New Monthly Best of $180 Million Marks the End of a Record-Breaking Year for NJ Online Casinos

Arsenii Anderson
monthly best of 180 million marks the end of 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.

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