New Jersey gambling revenue
Residents of the Garden State have been growing fonder of online gambling by the day, ever since its legalization in 2018. New Jersey is notably the first US state to permit legal online gambling. Locals and visitors alike have access to a variety of casino games, poker and sports betting from the convenience of their homes.
The NJ online casino industry has continued a decades old tradition and has steadily grown over the years, with a recorded New Jersey gambling revenue of $1.4 billion in 2022. This is a remarkable 40% increase over the previous year. With the convenience and accessibility of online New Jersey gambling, it is no surprise that it continues to be a popular pastime for online casino gambling enthusiasts in the state. Revenue numbers are expected to continue to climb in the years to come.
Online Gambling Revenue in New Jersey
As gambling and sports betting industry in New Jersey continues to thrive, players must choose from an ever-growing list of online casinos. The experts from NJCasimile.com offer comprehensive reviews of the top New Jersey's casinos, helping players make informed decisions about where to play.
So, here are the latest numbers on internet gambling operations paid out in New Jersey at NJCasimile. We've outlined relevant stats detailing the revenue for popular brands from the casino association of New Jersey. We've also covered how this revenue is spread among departments in casinos.
OCTOBER 2022
CASINO | Total Revenue | Casino Revenue | Poker Revenue | State Tax | Local Tax |
Borgata | 40,542,945 | $39,903,618 | $639,327 | $2,236,414 | $7,080,070 |
Caesars | 9,069,086 | $8,140,327 | $928,753 | $0 | $1,563,066
|
HardRock | $5,690,745 | $5,690,745 | $0 | $523,174 | $999,849 |
Resorts AC | $34,194,508 | $33,573,493 | $621,015 | $2,956,684 | $5,927,671
|
Golden Nugget | $34,167,048 | $34,167,048 | $0 | $3,667,705 | $5,962,900 |
NOVEMBER 2022
CASINOS | Total Revenue | Casino Revenue | Poker Revenue | State Tax | Local Tax |
Borgata | 40,542,945 | $39,903,618 | $639,327 | $2,236,414 | $7,080,070 |
Caesars | $9,376,577 | $8,416,4152 | $960,162 | $- | $1,620,786 |
HardRock | $6,014,254 | $6,014,254 | $0 | $412,732 | $1,056,463 |
Resorts AC | 28,086,670 | $27,492,368 | $594,302 | $2,517,754 | $4,898,833 |
Golden Nugget | 35,705,464 $35,705,464 | 35,705,464 $35,705,464 | $0 | $3,694,352 | $6,257,834 |
DECEMBER 2022
CASINOS | Total Revenue | Casino Revenue | Poker Revenue | State Tax | Local Tax |
Borgata | 42,986,001 | $42,368,381 | $617,620 | $2,573,369 | $7,505,617 |
Caesars | $10,924,469 | $9,927,256 | $997,213 | $- | $1,890,426 |
HardRock | $5,714,945 | $5,714,945 | $0 | $314,156 | $1,004,084 |
Resorts AC | $30,480,354 | $29,817,915 | $662,439 | $2,399,688 | $5,316,541 |
Golden Nugget | $34,529,509 | $34,529,509 | $0 | $3,827,199 | $6,041,173 |
JANUARY 2023
CASINOS | Total Revenue | Casino Revenue | Poker Revenue | State Tax | Local Tax |
Borgata | $39,736,855 | $39,032,943 | $703,912 | -$8,213,914 | $6,962,564 |
Caesars | $8,272,822 | $7,470,882 | $801,940 | $0 | $1,428,554 |
HardRock | $5,619,451 | $5,619,451 | $0 | $118,741 | $983,404 |
Resorts AC | $40,222,698 | $39,131,642 | $1,091,056 | $4,707,424 | $7,011,434 |
Golden Nugget | $40,596,496 | $40,596,496 | $0 | $5,103,801 | $7,104,985 |
FEBRUARY 2023
CASINOS | Total Revenue | Casino Revenue | Poker Revenue | State Tax | Local Tax |
Borgata | $39,736,855 | $39,032,943 | $703,912 | -$8,213,914 | $6,962,564 |
Caesars | $8,309,315 | $7,607,872 | $701,443 | $0 | $1,437,900 |
HardRock | $5,619,451 | $5,619,451 | $0 | $118,741 | $983,404 |
Resorts AC | $35,964,598 | $35,086,130 | $878,468 | $4,405,580 | $6,271,895 |
Golden Nugget | $36,541,825 | $36,541,825 | $0 | $4,221,207 | $6,395,530
|
Challenges Facing Gambling Operators in New Jersey
One of the most significant challenges is the increasing competition from other states that have legalized online types of gambling. For example, Pennsylvania legalized online gambling in 2017, and since then, it has become a significant competitor to New Jersey's gambling market.
Moreover, the New Jersey Division of Gaming Enforcement (NJDGE) has implemented strict regulations to ensure fair play and prevent problem gambling in NJ. However, these regulations have also created challenges for casinos. Chief among these include high NJ licensing fees and the need to comply with complex regulations.
FAQ to New Jersey Online Casino Revenue
How do I start gambling online in New Jersey?
To start gambling online in NJ casinos, you must be at least 21 years old and within the state borders. Create an account on a licensed online gambling site, provide your personal information and banking details. Then, verify your internet identity and deposit funds to start playing casino games or placing sports bets on the internet.
What is the reason for the growth of gambling income in recent years?
The growth of gambling income in recent years can be attributed to the legalization of internet gambling in NJ. This made it easier for people to access casinos, sports betting, and poker from their own homes.
Will the total gambling revenue for 2023 become a record, according to industry forecasts?
There is no definitive answer to whether the NJ gambling revenue for 2023 will become a record. It depends on a number of factors, including economic conditions and the continued popularity of the New Jersey gaming product industry. However, some industry analysts predict that revenue consisted numbers will continue to climb, driven by the convenience and accessibility of sports gambling options.
This article was written in cooperation with Njcasimile
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