year, according to recent data from state regulators.
Data released Friday by the NJ Division of Gaming Enforcement shows online gambling generated nearly $149.3 million in revenue in June, a 12.1% year-over-year increase from June ’22. Year-to-date, online casinos have netted more than $930 million in revenue, which is 14% higher than in the first six months of 2022.
June’s numbers are lower than May’s $161.4 million or March’s all-time high of $165.7 million, but monthly online gambling revenue has been above $140 million all of 2023.
Online casinos in NJ now account for more than 37.6% of the statewide total gaming revenue. Atlantic City casinos account for 54.8% of the state’s total, the lowest such percentage in the 10 years of legal online gambling in NJ.
New Jersey continues to thrive off NJ online casinos
The state collected more than $22.3 million in taxes from NJ online gambling revenue in June and $139.6 million for the entire year. AC’s nine casinos have collectively paid $85.7 million in taxes on in-person gambling revenues in 2023.
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.
Breaking down industry by NJ online casino licenseholder
Resorts Digital reported more than $35.6 million last month, a year-over-year increase of 26.8%. 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. Last month, the online operators generated just over $39.4 million. Compared to June 2022, the grouping’s revenue declined by 2.8%.
Golden Nugget Atlantic City and its online partners regained the title of NJ’s top-performing internet casino brands. Along with BetRivers and BetWay, Golden Nugget reported $41.8 million in June.
Bally’s AC posted the second-largest Y-o-Y percentage increase last month, boosting revenue by 62.7% by going from $4 million to $6.6 million. The largest monthly percentage increase belongs to Ocean Casino Resort and its online partners, who reported a 106.1% Y-o-Y increase but the market’s lowest monthly revenue of $4.8 million.
Hard Rock AC‘s online casino brands reported $5.5 million, down 8.1% from June 2022.
Caesars Interactive ($9 million, -3.6%) and Tropicana AC ($6.4 million, -7.8%) lost ground to last year. Year-to-date, the two entities are down 12.2% and 19.3%, respectively, compared to 2022.
