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.
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 Casino | December 2022 Revenue | January 2023 Revenue | Difference |
|---|---|---|---|
| Borgata | $43,706,888 | $40,798,884 | -$2,908,004 |
| Golden Nugget | $37,786,899 | $40,596,496 | +$2,809,597 |
| Resort | $40,397,270 | $40,222,698 | -$174,572 |
| Caesars | $9,566,032 | $8,272,822 | -$1,293,210 |
| Tropicana | $5,925,358 | $7,849,669 | +$1,924,311 |
| Hard Rock | $5,333,620 | $6,047,782 | +$714,162 |
| Bally’s | $5,218,793 | $5,140,854 | -$77,939 |
| Ocean | $3,520,633 | $3,937,612 | +$416,979 |
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