• Industry
    • Opinion
    • Features
      • iGaming Data
      • Sports Betting Data
    • Finance
    • Online Casinos
    • Podcast

      Industry

      New Jersey Shines Light On Online Gaming Market With Detailed Revenue Reporting

      By Erik Gibbs

      Last updated: April 4, 2024

      2 min

      A mobile phone displaying on online roulette table

      The New Jersey Division of Gaming Enforcement (DGE) is ushering in a new era of transparency for the state’s gaming industry. Starting with the revenue report for March 2024, which is expected to arrive on April 16, the DGE will provide a much more granular breakdown of online operator performance. This shift will allow for a clearer picture of how individual companies are faring within the thriving New Jersey online gaming and sports betting markets.

      Previously, the DGE reported online casino and sports betting revenue figures consolidated by the land-based casino partner holding the license. This approach grouped all online “skins” – the individual online brands affiliated with a single license – under one umbrella.

      There are nine master licenses controlled by the nine casinos in Atlantic City, each of which is able to launch up to five skins for a total of 45. Currently, according to DGE data, there are 31 skins in use.

      This made it difficult, if not impossible, to discern the specific performance of each online operator. The DGE’s new reporting format aims to rectify this by breaking down revenue by individual skin. This will provide valuable insights into market share distribution, operator strengths and weaknesses, and overall industry trends. It’s also expected to significantly increase transparency within the New Jersey online gaming landscape.

      A look back: NJ’s booming online gaming market

      In 2023, the gambling industry in New Jersey, along with its online partners, experienced a significant 11% increase in revenue, reaching a record-breaking $5.77 billion. Internet gambling and sports betting contributed significantly to this figure, accounting for nearly 46% of the total revenue, amounting to over $1.9 billion and over $1 billion, respectively.

      Interestingly, in-person gambling only constituted around half of the total gaming revenue for the state during the same period. While Atlantic City casinos collectively earned $2.8 billion from in-person gamblers, surpassing pre-COVID-19 levels, the majority of this revenue stemmed from the three leading casinos in the city, each of which exceeded their 2019 results.

      Here’s a glimpse into the state’s recent online gaming revenue performance, based on the previous consolidated reporting format:

      • Q2 2023: The online gaming industry in New Jersey generated $427 million in revenue, reflecting a steady upward trend;
      • Q3 2023: Online gaming revenue hit $451 million, marking a 9% year-over-year growth;
      • Q4 2023: Total online gaming revenue reached $482 million, representing a 12% increase over Q4 2022

      The detailed breakdown for March 2024 and beyond will offer a much more nuanced understanding of how these impressive figures translate to individual operator performance.

      DGE to reissue previous reports

      In a move demonstrating further commitment to transparency, the DGE has announced it will reissue its January and February 2024 online gaming revenue reports. These reports will be updated to include the new, detailed operator-by-operator breakdown. This retroactive approach ensures a comprehensive picture of the market’s performance since the beginning of the year.

      The increased transparency is expected to benefit various stakeholders within the New Jersey online gaming ecosystem, including prospective market entrants. Investors will gain valuable insights for informed decision-making. Consumers will have access to more information when choosing between online gaming platforms. Ultimately, the detailed reporting format is likely to foster a more competitive and dynamic online gaming market in New Jersey.

      Get Weekly Email Updates

      Covering all aspects of regulated U.S. online casinos, iGaming, sweepstakes, and more

      Related Posts

      casino slots players

      The 10 States With The Biggest Annual Retail Casino Revenue Growth

      arkansas vote

      Inside The Battle To Remove Polarizing Casino Amendment From The Arkansas Ballot

      slot machines cosmopolitan

      Spin Cycle: Responsible Betting Promotion, College Betting Opposition Highlight Week In Gambling

      ballot drop box

      One Week From Election Day, Trump The Betting Favorite, But There’s More To The Story

      Recommended Read

      casino live stream

      Industry

      The Allure And The Antics Of Kick Casino Streamers

      There’s More…

      New Jersey AG Matthew Platkin

      Industry

      New Jersey AG Platkin Headlines Upcoming East Coast Gaming Congress

      The New Jersey attorney general will be the keynote speaker at the annual East Coast Gaming Congress (ECGC) in Atlantic City this month.

      April 2, 2024

      Erik Gibbs

      slot machines cosmopolitan

      Industry

      Spin Cycle: Bally Ho, Bovada No-Go, Prophet Pivot Highlight Week In Gambling

      Welcome to “Spin Cycle,” Casino Reports’ weekly Friday roundup of all things impactful, intriguing, impressive, or idiotic in the gambling industry.

      July 5, 2024

      Eric Raskin

      Las Vegas Casino interior

      Industry

      The Ruddock Report: The Clock Is Winding Down On 2024 Legalization Hopes

      Our monthly look at the online gambling landscape includes the current legal and regulatory scene, prospective states, and trends to watch.

      March 28, 2024

      Steve Ruddock

      Arkansas on a map underneath a magnifying glass

      Industry

      Arkansas Enters Online Casino Legalization Conversation — Without Requiring A Whole New Law

      Saracen Casino Resort Chief Marketing Officer Carlton Saffa is advocating for an update to an existing law to add iCasino gaming.

      September 7, 2024

      Erik Gibbs

      Get Weekly Email Updates

      Covering all aspects of regulated U.S. online casinos, iGaming, sweepstakes, and more

      • About
      • Contact
      • Privacy
      • Terms
      • Disclosure
      • Responsible Gaming

      © 2025 Casino Reports. Web Design by Fhoke.