NJ online casino revenue crosses $ 1 billion for 2021


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This month marks the eighth birthday of the launch of the NJ online casino industry. Yes, this is big news.

However, that won’t make it past Wednesday’s headline: 2021 NJ Online Casino Revenue. exceeds a billion dollars. And it would first be a Garden State.

However, the NJ is not the only state to take the leap. He just happens as a neighbor Pennsylvania grossed over $ 1 billion in 2021 turnover on the exact same day.

The industry is therefore showing no signs of slowing down.

For the month, all eight licensees reported $ 127 million revenue from online gambling, an increase of 35.9% year-over-year. And by the way, that’s yet another monthly record.

Here’s a closer look at five reasons New Jersey is now home to a booming over $ 1 billion industry.

1. Theme 2021: it’s another record month

For those who haven’t followed up, online casinos in NJ just declared a month over $ 100 million for the ninth time this year. February was the only month to miss the cup.

It’s one of those years where a new bar is set pretty much every month. Many current operators are reporting record results almost every month. The strength of the NJ market and favorable tax rates also make it attractive to other companies who are still looking for a piece of the pie. Atlantic City from Bally, for example, currently only has PointsBet Casino operating under its license. The Bally bet The brand could roll out later this year or in the first quarter of next year.

And there are several other brands with market access agreements through the Ceasars Interactive license.

How long will the current record of $ 127 million hold? How long will it take New Jersey to declare its first performance of $ 130 million?

Three of the last four months have been all time records and the trend will most likely continue for November and December.

But as for the most recent totals, here is the revenue breakdown for October NJ’s online casinos:

Licensee Brands) Total income Casino revenues Poker income State tax Local tax
Borgata Borgata | Party | Pala | BetMGM $ 38,830,812 $ 37,897,341 $ 933,471 $ 5,824,622 $ 970,771
Atlantic City Gold Nugget gold nugget | Betfair | Sugar house | BetAmerica $ 34,499,840 $ 34,499,840 $ 0 $ 5,174,976 $ 862,496
Resorts in Atlantic City Tourist resorts | Mohégan | PokerStars | DraftKings | Bar stool $ 29,298,517 $ 28,674,624 $ 623,893 $ 4,394,778 $ 732,463
Caesars Atlantic City Caesars | Harrah’s | 888 $ 8,939,563 $ 8,064,566 $ 874,997 $ 1,340,935 $ 223,489
Tropicana Atlantic City Tropicana | Virgo | Caesars $ 7,643,532 $ 7,643,532 $ 0 $ 1,146,530 $ 191,088
Hard Rock Atlantic City Hard rock | Unibet | bet365 $ 5,916,246 $ 5,916,246 $ 0 $ 887,437 $ 147,906
ocean Ocean | Parx | Tipico $ 1,603,427 $ 1,603,427 $ 0 $ 240,514 $ 40,086
Atlantic City from Bally Points bet $ 269,768 $ 269,768 $ 0 $ 40,465 $ 6,744
Total $ 127,001,705 $ 124,569,344 $ 2,432,361 $ 19,050,257 $ 3,175,043

2. NJ Online Casinos Celebrate 8 Years of Revealing Growth

So, to celebrate eight years of the NJ online casino industry, let’s take a look back. If we revisit what now appear to be prehistoric days, before NJ sports betting was legal, the results aren’t that impressive. For example, online casinos in NJ have cracked the $ 10 million plateau for the first time in February 2014 with $ 10.3 million. Today, that is a number that individual license holders are breaking every month.

The first one Over $ 20 million the result only arrived in March 2017 ($ 21.7 million). However, since mobile sports betting launched in August 2018, the numbers have grown steadily over time. Then when the global pandemic forced Atlantic City casinos to close for more than 100 days in 2020, NJ’s online casinos grew in popularity because they were the only option.

The momentum continued this year, reaching record levels some analysts probably thought they would never see.

And with the 10th anniversary now two years away, it’s hard to imagine how much this mature market will grow.

3. NJ Sports Betting Gets Another Help

If we look back on the recent history of NJ’s online casinos, some of the most profitable months have been in NFL and college football season. For October, the Garden State set a new sportsbook record in NJ with $ 1.3 billion in bets. By the way, it turns out that it is also a new all time record for any legal destination for US sports betting.

The news follows an extremely strong September when Garden State players bet a little over a billion dollars. And many of these customers are also the ones who play black jack, slits and other casino games choices every month, helping NJ online casino revenue reach new heights month after month.

The combination of single platform applications and a shared wallet through sports and the casino continues to pay dividends. If we look at the last few months, some of the most important months for betting coincide with huge results on the casino side.

