New Jersey Online Casinos Break Revenue Record In December 2023

Written By J.R. Duren on January 18, 2024
Online Casino With Poker Chips Illustration

The records keep falling in New Jersey.

After setting all-time revenue totals in October and November, NJ online casinos continued their hot streak in December by generating $180.3 million in win. It’s the first time in New Jersey iGaming history that revenue surpassed $180 million and represents a 7.8% jump over December 2022.

In total, casinos posted $232.4 million in revenue last month from online casinos, retail gaming, and sports betting.

Tropicana and Hard Rock see a big jump in online casino revenue

Of the eight casinos that offer iGaming in the Garden State, six of them posted positive year-on-year revenue numbers, led by Tropicana Atlantic City and Hard Rock Hotel & Casino Atlantic City:

NJ December 2023 Casino Revenue Year Over Year Comparison Bar Chart

New Jersey online casinos’ $180.3 million in December revenue surpassed NJ’s November gaming revenue by around $9 million. And it exceeded NJ’s October 20223 gaming revenue by around $14 million.

The biggest factor in December’s record-breaking revenue growth? Consistent gains from every casino but Bally’s and Resorts. Golden Nugget and Borgata saw their monthly wins rise by around $2.7 million each. Tropicana was up around $2 million, and Caesars Interactive posted a roughly $1.1 million gain.

Retail casinos and sports betting revenues up monthly and yearly

According to data from the New Jersey Division of Gaming Enforcement, December 2023 was a profitable month for New Jersey’s retail casinos and sportsbooks, too. New Jersey’s nine casinos posted $232.9 million in revenue from its gaming operations at brick-and-mortar casinos.

That figure is up around $17.5 million compared to November. And it’s 7.8% higher than the $215.6 million they earned in December 2022.

On the sports betting side, the state’s revenue from in-person (casinos and racetracks) and mobile betting topped out at $109.4 million. Up 14.1% over November and 24.8% compared to December 2022.

2023 total gaming revenue beats 2022 by $570 million

New Jersey’s casinos, racetracks, and their partners create $522.2 million in revenue across retail and mobile gaming. That number was nearly $40 million higher than November and almost $68 million higher than December 2022.

For the year, New Jersey gaming revenue finished at $5.78 billion, up $570 million (10.9%) over 2022.

Photo by PlayUSA
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J.R. Duren

J.R. Duren has covered the gambling beats for more than a dozen states for Catena Media since 2015. His past reporting experience includes two years at the Villages Daily Sun, and he is a first-place winner at the Florida Press Club Excellence in Journalism Contest.

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