New Jersey Online Casinos Post Second-Highest Revenue in History

The revenue figures are in. While they didn’t exceed March’s $197.2 million, they still notched $187.9 million, representing the second-highest monthly total in New Jersey online casino history. 

The $187.9 million, in addition to being the second-highest, also represented a year-over-year increase of 18.2%. 

Now, through four months, New Jersey has generated more than three-quarters of a billion dollars, with $750.7 million. These figures are already ahead by 21.2% compared to last year’s mark, which generated $1.92 billion. 

The $1.92 billion in 2023 is the single-year record, breaking 2022’s mark of $1.66 billion.

New Jersey is on pace for well over $2.2 billion at this rate. 

Additionally, the state collected nearly $113 million in taxes, and in April, it got $28.3 million. 

In New Jersey, the various gaming venues are taxed differently: 

• Retail casinos (8%)
• Online sports betting (13%)
• Retail sports betting (8%)
• Online casino play (15%)

Here are the Top Licensees

Looking at the numbers, Golden Nugget Atlantic City was the top licensee at more than $53 million. 

Caesars Interactive came in last and was the only licensee to fail to meet $1 million. 

Online Gambling Revenue Performance

Leading the way for individual skins was DraftKings, with $39,238,978. Just behind them was FanDuel with $39,063,216. 

Here’s a look at how all online casinos in the state performed: 

Of course, Unibet is withdrawing from the United States, so it’s no surprise to see them losing more than $6,000. Jackpot City, a newer online casino, was the next lowest figure, bringing in just over $25,000. 

DraftKings and FanDuel contributed nearly 42% of the state's revenue. This was nearly more than the next seven online casinos combined. 

Five other online casinos, including BetMGM, Borgata, and Caesars Palace, had revenue in the eight digits.