New Monthly Best of $180 Million Marks the End of a Record-Breaking Year for NJ Online Casinos
According to state gambling authorities, online gaming in New Jersey ended the year on the highest note ever, establishing a new monthly revenue record in December.
In all, real money online casinos in New Jersey brought in close to $180.3 million in revenue last month, surpassing the previous record of $171.6 million established in November. According to information issued by the NJ Division of Gaming Enforcement, online casino revenue rose by more than 19% in December 2023 when compared to the same month the previous year.
Over $1.9 billion was made from online gambling in New Jersey in 2023, a roughly 16% increase over the record-breaking profits in 2022.
In November, online casinos in New Jersey celebrated their tenth anniversary. Since its launch, New Jersey’s online gambling industry has brought in over $7.4 billion in revenue and paid slightly less than $1.1 billion in taxes to the state.
With the exception of sports betting, online gambling in New Jersey now makes up more than 36.7% of the total gaming income reported by license holders operating Atlantic City casinos and digital-only license holders. In 2023, the gaming income generated by Atlantic City casinos accounted for 49.3% of the overall gaming revenue in the state, the lowest percentage since the introduction of legal sports betting and online gambling.
In December, the state received over $27 million in revenue from online gambling, and over $288.5 million throughout the course of the year. In 2023, the nine casinos in Atlantic City paid a total of $178.2 million in taxes on their in-person gaming earnings.