October NJ Online Casino Revenue Establishes New 2023 Record

posted by Ioana
December 1, 2023

The US gaming market reveals a ground-breaking record in the October NJ online casino revenue, setting the stage for a momentous 10th anniversary in November. According to figures released by the New Jersey Division of Gaming Enforcement, the NJ casino revenue broke prior records and helped the state’s online gambling industry’s total revenue reach $7 billion. This incredible accomplishment is the result of 10 years of steady growth and innovation, reinforcing the state’s position as a powerhouse in the betting domain. It’s a good idea to look ahead with confidence as we approach this momentous milestone.

The future looks promising, with the Garden State leading the way in the rapidly changing field in its continuous pursuit of quality and resilience. 

October NJ Online Casino Revenue Hits Record High, Surpassing $166 Million

The October NJ online casino revenue reached an unparalleled top, hitting a new record at an incredible $166.8 million, which is a tribute to the state’s thriving industry. This outstanding achievement exceeds notable revenue benchmarks reached in March and May of 2023, highlighting October’s noteworthy accomplishment as a turning point in the direction of the industry.

When the results are compared, revenue patterns become clearly higher, with October 2023 showing a noteworthy 13.3% rise over the same month the prior year. It is safe to say that the ongoing growth is a sign of the industry’s resiliency and ability to not just meet but also exceed expectations.

Looking at the big picture, NJ online casinos had a strong year, with October’s impressive numbers and steady growth making them a big industry player. Notably, October’s casino gambling New Jersey revenue grabbed a healthy 39.4% of the overall monthly gaming income that the licensees of Atlantic City casinos reported. With the largest monthly percentage seen over the previous ten years, October’s market domination secured its leader spot in New Jersey’s legal online casino history. 

Record-Breaking Growth and Steady Rise of NJ Online Gambling Sector

Since the unfortunate closure of AC casinos in March 2020 due to the COVID-19 pandemic, internet gambling in New Jersey has taken off. With the exception of a little decline in February 2021, NJ online casinos continuously exceeded the $100 million monthly revenue threshold after January 2021.

By the year 2023, the industry is booming, bringing in more than $140 million a month. Notably, earning close to $49.4 million in October, Golden Nugget AC and its online partners led the way. Resorts Digital followed closely, having made almost $45 million.

For a better understanding of how each US casino contributed to the record-breaking success of the October NJ online casino revenue, we have created an extensive table below:

LicenseeTotal RevenueSlots & TablesPokerTaxes
Golden Nugget AC$49,388,870$49,388,870N/A$6,494,860
Resorts$46,042,901$45,213,374$829,527$6,906,435
Borgata$35,565,728$34,869,091$696,637$5,338,436
Bally’s AC$7,061,175$7,061,175N/A$1,059,176
Ocean$4,927,264$4,927,264N/A$740,121
Caesars AC$6,034,565$5,188,306$846,259$907,658
Tropicana AC$9,442,660$9,442,660N/A$1,416,399
Harrah’s AC$8$8N/A$1
Hard Rock AC$8,335,901$8,335,901N/A$1,223,766
Total$166,799,072$164,426,649$2,372,423$24,086,852

October NJ Online Casino Revenue Breakdown

From Golden Nugget AC’s leading revenue to the resilience of Borgata amidst challenges, each casino’s story is a key player in the evolving narrative of NJ’s online success. In the following lines, we’ll explore the inside details of NJ casino revenue, emphasizing how each site performed and reached its target in October.

Golden Nugget AC

Golden Nugget Casino Atlantic City and its exciting partners, such as FanDuel Online Casino, BetRivers, and BetWay, stole the show in October. With a leading revenue of around $49.4 million, Golden Nugget AC raises the standard and becomes a shining example of success in the thriving NJ market. Thus, their unquestionable evolution is a result of their consistently high standards since their founding in 2013.

Golden Nugget online casino logo

Resorts Digital

With incredible success, Resorts Digital takes the lead, topping $45 million in October. This achievement demonstrates the variety of skills that make Resorts Digital a powerful leader, featuring its diverse group Resorts Casino, Mohegan Sun Casino, Poker Stars, and DraftKings Online Casino. With a unique blend of gaming and entertainment, Resort Digital has been a go-to destination since its establishment in 2015.

Resorts Casino Logo

Borgata Hotel Casino & Spa

Borgata Casino Atlantic City, under the tutelage of MGM Resort International, is synonymous with luxury. Still, after facing challenges from a cybersecurity incident in September, the operators and its online partners encountered a 13.2% decline in October, tallying over $35.5 million. Despite this setback, Borgata’s resilience in maintaining a significant share of the market highlights its enduring presence and potential for a rebound.

Borgata online casino logo

Collectively, Golden Nugget AC, Resorts Digital, and Borgata accounted for a substantial 78.5% of the digital market’s total NJ casino revenue in October. This only shows how important these key licensees were in determining the course taken by the US iGaming market. 

New Jersey’s online casinos demonstrated remarkable resilience in October 2023, achieving a record $166.8 million in revenue, a notable recovery from last month’s security incident. This strong performance solidifies New Jersey’s leading role in the U.S. online gambling sector, indicating a future of continued growth and innovation.

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