October 2023 Was The Best Month Ever For NJ Online Casino Revenue

Written By David Danzis on November 17, 2023
television news with $166.8 million graphic for new jersey online casinos october 2023 revenue

Online gambling in New Jersey set a new monthly record in October, a fitting way to approach the industry’s 10-year anniversary in November.

The new all-time record also pushed the lifetime total of NJ’s online gambling industry to over $7 billion, based on data from state gaming regulators.

October was hot for NJ online casinos

According to the latest figures from the state Division of Gaming Enforcement, NJ online casinos generated nearly $166.8 million in October. The monthly total was a 13.3% increase over October 2022.

Last month’s total eclipsed the prior all-time high of $165.7 million set in March 2023. It was only the third time ever that monthly NJ online gambling revenue was more than $160 million, with May 2023 ($161.4 million) joining the other two instances.

As a share of the total monthly gaming revenue reported by Atlantic City casino licensees, internet gaming accounted for 39.4% of the market in October. That is the highest monthly percentage in the decadelong history of legal internet casinos in NJ.

Year-to-date, NJ online casinos have generated more than $1.57 billion, a 15.1% increase compared to the first 10 months of 2022. The annual total of iGaming revenue last year was $1.66 billion, the largest ever yearly haul of any US jurisdiction with legal online gambling.

Growth is the name of the game for NJ internet gambling

COVID-19 forced AC casinos to close in March 2020 and accelerated the growth of online gambling in NJ.

Since NJ online casino revenue first eclipsed the $100-million mark in January 2021, only once (February 2021) has the market segment failed to do so again. NJ online casinos have generated more than $140 million in every month of 2023.

Golden Nugget AC and its online partners, including FanDuel Online Casino, BetRivers and BetWay, generated October’s highest revenue. The AC market leader reported just shy of $49.4 million last month.

Resorts Digital also exceeded $45 million in October, according to the NJDGE. The group, including Resorts Casino, Mohegan Sun Casino, Poker Stars and DraftKings Online Casino, reported $46 million.

Clearly impacted by September’s cyber security incident, MGM Resort International’s Borgata Hotel Casino & Spa and its online partners posted a 13.2% decline in October. Collectively, BetMGM, Borgata Online Casino and others, tallied more than $35.5 million.

Combined, those three licensees accounted for 78.5% of the digital market’s monthly total.

In terms of percentage increases, Bally’s AC (+49.6%) and Ocean Casino (+51.2%) led the way in October.

Here is a breakdown of the October NJ online casino revenue results by AC casino license:

LicenseeTotal RevenueSlots & TablesPokerTaxes
Bally's Atlantic City$7,061,175$7,061,175---$1,059,176
Borgata$35,565,728$34,869,091$696,637$5,338,436
Caesars Atlantic City$6,034,565$5,188,306$846,259$907,658
Golden Nugget Atlantic City$49,388,870$49,388,870---$6,494,860
Hard Rock Atlantic City$8,335,901$8,335,901---$1,223,766
Harrah's Atlantic City$8$8---$1
Ocean$4,927,264$4,927,264---$740,121
Resorts Atlantic City$46,042,901$45,213,374$829,527$6,906,435
Tropicana Atlantic City$9,442,660$9,442,660---$1,416,399
Total$166,799,072$164,426,649$2,372,423$24,086,852
Photo by PlayNJ
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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. When not on the beach, a golf course, or snowboarding, David enjoys watching his beloved New York sports teams — Yankees, Jets, Rangers and Knicks.

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