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After having a successful December, New Jersey online casinos generated $183.3 million in January, showing a slight monthly and almost 20% year-over-year increase.
In total, NJ casinos, racetracks and their partners collected $559.1 million in revenue across retail and online verticals. That number is up 7.07% month-over-month and a 28% increase ($122.2 million more) compared to January 2023.
Apart from online casino win, the total gaming figure includes revenue from sports betting ($170.8 million) and land-based casinos ($205.0 million).
Fourth straight month of setting records in NJ online casino revenue
As mentioned, the gambling win reported by NJ online casinos and their partners was $183.3 million, reflecting a yearly growth of 19.9% compared to $152.9 million reported in January 2023. The online casino win also represents a 1.65% monthly increase from a previous record of $180.3 million set in December.
January was the fourth month in a row that saw online gambling revenue in NJ reaching new highs.
NJ online gambling operators finished 2023 in style, surpassing $180 million in revenue. Previous records include:
- $180.3 million set in December
- $171.6 million scored in November
- October’s high of $166.8 million
Together with its online casino patterns, Golden Nugget was once again the top-performing NJ internet casino licensee (with $52.23 million), followed by Resorts Digital ($49.27 million) and Borgata ($42.02 million).
Meanwhile, New Jersey brick-and-mortar casinos weren’t experiencing as much growth at the beginning of the year. Namely, nine casino hotel properties in New Jersey reported $205.0 million in revenue in January. According to the New Jersey Division of Gaming Enforcement’s (DGE) data, the number represents a 3.1% yearly decline compared to January 2023’s $211.7 million. The figure is also a monthly drop of 11.79%.
January 2024 numbers boosted by strong sports betting revenue
Sports betting gross revenue reported by casinos, racetracks, and their partners was $170.8 million. January’s figure reflects a 136.1% increase from $72.3 million reported at the same time last year. It is also a 56.05% progress from December.
Betting on Super Bowl increases
Attorney General Matthew J. Platkin and the DGE also announced preliminary wagering data related to Super Bowl LVIII, held on Feb. 11.
Preliminary wagering statistics reported by Atlantic City casinos and New Jersey racetracks show that players placed nearly $141.6 million in total Super Bowl bets. The number is a 30% increase from the 2023 Super Bowl totals of $109.3 million.
With an estimated total payout of $133.1 million, New Jersey’s 12 retail sports books and 18 sports betting mobile applications won nearly $8.5 million.
