Gambling
DraftKings and FanDuel Lead the Way as NJ Online Casinos Post Second-Best Month Ever
The New Jersey online casino revenue figures are in. While they didn’t exceed March’s $197.2 million, they still notched $187.9 million, representing the second-highest monthly total in New Jersey online casino history.
The $187.9 million, in addition to being the second-highest, also represented a year-over-year increase of 18.2%.
Now, through four months, New Jersey has generated more than three-quarters of a billion dollars, with $750.7 million. These figures are already ahead by 21.2% compared to last year’s mark, which generated $1.92 billion.
The $1.92 billion in 2023 is the single-year record, breaking 2022’s mark of $1.66 billion.
New Jersey is on pace for well over $2.2 billion at this rate.
Additionally, the state collected nearly $113 million in taxes, and in April, it got $28.3 million.
In New Jersey, the various gaming venues are taxed differently:
- Retail casinos (8%)
- Online sports betting (13%)
- Retail sports betting (8%)
- Online casino play (15%)
Here are the Top Licensees
Looking at the numbers, Golden Nugget Atlantic City was the top licensee at more than $53 million.
| Licensee | Revenue |
| Golden Nugget Atlantic City | $53,104,373 |
| Resorts Digital | $47,512,229 |
| Borgata | $44,148,869 |
| Tropicana Atlantic City | $15,732,066 |
| Hard Rock Atlantic City | $10,241,852 |
| Bally’s Atlantic City | $8,234,420 |
| Ocean | $6,707,774 |
| Harrah’s Atlantic City | $1,584,574 |
| Caesars Interactive | $612,910 |
Caesars Interactive came in last and was the only licensee to fail to meet $1 million.
Online Gambling Revenue Performance
Leading the way for individual skins was DraftKings, with $39,238,978. Just behind them was FanDuel with $39,063,216.
Here’s a look at how all online casinos in the state performed:
| Online Casino | Revenue |
| DraftKings | $39,238,978 |
| FanDuel | $39,063,216 |
| BetMGM | $23,184,189 |
| Borgata | $17,594,111 |
| Caesars Palace | $11,350,554 |
| Hard Rock Bet | $8,881,657 |
| BetRivers | $6,874,855 |
| Golden Nugget | $6,711,779 |
| Bally | $5,782,576 |
| ESPN Bet | $3,324,547 |
| PlayStar | $2,357,442 |
| Tropicana | $2,318,071 |
| Resorts | $2,214,128 |
| Ocean | $2,171,438 |
| PartyPoker | $1,868,784 |
| Virgin | $1,696,962 |
| Jackpocket | $1,584,574 |
| PokerStars | $1,545,396 |
| Bet365 | $1,366,337 |
| Mohegan Sun | $1,189,180 |
| Harrah’s | $1,133,605 |
| Tipico | $1,123,232 |
| Parx | $1,055,662 |
| Pala/Stardust | $950,919 |
| WSOP | $929,836 |
| PointsBet | $754,882 |
| 888 | $612,910 |
| Wheel of Fortune | $550,866 |
| Betway | $429,175 |
| Jackpot City | $25,348 |
| Unibet | -$6,142 |
Of course, Unibet is withdrawing from the United States, so it’s no surprise to see them losing more than $6,000. Jackpot City, a newer online casino, was the next lowest figure, bringing in just over $25,000.
DraftKings and FanDuel contributed nearly 42% of the state’s revenue. This was nearly more than the next seven online casinos combined.
Five other online casinos, including BetMGM, Borgata, and Caesars Palace, had revenue in the eight digits.
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