New Jersey Online Casinos Surge, See 21% Increase and Second-Best Month Ever

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New Jersey Online Casinos Surge, See 21% Increase and Second-Best Month Ever

While the retail casino industry in the Atlantic City has had its ups and downs, the online sphere is surging as May 2024 was the second-highest-grossing month ever for the online platforms in The Garden State. 

According to the New Jersey Division of Gaming Enforcement, online casinos generated more than $192 million in May 2024. This fell just short of March’s record-breaking month of $197.2 million but was up 19% year-over-year. 

Now, through five months of 2024, New Jersey online casinos have generated just about $942.8 million in revenue year-to-date, which is 20.6% higher than where they were last year at this point. 

That’s important because in 2023, New Jersey online casinos generated $1.9 billion, which was the highest-grossing year of all time in the state’s history, and online casinos have been around since 2013. 

Revenue Breakdown by Licensee

Here’s a breakdown of the total revenue per licensee in the state: 

  • Golden Nugget Atlantic City: $54,502,531
  • Resorts Digital: $49,265,099
  • Borgata: $43,952,025
  • Tropicana Atlantic City: $16,703,580
  • Hard Rock Atlantic City: $10,403,264
  • Bally’s Atlantic City: $8,546,110
  • Ocean: $6,852,664
  • Harrah’s Atlantic City: $1,515,461
  • Caesars Interactive: $332,123

Golden Nugget topped the list once again as FanDuel online casino generated over $40 million and it’s under the Golden Nugget license. Through May, the Golden Nugget license has generated $268.5 million and FanDuel is responsible for about $200 million of that. 

However, FanDuel’s $40 million wasn’t the top individual performance. That belongs to DraftKings online casino, which falls under the Resorts Digital Gaming license. It generated $42.2 million. 

Breakdown by Individual Casino

Here’s a list of the individual casinos and how they performed: 

  • DraftKings: $42,228,550
  • FanDuel: $40,001,890
  • BetMGM: $22,781,335
  • Borgata: $18,026,418
  • Caesars Palace: $12,372,232
  • Hard Rock Bet: $8,990,471
  • BetRivers: $7,220,115
  • Golden Nugget: $6,730,445
  • Bally’s: $5,853,692
  • Ocean: $2,485,318
  • ESPN Bet: $2,425,265
  • Tropicana: $2,350,754
  • Resorts: $2,110,340
  • PlayStar: $2,044,646
  • Virgin: $1,712,633
  • Jackpocket: $1,515,461
  • PokerStars: $1,464,877
  • PartyPoker: $1,436,753
  • bet365: $1,411,714
  • Tipico: $1,280,961
  • Harrah’s: $1,254,856
  • Parx: $1,041,739
  • Mohegan Sun: $1,036,067
  • Pala/Stardust: $1,015,675
  • Fanatics: $963,543
  • WSOP: $725,738
  • Wheel of Fortune: $691,844
  • Jackpot City: $338,967
  • 888: $332,123
  • Betway: $211,114
  • PointsBet: $16,242
  • Unibet: $1,079

As mentioned, online gaming in The Garden State is surging. Over the past eight months, there have been first months that set a new record.

At this current pace, New Jersey online casinos are set to see revenues of around $2.26 billion, which would topple the 2023 figure. 

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