The June revenue totals are in for the NJ casinos, and both on and offline services are doing well. Physical casinos in Atlantic City brought in over $241 million, an increase of more than 5% from last year. For online casinos, the total came in at $149 million, a much larger boost at 12%.
NJ Online and Land-Based Casinos See Increase in June Revenues
- Online casino earnings jumped 12% from 2022.
- In-person earnings were up over 5%.
- Revenues are expected to continue at this pace through the summer.
Online Gambling Revenues Surge
The New Jersey Division of Gaming Enforcement has reported that online gambling is surging, with operators generating $149 million monthly. This was a 12.1% increase from June of last year. So far, in 2023, the iGaming market has brought over $930 million to the state.
Online gambling in New Jersey casinos brings over 37% of the total gaming revenue. Players are logging in now more than ever to take advantage of the convenient services. Casinos in Atlantic City bring in over 54% of the state's total.
In June, the online gambling sector contributed over $22 million in taxes. So far this year, the online casino sites have provided more than $139 million in tax payments.
June's biggest monthly earner was the Golden Nugget license operators. Sites like Golden Nugget, BetWay, and BetRivers brought in over $41 million. Borgata Casino license holders such as the namesake, BetMGM, Party, Pala, and Wheel of Fortune Casino generated $39.4 million.
Resorts Digital came in at $35.6 million, while Bally's generated a much smaller $6.6 million. Ocean Casino Resort came in at $4.8 million, and Hard Rock was a bit higher at $5.5 million. Caesars Interactive and the Tropicana saw $9 million and $6.4 million, respectively.
Land-Based Casino Earnings
Now, let's take a look at land-based earnings. So far, the industry has provided over $1.35 billion in taxes to the state in 2023. Borgata Casino is the market leader, generating over $60 million for June. This was a more than 11% increase from last year.
Hard Rock came in second, bringing in $43.3 million. This was slightly lower than last year but still a solid number. Ocean Casino jumped 17.6% from last June, bringing in $34.9 million. Both casinos celebrated their 5th anniversary this year.
Caesars Entertainment saw a nice month for its' three venues. Caesars Atlantic City increased June earnings by more than 11%, with $21.4 million in revenues. Harrah's Resort was up 3.8% with over $20 million. Tropicana Atlantic City dropped slightly by almost 2% with $21 million.
Resorts Casino Hotel was up too, earning almost 11% more than last June. The casino brought in $15.2 million. Bally's was slightly different, dropping over 8% and earning only $12.3 million. Golden Nugget was also down, bringing in just over $11 million but dropping 6% year-over-year.
A Look at Sports Betting
June was also a good month for sports betting operations. The state came in second, just under New York's more than $1 billion in bets, with a $591.1 million handle. June's increase in revenue was surprising due to the overall drop from year over year at 6.6%.
The details are not as thorough for sports betting as for online casino gaming, but we know that Resorts Digital outpaced Meadowlands license operators by over $350,000. Resorts Digital includes DraftKings, while Meadowlands includes FanDuel and PointsBet.
Resorts Digital earned $25.3 million, and Meadowlands was just under the $25 million mark. Parlays provided the majority of the betting in New Jersey with $37.5 million in wagers. June was the third straight month that the parlay hold reached 20%.
The summer has treated the overall iGaming market well in New Jersey. It will be interesting to see how the industry progresses as July and August revenue totals come in. Will the final two summer months produce a similar result?
Having started in 2005 as an online writer, Sadonna has focused on the online gambling industry, with a keen knowledge of various subjects. Sadonna has followed the growing US-based gambling industry for decades, covering all the legal changes in the nation as well as information on land-based and online casinos. She enjoys updating fellow gamblers on new games, casino bonuses, and additional information for premium gaming services. In her spare time, Sadonna loves spending time with her family and singing on Smule. Sadonna hopes to continue working in the online gambling industry and building quality articles for players to learn more about the US market.