Online gambling revenue in New Jersey reveals yet another month of incredible growth as online casinos collected $161.4 million in May 2023.
- NJ Online Casinos Show No Signs of Slowing Down
- A Look at Online Casino Revenue in 2023 Compared to 2022
The New Jersey Division of Gaming Enforcement released the latest revenue figures on Monday, 19 June 2023, showing growth of 18.7% compared to the same month in 2022.
The second-highest record follows a slightly slower April but a record-setting March where online casinos in the state breached the $160 million mark by generating $165.7 million in revenue – setting its highest record.
Experts predicted a lucrative month, but few considered the possibility of a near-record month. Casinos collected $161.4 million in March – reaching over the $160 million mark for the second time – just $4.3 million shy of the current record.
Based on year-on-year growth, online casinos in the state show an increase of nearly 15%, generating 781.5 million within the first five months.
Online Casino Revenue in 2023 Compared to 2022
In 2022, online casinos in the state managed to set various records, reaching over $140 million in March 2022 for the first time and over $150 million in December.
| Month | 2022 | 2023 |
|---|---|---|
| May | $136,016,462 | $161,411,924 |
| April | $136,883,398 | $158,936,991 |
| March | $140,655,053 | $165,711,825 |
| February | $129,976,091 | $142,592,966 |
| January | $137,849,716 | $152,866,817 |
As the table above indicates, only February 2023 generated less than $150 million, collecting $142 million.
If last year is any indication of what to expect for the rest of 2023, online casinos in the state would likely generate close to $200 million per month in the first quarter of 2024.
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