New Jersey iGaming Revenue Breaks Records Yet Again for January 2023

By Raymond
Published February 22, 2023

The new year starts with impressive revenue figures totaling $436 million for January 2023, showing an impressive growth of 14.5% compared to 2022. 

Online casinos might have the smallest growth percentage of 10.9% but managed to break records again with revenue amounting to $152.9 million. 

The new revenue figures reveal that sports betting saw the most significant growth of 20.2%, reaching revenue of $72.3 million in New Jersey. Land-based casinos follow it with an increase of 15.3%, totaling $211.7 million. 

In December 2022, revenue figures totaled $454.8 million, an improvement of 13% compared to December 2021. It’s becoming clear that the pandemic hold on the market is finally a thing of the past. 

NJ DGE Revenue January 2023

Online Casinos in New Jersey Collect More in January

As predicted in the post-pandemic growth article earlier this month, online casinos collected more revenue last month than in December 2022. 

In December, online casinos set another record-breaking total of $151,5 million in revenue. Incredibly, it followed the same trend as Dec 2021/Jan 2022, putting an even higher record in the new year, increasing it by over $1.4 million. 

How Revenue of Online Casinos Compare 

While breaking the December 2022 record, only four casinos saw an increase in total revenue. Borgata collected nearly $3 million less compared to December while Golden Nugget increased by over $2.8 million.

Online CasinoDecember 2022 RevenueJanuary 2023 RevenueDifference
Golden Nugget$37,786,899$40,596,496+$2,809,597
Hard Rock$5,333,620$6,047,782+$714,162

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