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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:
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.
