NJ Online Casino Revenue Surges in September to $135 Million
After a month of decline in August, New Jersey Online Casinos bounces in September. They bring a little more than $135 million in revenuenearly $4 million better than the previous projection.
It was another good month for the NJ online gaming market. Online casino apps have managed at least $131 million in each of the last seven months now. Altogether, NJ just went through $5 billion in all-time online casino revenue.
The September report of the Games Application Division looks like it could become a sign of more to come. Since the summer months are generally the best for Atlantic City Casinosonline betting has the potential to keep climbing.
Not only have online casinos in NJ beaten the previous month, but they are also way ahead of last year. Just for September garden condition applications have grown by more than ten% compared to the figures of 2021.
NJ Sports Betting Revenue Soars in September
NJ sports betting revenue jumped even bigger last month, totaling $98 million In income. Thanks to the return of Soccerrevenue was up about $33 million from sports betting in August.
Of course, this improvement stemmed from a considerable leap in manipulate. Sports bets accepted $866.7 million of bets in September, which represents a difference of 320 million dollars if we look at the last two months. NJ Sports Betting Apps Considered nearly $808 million of the bet.
This marks the first time sports betting the handle exceeded $800 million since Aprilwhen books took about $925 million in bets.
Take a closer look at how the nine Atlantic City casinos and three NJ racetracks performed last month:
|Licensed||Brand(s) online||To manage||Revenue||Hold||Taxes|
|meadows||FanDuel | PointsBet | super book||$414,789,533||$46,643,274||11.2%||$6,482,945|
|Atlantic City Resorts||DraftKings | Fox Bet | Resorts||$206,635,005||$22,646,200||11.0%||$3,217,065|
|Borgata||BetMGM | Borgata||$85,545,952||$10,023,248||11.7%||$1,184,020|
|Tropicana Atlantic City||Caesars | Mojo||$57,685,287||$6,407,970||11.1%||$899,722|
|Full ownership||Stool | PlayUp | betParx||$41,037,855||$4,608,979||11.2%||$641,448|
|Monmouth Park||BetRivers | Caesars||$21,387,756||$2,734,297||12.8%||$340,063|
|Hard Rock Atlantic City||Hard Rock | bet365 | Unibet||$16,550,610||$1,841,317||11.1%||$258,160|
|Caesars Atlantic City||Wynnbet | 888||$10,176,749||$1,492,870||14.7%||$165,478|
|The Atlantic town of Bally||LIFE | Sporttrade||$5,411,906||$905,482||16.7%||$78,710|
|Golden Nugget Atlantic City||gold nugget | Bet||$1,770,031||$224,097||12.7%||$28,113|
|Harrah’s Atlantic City||Prophet | Fubo||$903,303||-$154,852||-17.1%||-$1,935|
Learn More About NJ Online Casinos Crossing the $5 Billion Mark
The NJ Online Casino Industry celebrate his ninth birthday next month. Of course, NJ online casino revenue has come a long way since those early days.
September’s NJ online casino results pushed the industry past the all-time $5 billion revenue mark. Surpassing $130 million a month certainly helps. However, a few important events also contributed to this achievement.
Part of this is a result of the 2018 launch of NJ Mobile Sportsbook which created cross-selling opportunities. However, the NJ online casino industry saw its biggest increases when the global pandemic forced the temporary closure of Atlantic City casinos and canceled sporting events. The industry really took off from there.
NJ online casino year-to-date revenue stands at $1.22 billion through September.
