In some surprising but welcome news from the Garden State, it was shown that revenues are ip by a whopping 21% in online casinos, surpassing even Atlantic City revenues. What’s even more surprising is that even with online casinos being legal in the state since 2013, this is the first time that online casino revenues have reached a record high. According to the NJDGE (New Jersey Division of Gaming Enforcement), online casinos had another increase in revenue last May, totaling over $192 million. Although this was arguably less than March, which was the highest grossing month at over $197 million in revenue, it still beats last year’s earnings by as much as 19%.

The relevance of this year’s 5th month revenue

This is the 6th month of 2024, and the revenue of New Jersey online casinos continue to climb, topping over $942 million in year-to-year revenue – which has also surpassed last year’s growth by as much as 20%. All of this data is particularly relevant because, in the fiscal year of 2023, online casinos in NJ garnered a total of $1.9 billion – which was its highest-grossing year to date since online casinos started in the state in 2013. So that means that this year may well beat last year’s mind-blowing $1.9 billion revenue – and we’re only halfway through 2024.

Online casino revenue by licensee

In NJ, which, as we all know, is a pioneer in online gambling in the United States, there are more than a few licensed operators, from Borgata to Bally’s Atlantic City and Caesars Interactive. But the top contender dominated the list once again, with Golden Nugget taking the number one spot and earning almost $54.5 million in revenue. 2nd place was taken by Resorts Digital, which earned over $49 million, and the third place was rounded up by Borgata, which amassed almost $43 million.

The 4th spot was taken by Tropicana Atlantic City, with earnings of over $16 million, and Hard Rock Atlantic City took 5th place with more than $10 million in earnings in 2023. The 6th to 9th spot were as follows: Bally’s Atlantic City (over $8 million), Ocean (almost $7 million), Harrah’s Atlantic City (approximately $1,500M), and Caesars Interactive, with earnings a little over $300,000.

The reason for Golden Nugget’s supremacy was due to the FanDuel online casino, which generated more than $40 million under the Golden Nugget brand. From January to May, Golden Nugget was unstoppable, earning an astonishing $268.5 million, and the FanDuel brand made up a huge chunk of this at $200 million. But surprisingly enough, the top individual performer goes to DraftKings, a subsidiary of Resorts Digital Gaming, which produced $42.2 million.

Individual online casino revenue

When it comes to individual online casinos and their performance, here’s how each casino tallies: at the top of the list is DraftKings, with earnings of almost $42.3 million, followed by FanDuel, with a little over $40 million. BetMGM took third place with around $22 million in earnings, and also on the top ten list were Borgata, Caesars Palace, Hard Rock Bet, Golden Nugget, BetRivers, Bally’s, and Ocean.

As we can clearly deduce from the list, online casino gaming in the Garden State seems to be increasing year by year. In the last eight months, particularly this year alone, we’ve seen the resurgence of online gambling in the state. If this continues, NJ online casinos are predicted to generate significant revenues of around $2.26 billion - which is way more than the figures for 2023.