Casino Gambling New Jersey Revenue

Written by Paul Parish
Updated May 22, 2024
Online gambling has been legal in New Jersey for a decade now, and there are over 30 NJ online casinos and gambling apps competing in this market. The leading health indicator in casino revenue Atlantic City New Jersey is the amount won on-premise. However, it seems that the on-premise income is slightly lower this year, while the earnings of casinos combined with online partners is almost up 10% this year. Let’s see how the industry performed in recent history, and which NJ new online casinos had the most profitable 2023.

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Table of content

    How Do Casinos Make Money?

    Both NJ casinos and NJ sportsbooks apps generate revenue in the same way. They take a percentage of bets for hosting gambling content. Slots and table games all have built-in house-edge and that house-edge is used to calculate the RTP of the game. So, if an RTP is 97% that means that the operator gets to keep the 3% of all money spent, while the rest is kept for player payouts.

    When it comes to sportsbooks the odds are simply adjusted to account for the operator’s hosting fee. For example, if the actual payout needs to be 2x the stake, it will be 1.9x or 1.8x depending on the hosting fee. This is one of the things that the Division of Gaming Enforcement regulates, and casinos in Atlantic City need to operate within set RTP borders. In this instance, all of the slots in the Garden State need to return at least 83% to the players.

    How Do Casinos Make Money

    Tax Rates and How Many Casino Revenue Tax in New Jersey

    Sportsbooks and casino businesses are all subject to NJ gambling tax, and the revenue is taxed differently depending on its source. new jersey online casino revenue

    • Land-based casinos – 8% of gross revenue goes on taxes.
    • Land-based sports betting – 8.5% of gross revenue goes on taxes.
    • Intent casino gambling – 15% of gross revenue goes on taxes
    • Internet sports betting – 13% of gross revenue goes on taxes

    So far online gambling operators have generated $928,482,575 in tax revenue, and as mentioned at the start this revenue continues to increase.

    Lifetime New Jersey Online Casino Revenue

    From 2013 until now the iGaming sector in New Jersey has generated over 6 billion dollars in earnings. The exact number is over $6,283,561,788. Here we will go over some of the most profitable brands in the iGaming sector.

    Name of the OperatorEarnings on Slots and Table GamesEarnings on PokerTotal Taxed AmountTotal Revenue Generated
    Golden Nugget Atlantic City$1,775,847,950$125$266,541,150$1,776,427,100
    Borgata$1,558,895,835$89,897,260$248,254,660$1,649,750,470
    Resorts Atlantic City$1,255,151,515$67,502,115$198,274,950$1,324,207,090
    Caesars Atlantic City$514,843,170$100,749,625$92,091,210$615,494,760
    Tropicana Atlantic City$502,582,985N/A$75,363,140$502,582,985
    Hard Rock Atlantic City$253,885,145N/A$38,017,540$253,885,145
    Bally’s Atlantic City$74,738,475N/A$11,213,640$74,738,475

    NJ Online Gambling Revenue on Monthly Basis for 2023

    For a more detailed overview, we will list monthly reports for these brands between December 2022 and April 2023.

    Dec 2022

    Name of the OperatorApproximate Earnings  Generated on Slots and Table GamesApproximate Earnings  Generated on PokerApproximate Total Taxed AmountApproximate Total Revenue Generated
    Golden Nugget$37,786,900N/A$776,530$37,786,900
    Borgata$42,909,790$797,100$6,578,470$43,706,890
    Resorts$39,777,560$619,715$6,059,595$40,397,275
    Caesars$8,810,575$755,460$1,435,950$9,566,035
    Tropicana$5,925,360N/A$888,805$5,925,360
    Hard Rock$5,333,625N/A$800,045$5,333,625
    Bally’s$5,218,795N/A$776,530$5,218,795

    Jan 2023

    Name of the OperatorApproximate Earnings  Generated on Slots and Table GamesApproximate Earnings  Generated on PokerApproximate Total Taxed AmountApproximate Total Revenue Generated
    Golden Nugget$40,596,500N/A$6,090,195$40,596,500
    Borgata$39,981,655$817,230$6,106,277$40,798,885
    Resorts$39,131,643$1,091,055$6,033,090$40,222,699
    Caesars$7,470,883$801,940$1,241,953$8,272,823
    Tropicana$7,849,669N/A$1,177,450$7,849,669
    Hard Rock$6,047,782N/A$907,167$6,047,782
    Bally’s$5,140,854N/A$771,128$5,140,854

    Feb 2023

    Name of the OperatorApproximate Earnings Generated on Slots and Table GamesApproximate Earnings  Generated on PokerApproximate Total Taxed AmountApproximate Total Revenue Generated
    Golden Nugget$36,541,825N/A$5,482,270$36,541,825
    Borgata$39,032,943$703,912$5,989,271$39,736,855
    Resorts$35,086,130$878,468$5,394,690$35,964,598
    Caesars$7,607,872$701,443$1,248,171$8,309,315
    Tropicana$6,686,218N/A$1,002,933$6,686,218
    Hard Rock$5,619,451N/A$842,918$5,619,451
    Bally’s$5,939,768N/A$890,965$5,939,768

    Mar 2023

    Name of the OperatorApproximate Earnings  Generated on Slots and Table GamesApproximate Earnings  Generated on PokerApproximate Total Taxed AmountApproximate Total Revenue Generated
    Golden Nugget$42,709,332N/A$6,520,968$42,709,332
    Borgata$42,408,225$772,327$6,379,959$43,180,552
    Resorts$40,793,782$903,037$6,246,983$41,696,819
    Caesars$7,659,966$767,060$1,248,336$8,427,026
    Tropicana$7,615,894N/A$1,142,384$7,615,894
    Hard Rock$6,832,131N/A$1,024,820$6,832,131
    Bally’s$6,742,392N/A$1,011,359$6,742,392

    Apr 2023

    Name of the OperatorApproximate Earnings  Generated on Slots and Table GamesApproximate Earnings  Generated on PokerApproximate Total Taxed AmountApproximate Total Revenue Generated
    Golden Nugget$41,652,196N/A$6,247,496$41,652,196
    Borgata$43,141,834$770,845$6,615,805$43,912,679
    Resorts$43,912,924$954,187$6,664,192$44,867,111
    Caesars$8,095,028$631,111$1,308,741$8,726,139
    Tropicana$6,570,588N/A$985,588$6,570,588
    Hard Rock$5,712,960N/A$856,944$5,712,960
    Bally’s$6,678,622N/A$1,001,793$6,678,622

    FAQ about Casino Revenue in NJ

    👌 Which New Jersey Casino Revenue Is the Highest?
    The highest earners are Golden Nugget Atlantic City and partners. This operator has generated over $1.7 billion, in lifetime earnings, so it rightfully occupies the number one spot.
    🪙 Which Casino Net Revenue Atlantic City New Jersey Is the Lowest?
    The smallest casino in the Atlantic City is Bally's and its generated lifetime earnings is over $74,738,473.
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