New Jersey Online Casinos Post Second-Highest Revenue in History
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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.
