NJ Online Casino Revenue Crosses $1 Billion For 2021
It's the 8th anniversary of the NJ online casino industry launch. For the month of January, the eight license holders reported $127 million in online gambling revenue. Wednesday, Pennsylvania reported over $1 billion in 2021 revenue the same exact day.
NJ Online Casino Revenue Crosses $1 billion for 2021. February was the only month to miss the cut. Bally’s Atlantic City currently only has PointsBet Casino operating under its license. The Baly Bet brand could be rolled out later this year or during Q1 of next year.
Three out of the last four months have been all-time records for New Jersey. November and December are expected to be good too.
NJ Online Casino Revenue Crosses $1 billion for 2021.
NJ online casinos celebrate 8 years of eye-opening growth. The first $20-million-plus result didn't come until March 2017. Since mobile sports betting launched in August 2018, the numbers have been steadily increasing. The 10th anniversary of the legal online casino industry is two years away.
October saw a new record for New Jersey sports betting with $1.3 billion in bets. It follows a very strong September when Garden State gamblers wagered over $2 billion. The combination of single-platform apps and a across sports and casino continues to pay dividends. December 2020 remains No. 3 on the all-time list for NJ sports bets with $996.4 million.
Borgata and BetMGM are closing in on $40 million monthly revenue. October's revenue of $38.8 million is a 75.9% increase from the same period last year. The previous record of $37.2 million was set in September. The monthly ceiling for license holders is $50 million.
There are three license holders responsible for a bulk of the revenue of NJ online casino club. The others are Golden Nugget Online Gaming and Resorts Digital. The GNOG license also includes FanDuel, Stardust, Betway, SugarHouse and BetAmerica brands. It has reported $310.8 million in revenue through the first 10 months of 2021. Resort Digital has made $23.3 million year to date. Caesars Interactive is a distant fourth with $92.6 million.