NJ Continues Record Revenue Climb 2021

By Jadine
Published November 22, 2021

For the second month in a row, New Jersey online casinos and sportsbooks set new records for the United States; New Jersey set another milestone month, becoming the first state, along with Pennsylvania, to achieve $1 billion in yearly gross income from online casino betting.

In October, an all-time high of $127 million was generated by the region’s online casinos and poker rooms, beating the previous record of $122.6 million established just last month and increasing 35.9% from the $93.5 million generated in October 2020.

With $38.3 million (2020: $22 million) in gross gaming revenue, Borgata/BetMGM topped the market again, ahead of Golden Nugget Online Gaming’s $34.4 million (2020: $28.1 million), as well as Resorts Digital’s $29.2 million (2020: $21.6 million).

As projected, Borgata’s $61.7 million in land-based income, an increase of 49.8 percent from the previous year’s $41.1 million, was the highest earner, followed by Hard Rock’s $37.4 million (2020: $28.8 million) in second place.

The entire gaming revenue in New Jersey increased by 32.7 percent in December to $448.6 million, compared to $338 million in the same month the previous year. However, this is a reduction from the last month’s state record of $454.5 million, which was achieved the month before.

Since the introduction of sports betting in 2018, the total revenue from online gambling has more than tripled. The $1.1 billion in revenue earned in just ten months is incredible, but it would not have been feasible without the authorization of online sports betting in the United States.”

In October, New Jersey’s online and retail sportsbooks took in a total of $1.3 billion in wagers, resulting in a record amount of revenue for the state.

The previous month’s record of $1.01 billion was surpassed by 28.9 percent, with betting volume jumping by 62.3 percent from the $803.1 million gained in October 2020 to $1.01 billion in September.

Compared to the same month a year ago, sportsbooks earned $84.2 million, a 43.8 percent rise from $58.5 million and a 2.1 percent increase from $82.4 million months over a month, respectively. According to the Department of Revenue, state taxes totaled $12.7 million in October, surpassing the previous high of $82.6 million in January.

“New records would be set as a result of the abnormally large number of NFL and college football games that were available for wagering throughout the five weekends in October,”

– Danzis expressed himself

As the sports betting and internet gambling sectors continue to develop and revive, the long-term consequences for Atlantic City will be felt for a long time. Through the use of this combo, quite astounding results are being attained.

In October, 90.5 percent of all bets placed in New Jersey were put at online sportsbooks, generating $1.2 billion in wagering income for the state’s casinos. According to the company, with gross revenues of $39.6 million, FanDuel/PointsBet/SuperBook maintained its online sports betting market dominance.

About Golden Nugget

As soon as the first Golden Nugget casino in Las Vegas opened its doors in 1946, it quickly became a household name in the gaming industry. Purchasing Trump Marina Casino in 2011 and rebranding it as the Golden Nugget Hotel Casino & Marina allowed the business to enter the New Jersey market. Today, the Golden Nugget owns and operates five casinos in New Jersey, including the Golden Nugget online casino NJ.

It doesn’t matter if you’re a seasoned online gambler or just getting started because there are so many games to pick from. In its collection, you’ll find more than 700 online casino games, including several that are exclusive to this casino.

Whether you like table games, slots, video poker, or even bingo, you’ll find it all here. New Jersey’s internet gamblers flock to the Golden Nugget in droves since it began offering sportsbook wagering in 2019.