New Jersey Online Casinos Riding High Heading Into 2023

For those who thought New Jersey online casinos couldn’t get more profitable, think again. To close out 2022, online casinos in the Garden State reported $151.5 million in revenue for December. Not only that, the industry also eclipsed $1 billion for the year. 

According to the New Jersey Division of Gaming Enforcement, NJ online casinos generated $1.66 billion for 2022, a 21.6% increase compared to the $1.37 billion earned one year prior. 

As it stands, the online casino industry in New Jersey has generated a grand total of $5.5 billion since its 2013 debut. 

Profitable December to close out 2022 for New Jersey online casinos

As mentioned, the eight online casino licensees generated $151.5 million in revenue in December, resulting in $26.5 million in state taxes. 

The top online operator to close out the year was Borgata Hotel Casino & Spa, powered by BetMGM. Borgata generated $43.7 million in revenue, up 18% from the same period last year. 

In second was Resort Digital, led by DraftKings, Barstool and Resorts. The three operators reported an all-time record month with $40.4 million. That’s up 22.7% from the same month last year ($32.9 million).

Closing out the top three was Golden Nugget Atlantic City, which includes BetRivers, FanDuel and Golden Nugget online casino. Combined, the three operators reported $37.8 million. 

New Jersey online casino revenue numbers: 

• Borgata – $43.7 million
• Resorts Atlantic City – $40.4 million
• Golden Nugget Atlantic City – $37.8 million
• Caesars Atlantic City – $9.6 million
• Tropicana Atlantic City – $5.9 million
• Hard Rock Atlantic City – $5.3 million
• Bally’s Atlantic City – $5.2 million
• Ocean – $3.5 million

Total NJ gaming revenue

Total NJ gaming revenue came in at $5.2 billion, which includes the $1.66 billion from NJ online casinos. AC land-based casino revenue totaled $2.8 billion, including $215.6 million generated in December. 

As for New Jersey sports betting, the industry accounted for $762.9 million of the total NJ gambling revenue. To finish the year, NJ sportsbooks collected $87.7 million in revenue for December.