Another month, another record for online casinos in New Jersey.
But March is also very different. That’s because, for the first time ever, state gambling regulators included revenue information for individual online operators in the Garden State. After more than 10 years of legal online gambling in NJ, the public can finally see how each digital operator is performing.
There are no more guessing games. No more speculation or estimates.
And the results are…
DraftKings outpacing FanDuel so far in 2024
According to March financial data released Tuesday by the Division of Gaming Enforcement, DraftKings Online Casino NJ and FanDuel Online Casino NJ are unquestionably the top two internet casino operators in the state. Year-to-date, DraftKings has generated roughly $122.7 million, while FanDuel reported about $120.9 million.
Combined, the two online casino operators account for 43.3% of the $562.8 million generated by all 31 online skins in NJ through the month of March.
DraftKings Online Casino operates in NJ under the license of Resorts Digital Gaming, along with Mohegan Sun, Resorts, PokerStars and Hollywood online casinos. FanDuel Online Casino is authorized in NJ by using Golden Nugget Atlantic City‘s gaming license, along with Golden Nugget, BetRivers and BetWay online casinos.
BetMGM Online Casino ($64.3M), Borgata Online Casino ($52.3M), Caesars Palace Online Casino ($34.9M) and Hard Rock Bet ($25.7M) were the only other digital operators to exceed $20 million in revenue so far in 2024.
Two of the aforementioned skins — BetRivers and Golden Nugget — came close, with $19.7 million and $19.4 million, respectively, year-to-date. Bally Online Casino has generated more than $17.8 million in 2024, according to the NJDGE reports.
Another online casino record set in March
Oh, did we mention that online casinos set a new monthly revenue record in March, too?
Collectively, online casinos in NJ generated just a shade under $197.2 million in March 2024, up 19% compared to March 2023. The previous all-time high of $183.3 million was set in January 2024.
March 2024 is the fifth time in the last six months that revenue from NJ online casinos has rewritten the record books.
Year-to-date, online gambling revenue is up 22% over the same three-month stretch in 2023. Last year, NJ online casino revenue set an all-time high of $1.92 billion, which was almost 16% higher than 2022’s record-setting $1.66 billion.
NJ continues to be the biggest beneficiary of the state’s rapidly expanding legal online gambling market. Another $29.6 million was added to the state coffers in March, bringing the 2024 total taxes paid by online operators to $84.6 million.