Here’s a look at how AC Casino licensees and their online partners have fared since that debut in November 2013:
|Licensed||Total income||casino games||Poker||Specials||Taxes|
|Golden Nugget Atlantic City||$1,449,933,332||$1,449,933,332||$0||$142,526,169||$253,735,423|
|Atlantic City Resorts||$1,002,666,389||$942,778,070||$59,888,319||$42,496,963||$173,941,956|
|Caesars Atlantic City||$545,061,546||$451,330,506||$93,731,040||$278,708||$93,068,287|
|Tropicana Atlantic City||$448,080,083||$448,080,083||$0||$59,674,602||$78,414,017|
|Hard Rock Atlantic City||$208,335,301||$208,335,301||$0||$3,857,142||$36,475,470|
|The Atlantic town of Bally||$28,701,484||$28,701,484||$0||$4,537,827||$5,018,902|
NJ Online Casino Revenue Expected to Rise
NJ online casinos are in a great position for the year. The $1.22 billion in 2022 the benefits are over 23% better than where NJ online casino revenue stood a year ago, at over $989 million.
Although they continue to do well, this is the time in the calendar when online applications begin to attract More attention.
Last year, profits increased between August and September, then again the following month. Online casino revenue in October 2021 hit $127 millionup $4.4 million from September.
Despite November figures missing a little, the receipts reached mid-$130 million in December and January. The all-time monthly high of $140.6 million as of March this year remains the all-time monthly record.
With far fewer people in the state on vacation taking advantage of AC casinos during the colder months, online apps are helping to pick up the slack. They should be in store for several more productive months ahead.
Borgata’s market lead tightens
Although the top of the NJ online casino market remains the same, the leader is feeling a little more pressure than usual. The Borgata, directed by BetMGM and Borgata on line vsAsians, was once again the only licensee to surpass $40 million in monthly revenue, reporting $41.1 million in September. However, Borgata finished around $700,000 before August.
Both Digital stations (directed by DraftKings and Stool casino) and Gold nuggetincluding Golden Nugget online casinotook full advantage of this, as they each brought in more profit than the previous month.
Resorts performed best, ending September with nearly $34.2 million. It’s a 20.5% improvement over the same month last year, and a surge in 11.2% from August. The result turned out to be good enough for exceed Golden Nugget by the slimmest of margins.
It fell back to third place, however, the online casino license holder also held its own last month. Golden Nugget earnings were just around $27,000 lighter than Resorts Digital.
The Gold nuggetwhich also includes the Bet and Bet Rivers brands, further improved its results by ten% from a year ago, in addition to approximately 9% of the previous month.
Now, even though the Borgata holds an edge over apps from Golden Nugget and Resorts Digital like DraftKings and PokerStarsit’s not too big. June marked the last time second place was this close to the leader, when Golden Nugget got under $5 million.
Here is a more detailed look at the September NJ online casino results by licensee:
|Licensed||Total income||casino games||Poker||Specials||Taxes|
|Atlantic City Resorts||$34,194,508||$33,573,493||$621,015||$2,956,684||$5,927,671|
|Golden Nugget Atlantic City||$34,167,048||$34,167,048||$0||$3,667,705||$5,962,900|
|Caesars Atlantic City||$9,069,080||$8,140,327||$928,753||$0||$1,563,066|
|Hard Rock Atlantic City||$5,690,745||$5,690,745||$0||$523,174||$999,849|
|Tropicana Atlantic City||$4,896,780||$4,896,780||$0||$0||$856,938|
|The Atlantic town of Bally||$3,736,523||$3,736,523||$0||$647,903||$652,445|
NFL and College Football Bets Trigger NJ Sports Betting
Sports betting took off in September with the two NFL Betting and college football sports betting return markets. While this explains August’s massive monthly management and revenue increases, the state books also topped last September’s action.
Revenue of $98 million is a solid 18.9% jump off The $82 million of September 2021.
Surprisingly, the earnings for the year do not match those of the state 12 months ago. Revenues are currently around $41 million late within the past month, or down 7.3%. This could be attributed to the impact of New York mobile sports betting.
Fortunately, sports betting has time to catch up with this difference in the coming months. If September was any indication, it could be a very busy fall for sports betting operators.
Clearly, the fact that the inhabitants can again bet on football matches is crucial. The sport is by far the most popular to bet on in US sportsbooks.
It is also certainly useful that all local teams in the region were successful from the start. The New York Giants and Jetswith the Philadelphia Eaglesall look like playoff contenders.