The New Jersey Division of Gaming Enforcement recently announced that NJ online casinos set a new record in December with revenue of $151.5 million. This marks a significant increase of 13.7% from the same period in 2021, and surpasses the previous all-time monthly record of $147.2 million set two months earlier.
With the December results added to the 12-month totals, NJ online casinos and their land-based partners have earned a total of $1.66 billion for 2022, a 21.6% increase compared to the $1.37 billion earned in the previous year. The overall revenue for the Garden State since the launch of internet gaming in November 2013 now stands at $5.5 billion and counting.
Overall, the December report highlights the continued growth and success of NJ online casinos in the gambling industry.
NJ Online Gambling Reaches Record Highs
For the first time ever, license holders in New Jersey reported more than $40 million in online gambling revenue in the same month. The Borgata Hotel Casino & Spa, led by BetMGM and Borgata online casinos, set the record with $43.7 million in revenue, a 18% increase from the same period the previous year. However, this was not the Borgata’s highest-earning month, as November’s revenue was even higher at $44.3 million. The Borgata, which is operated by MGM, continues to be the top performer among Atlantic City casino license holders. The Marina District property and its online partners earned a total of nearly half a billion dollars ($496.3 million) for the year, including eight straight months of at least $40.5 million in revenue.
Resorts Digital, led by DraftKings, Barstool, and Resorts online casinos, reported an all-time record month with $40.4 million, a 22.7% increase from the same month the previous year ($32.9 million). This license holder is the online division of Resorts Atlantic City, and the full-year total came in at $393.3 million.
Golden Nugget Atlantic City, which includes BetRivers, FanDuel, and Golden Nugget online casino, reported $37.8 million for December, a 4.9% increase from December 2021. In terms of 2022 New Jersey gambling revenue totals, Golden Nugget finished in the second spot with $431.7 million.
December NJ Online Casino Revenue Breakdown by AC Casino License
The December NJ online casino revenue results have been compiled and here is a breakdown of the earnings by AC casino license. The table below shows the total revenue, revenue from casino games, poker, promotions, and taxes for each licensee.
|Licensee||Total Revenue||Casino Games||Poker||Promos||Taxes|
|Resorts Atlantic City||$40,397,270||$39,777,556||$619,714||$4,168,947||$7,070,249|
|Golden Nugget Atlantic City||$37,786,899||$37,786,899||$0||$5,259,216||$6,616,239|
|Caesars Atlantic City||$9,566,032||$8,810,572||$755,460||$0||$1,657,233|
|Tropicana Atlantic City||$5,925,358||$5,925,358||$0||$0||$1,036,938|
|Hard Rock Atlantic City||$5,333,620||$5,333,620||$0||$668,078||$937,353|
|Bally’s Atlantic City||$5,218,793||$5,218,793||$0||$772,198||$906,600|
Bally’s Atlantic City and Ocean Casino Resort Show Significant Year-Over-Year Growth in NJ Online Gaming Industry
The online casinos operating under the Bally’s Atlantic City and Ocean Casino Resort licenses may not be market leaders, but their year-over-year percentage growth is hard to ignore. A year ago, Bally’s AC was a minor player in the NJ online gaming industry, with only PointsBet Casino operating under its license. But now, thanks to the launch of Bally Casino and Virgin Casino moving from the Tropicana Atlantic City license, Bally’s is starting to see significant growth. In December 2022, Bally’s generated $5.2 million in revenue, which is a 1407.4% increase from December 2021. For the full year, Bally’s earned $41.8 million compared to $1.67 million the previous year, a 2,405% increase.
Ocean Casino Resort also showed tremendous growth last year. Their December 2022 Internet gaming win of $3.52 million was a 125% increase from December 2021. Although Ocean still ranks at the bottom of the Internet gaming revenue pack, their online business is clearly growing. PlayStar Casino launched under the Ocean license in the latter half of 2022. However, since New Jersey does not break down the results by brand, it is difficult to determine which of the four skins were the biggest contributors. Ocean, BetParx and Tipico casinos reported a combined 2022 revenue of $29.8 million, up 86.6% from the previous year.
NJ Online Casinos and Sports Betting Drive $5.2 Billion in 2022 Revenue
The NJ online gambling industry played a significant role in the overall revenue of New Jersey, which reached $5.2 billion in 2022. The online casino market alone generated $1.66 billion in revenue. Atlantic City’s land-based casinos also performed well, with a total revenue of $2.8 billion, including a strong December performance of $215.6 million, the best December in the past decade. Additionally, NJ sports betting contributed $762.9 million, ending the year with $87.7 million in December revenue. It remains to be seen if this trend will continue into 2023.