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US – New Jersey’s online gaming sector breaks monthly revenue record

By - 19 April 2023

Online gambling revenue in New Jersey set a new monthly high in March, shattering the previous record by nearly $13m.

According to data from the NJ Division of Gaming Enforcement, NJ online casinos and poker generated $165.7m last month. March’s revenue total is 8.4 per cent higher than the prior monthly high of $152.8m set in January.

Year-over-year, March 2023’s revenue was 17.8 per cent higher than the same month last year. Online gambling has generated $461.2m through the first quarter of 2023, a 12.9 per cent Y-o-Y increase over 2022. NJ online casinos continue to thrive, grow

March was the 25th consecutive month of online gaming revenue in NJ exceeding $100m.

Based on DGE data, online gambling revenue accounted for 38 per cent of March’s total gambling revenue reported by Atlantic City casinos and their digital partners. In March 2019, one year before the coronavirus pandemic closed AC’s nine casinos, online gaming revenue only accounted for 14.3% of the monthly total.

New Jersey collected nearly $25m in taxes from online gambling revenue in March. For the year, online gambling taxes have added $69.3m to state coffers. By comparison, Atlantic City casinos have paid $41.8m in taxes from in-person gambling revenues this year. Closer look at March ’23 NJ online gambling revenue numbers

State gaming regulators do not separate out individual online gambling operators. As such, determining revenue from specific websites or mobile apps is not possible. Instead, the state lumps multiple operators together under AC casino licenses or approved online entities.

Resorts Digital reported more than $44.8m last month, a year-over-year increase of 45.5 per cent. Online table games and slots netted slightly more than $43.9m, while internet poker generated less than $955,000. 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. In March, the online operators generated just shy of $44m, with over $43.1m coming from digital tables and slots.

Golden Nugget Online Casino is still among NJ’s top-performing internet casino brands. Along with Stardust, BetRivers and BetWay, Golden Nugget reported $42.7m in March without any poker revenue.

Bally’s posted the largest Y-o-Y increase as a percentage and in real dollars, boosting revenue by 274.6 per cent by going from $1.8m to $6.7m.

Hard Rock’s online casino brands reported $6.8m, up 19.5 per cent from March 2022. Ocean Casino Resort and its online partners posted $4.6m, almost doubling last year’s returns.

Caesars Interactive ($8.4m, down 15.2 per cent) and Tropicana ($7.6m, down 26.5 per cent) have lost ground to last year in all three months of 2023. Year-to-date, the two entities are down 16.8 per cent and 23.9 per cent, respectively, compared to 2022.

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