NJ Online Casinos Hit Record Revenues in September Raking In $120 Million

NJ Online Casinos Hit Record Revenues in September Raking In $120 Million
Andrew McDermott
Author:
Andrew McDermott
Updated: 
August 26th 2022 - 08:24 AM

New Jersey Online Casinos' Record Revenues

The New Jersey online gambling market remained red hot with NJ online casinos hitting over $120 million in gross revenues for the month of September. After reaching its latest milestone of $110 million in revenue in August that number jumped up by more than $10 million in September to its new record of $120,103,047, according to figures released October 18th, 2021 by the New Jersey Division of Gaming Enforcement

The spurt wasn’t completely unexpected as the top online sportsbooks ramped up their marketing to coincide with the start of the 2021 NFL football season. Strong sports activity coupled with generous casino promotions helped operators reach record revenue levels, never seen before in the state.

BetMGM, licensed under the Borgata group, lead the charge with $37 million in online casino revenue. With a massive revenue lead that has increased yet again, BetMGM NJ now firmly sits as the online casino market leader in New Jersey. In second at $31 million was Golden Nugget online casino, which provides licenses to Fanduel, Betfair (now Stardust), and BetAmerica. The NJ online casino and poker market recorded its best revenue month with total online casino & poker revenues reaching $122 million.

However, the real heroes of the month were the online sportsbook who generated a whopping $71 million in online gaming revenue, setting a new revenue record for the state. The $23 million month-over-month increase in online sportsbook revenue was due to the launch of the NFL football season which saw turnover hit over $1 billion in the month for the first time ever in the US. 

NJ Online Gambling Revenue by Game Type

  • $120.10 million in gross online casino gaming win
  • $71.16 in gross online sports betting win
  • $2.49 million in gross online poker gaming win
  • September 2021 Total Online Gaming Market Revenue: $193.75 Million

"We expected New Jersey to continue reaching new records as online sportsbooks continue to fine-tune their marketing and product suites,” said Alicia Butler, Managing Editor at OddsSeeker.com. “Football has always been the leading driver of revenue but now with more brands and better products, who knows how high revenues can grow in New Jersey. What we do know is that they’re not stopping here.”

New Jersey Online Gambling Revenue by The Numbers – September 2021 

NJ Online Casino & Poker Revenue in September

Licensee

Casino Revenue

Poker Revenue

Borgata

$37,203,243 

$1,021,206 

Golden Nugget

$31,069,899 

$0 

Resorts

$27,720,196 

$665,808 

Caesars

$9,374,719 

$804,887 

Tropicana

$7,206,206 

$0 

Hard Rock

$5,809,634 

$0 

Ocean

$1,382,171 

$0 

Bally's

$336,979 

$0 

Total

$120,103,047 

$2,491,901 

NJ Sports Betting Online Revenue in September

Licensee

Online Brand(s)

Online Revenue

Meadowlands

FanDuel | PointsBet | SuperBook

$36,564,143 

Resorts

DraftKings | Fox Bet | Resorts

$13,164,655 

Borgata

BetMGM | Borgata

$10,845,365 

Freehold

Barstool | PlayUp

$4,106,555 

Tropicana

Caesars

$3,005,810 

Monmouth Park

Caesars | SugarHouse | theScore

$1,847,913 

Hard Rock

Hard Rock | bet365 | Unibet

$1,612,284 

Ocean

Caesars | Tipico

$653,322 

Harrah's

N/A

$0 

Bally's

N/A

$0 

Golden Nugget

Golden Nugget | BetAmerica

($70,405)

Caesars

Caesars | 888 | Wynn

($568,675)

Total

 

$71,160,967 

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