In addition to the October results mentioned earlier, September is another great example. Garden State cashed in $ 1.01 billion in sports betting as online casino revenues hit $ 122.6 million, which was a record at the time.

December 2020 remains # 3 on the NJ’s all-time sportsbook list with $ 996.3 million. NJ Online Casinos Reported $ 99.4 million for this month. He paved the way for a huge 2021.

4. Borgata and BetMGM close on $ 40 million per month

Every month it seems Borgata, led by the BetMGM, Borgata and Party online casino brands, stands out in the NJ Monthly Revenue Report. Month after month, the permit holder requests the No. 1 place on the board. The 10-month total currently stands at $ 341.3 million, and that’s a year-over-year increase in 116.6%.

It is also difficult to ignore the $ 38.8 million reported for October, which is a 75.9% jump from the same period last year. This is a new monthly record for any license holder. The previous record of $ 37.2 million just took place in September.

So at this point, the idea of ​​Borgata being the first NJ online casino licensee to declare a $ 40 million month seems more and more a sure thing. With the most exciting and important part of Paris NFL season yet to come, NJ players are highly unlikely to cut back on their game.

This raises another question: at this point do we even know what the monthly cap will be for any licensee? Seriously, it wasn’t that long ago that the entire market making $ 40 million in a single month was seen as a big deal.

Don’t be surprised if $ 50 million per single license holder becomes the new monthly bar for 2022. If we look back to last October, Borgata had reported a bit more $ 22 million.

5. The $ 30 Million NJ Online Casino Club

Take a look at the totals for October and you’ll see that three licensees are responsible for the bulk of the revenue. As mentioned above, Borgata / BetMGM is one of them.

The others are Golden Nugget online game (GNOG) and Digital stations. And when we say bulk, we mean an internet gambling victory of $ 29.2 million or better.

GNOG, led by Golden Nugget Online Casino, has been one of the heavyweights in the industry from the very beginning. Proof of this is the total all-time income of $ 1.06 billion. It ranks # 1 of all time. Today, the GNOG license also includes the FanDuel, Stardust, Betway, Sugar house and BetAmerica online casino brands. GNOG grossed $ 310.8 million, second behind Borgata, in the first 10 months of 2021.

Then there is Resorts Digital, up to 38.4% year-to-date. The 2021 turnover is currently at $ 230.3 million. They narrowly missed the $ 30 million for October, but the $ 29.2 million is a new monthly record. The recent addition of Casino bar stool continues to pay dividends for the licensee.

However, DraftKings, Resorts, Mohegan Sun and PokerStars also contributed to the strong performance.

With regard to the cumulative totals for the year, Caesars Interactive is a distant fourth with $ 92.6 million.

The all-time figures are even more telling. Here is an overview of the situation of the eight licensees representing more than two dozen online casinos. since the launch in 2013:

Licensee Brands) Total income Casino revenues Poker income State tax Local tax
Atlantic City Gold Nugget gold nugget | Betfair | Sugar house | BetAmerica $ 1,064,310,718 $ 1,064,310,718 $ 0 $ 159,646,608 $ 26,607,768
Borgata Borgata | Party | Pala | BetMGM $ 870,647,086 $ 794,674,676 $ 75,972,410 $ 130,597,062 $ 21,766,179
Resorts in Atlantic City Tourist resorts | Mohégan | PokerStars | DraftKings | Bar stool $ 665,662,604 $ 612,748,913 $ 52,913,691 $ 99,849,390 $ 16,641,567
Caesars Atlantic City Caesars | Harrah’s | 888 $ 437,854,757 $ 353,919,914 $ 83,934,843 $ 65,678,213 $ 10,946,368
Tropicana Atlantic City Tropicana | Virgo | Caesars $ 361,166,076 $ 361,166,076 $ 0 $ 54,174,911 $ 9,029,151
Hard Rock Atlantic City Hard rock | Unibet | bet365 $ 144,892,906 $ 144,892,906 $ 0 $ 21,733,937 $ 3,622,322
ocean Ocean | Parx | Tipico $ 31,001,094 $ 31,001,094 $ 0 $ 4,650,164 $ 775,027
Trump Square Betfair $ 7,644,624 $ 7,644,484 140 $ $ 1,146,694 $ 191,116
Taj Mahal Ultimate $ 6,032,943 $ 5,470,434 $ 562,509 $ 904,941 $ 150,824
Atlantic City from Bally Points bet $ 699,641 $ 699,641 $ 0 $ 104,946 $ 17,490
Total $ 3,589,912,449 $ 3,376,528,856 $ 213,383,593 $ 538,486,867 $ 89,747,811

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