November Saw NJ Online Casinos Reach $170 Million, Another Record-Setting Month
Online casinos in New Jersey set a new monthly record in November, building on the mark set in October.
In November, real money NJ online casinos brought in $171.6 million in revenue, according to statistics that were made public on December 15 by the Division of Gaming Enforcement. October was the highest-grossing month ever, at $166 million, but November’s figure exceeds that.
November 2023 saw a 17.4% increase in revenue for NJ online casinos over the previous year.
Online Casinos in New Jersey Will Close 2023 with a Bang
The highest ever yearly figure in US history, $1.66 billion, was made by online gambling in New Jersey in 2022. Online casinos in New Jersey have already made over $1.7 billion in revenue as of November of this year.
November was the 33rd consecutive month that income from online gambling has exceeded $100 million, establishing the triple-digit milestone as the state’s future baseline.
Online gambling businesses are not singled out by New Jersey gaming authorities. It is thus impossible to ascertain the income from certain websites or mobile applications. Instead, the state groups many operators together based on permitted internet businesses or casino licenses from Atlantic City.
Resorts Digital reported over $47.2 million in revenue during the previous month, a 26.4% YoY increase. Resorts Casino, Mohegan Sun Casino, Poker Stars, and DraftKings all operate under Resorts Digital’s license.
Nearly $37.9 million was made by the Borgata group, which included, among other casinos, BetMGM Online Casino NJ, Party Casino & Party Poker, Pala Casino, Wheel of Fortune Casino, and Borgata. Gamblers’ fears regarding the well-publicized hack on MGM Resorts International earlier this year may be the cause of the 14.4% YoY drop.