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While the retail casino industry in the Atlantic City has had its ups and downs, the online sphere is surging as May 2024 was the second-highest-grossing month ever for the online platforms in The Garden State.
According to the New Jersey Division of Gaming Enforcement, online casinos generated more than $192 million in May 2024. This fell just short of March’s record-breaking month of $197.2 million but was up 19% year-over-year.
Now, through five months of 2024, New Jersey online casinos have generated just about $942.8 million in revenue year-to-date, which is 20.6% higher than where they were last year at this point.
That’s important because in 2023, New Jersey online casinos generated $1.9 billion, which was the highest-grossing year of all time in the state’s history, and online casinos have been around since 2013.
Revenue Breakdown by Licensee
Here’s a breakdown of the total revenue per licensee in the state:
- Golden Nugget Atlantic City: $54,502,531
- Resorts Digital: $49,265,099
- Borgata: $43,952,025
- Tropicana Atlantic City: $16,703,580
- Hard Rock Atlantic City: $10,403,264
- Bally’s Atlantic City: $8,546,110
- Ocean: $6,852,664
- Harrah’s Atlantic City: $1,515,461
- Caesars Interactive: $332,123
Golden Nugget topped the list once again as FanDuel online casino generated over $40 million and it’s under the Golden Nugget license. Through May, the Golden Nugget license has generated $268.5 million and FanDuel is responsible for about $200 million of that.
However, FanDuel’s $40 million wasn’t the top individual performance. That belongs to DraftKings online casino, which falls under the Resorts Digital Gaming license. It generated $42.2 million.
Breakdown by Individual Casino
Here’s a list of the individual casinos and how they performed:
- DraftKings: $42,228,550
- FanDuel: $40,001,890
- BetMGM: $22,781,335
- Borgata: $18,026,418
- Caesars Palace: $12,372,232
- Hard Rock Bet: $8,990,471
- BetRivers: $7,220,115
- Golden Nugget: $6,730,445
- Bally’s: $5,853,692
- Ocean: $2,485,318
- ESPN Bet: $2,425,265
- Tropicana: $2,350,754
- Resorts: $2,110,340
- PlayStar: $2,044,646
- Virgin: $1,712,633
- Jackpocket: $1,515,461
- PokerStars: $1,464,877
- PartyPoker: $1,436,753
- bet365: $1,411,714
- Tipico: $1,280,961
- Harrah’s: $1,254,856
- Parx: $1,041,739
- Mohegan Sun: $1,036,067
- Pala/Stardust: $1,015,675
- Fanatics: $963,543
- WSOP: $725,738
- Wheel of Fortune: $691,844
- Jackpot City: $338,967
- 888: $332,123
- Betway: $211,114
- PointsBet: $16,242
- Unibet: $1,079
As mentioned, online gaming in The Garden State is surging. Over the past eight months, there have been first months that set a new record.
At this current pace, New Jersey online casinos are set to see revenues of around $2.26 billion, which would topple the 2023 figure.
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