December Casino Earnings of $180M Mark Record Finish for NJ Online Casinos

posted by Ioana
January 30, 2024

December casino earnings in New Jersey, specifically from online platforms, reached a historic high with $180 million in revenue. An important milestone was reached, with this result exceeding the figures of the Novemberrevenue, indicating a steady upward trend. The average casino profit also experienced a significant 19% rise compared with the figures from December 2022, which contributed significantly to the gaming platform’s yearly financial successful outcome.

The results of 2023 show that the online casinos operating in the Garden State had an impressive $1.9 billion revenue that showcases a 16% growth compared with the results of the previous year. These phenomenal December casino earnings reflect the sector’s continuous innovation and set new benchmarks for future endeavors.

New Jersey’s December Casino Earnings and a Decade of Successful Online Gambling

The Golden States’ December casino earnings reached $180 million, while a decade had passed since the legalization of online gaming in the state. These businesses have generated an impressive revenue of $7.4 billion since their launch in November 2013. 

In 2023, online gaming operators from New Jersey contributed 36.7% of the state’s total gambling revenue. Furthermore, online casinos paid $27 million in taxes for the last month of 2023. This amount forms a significant portion of the year’s total, which exceeds $300 million. In contrast, Atlantic City’s land-based casinos generated $178.2 million, which highlights the substantial economic impact of online platforms.

The Top Performers Among NJ Online Casinos in December 2023

Looking at the December 2023 remarkable performances of the major players in the New Jersey casino industry, we can observe that Golden Nugget AC led the way generating an impressive revenue of $52.8 million. These top casino earnings were also boosted by the performance of its associated brands. The list includes names such as BetRivers, Betway, FanDuel, and Golden Nugget. Resorts Digital and Borgata online casino followed suit, generating revenues of $46.1 and $40.5 million.

Their substantial contributions were crucial in elevating December’s overall casino earnings. Atlantic City Casinos like Tropicana AC, Hard Rock Atlantic City, Bally’s, Caesars Interactive, and Ocean were also key players in this record-setting month. Their contributions were crucial in realizing these top casino earnings, marking a historic moment in New Jersey’s online gambling:

License HolderRevenueTables & SlotsPokerTaxes
Bally Casino Atlantic City$7,868,324$7,868,324N/A$1,180,248
Borgata Casino Atlantic City$40,558,394$39,763,675$794,719$6,031,693
Caesars Casino Atlantic City$6,759,258$6,076,451$682,807$1,015,446
Golden Nugget AC$52,832,473$52,832,473N/A$8,010,353
Hard Rock AC$9,076,749$9,076,749N/A$1,361,513
Harrah’s AC$151,058$151,058N/A$22,659
Ocean Casino Atlantic City$5,809,595$5,809,595NA$870,596
Resorts Casino Atlantic City$46,115,541$45,318,753$796,788$6,906,082
Tropicana AC$11,136,895$11,136,895N/A$1,679,534

New Jersey’s Internet Gaming Monthly Revenue Wrap-Up

The New Jersey online gambling sector enjoyed notable contributions and growth from several key players in December 2023. Caesars Interactive stood out notably, generating an impressive $6.7 million in revenue on its own. Bally’s AC, Tropicana AC, Ocean Casino Resort, and Hard Rock AC also contributed substantially, each showing notable year-over-year growth.

The rising trend in average casino profits marks a key evolution in New Jersey’s online gambling industry. With a December revenue of $180 million, the sector reminds us of the casinos’ vital role in the state’s economy. This record-setting performance in December 2023, capping a decade of growth, highlights the online gambling market’s strength in New Jersey. The steady growth, coupled with the record December casino earnings, points to a bright future for online gambling in the state.

Read more about the past months’ revenue figures:

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