New Jersey Gaming Revenue by Brands – 2021 Recap

The iGaming market in the Garden State continues to be a significant player on the US landscape, with more users turning towards licensed sites. This feature will explore how much gaming revenue various iGaming operators generated in 2021.

The iGaming industry is growing at a fast pace in New Jersey, with seven major brands accounting for almost all of the generated revenue.

According to the New Jersey Division of Gaming Enforcement figures, the leading company is Borgata, alongside its sister company BetMGM – they and their other satellite brands have generated $402.2 million in revenue in 2021.

The second place was taken by Golden Nugget Online Gaming (GNOG), whose revenue totaled $312 million. GNOG has officially reported a 41% year-on-year growth in its revenue for 2021.

And the third place went to Resorts group of brands including DraftKings, PokerStars NJ, and Mohegan Sun, and its revenue totaled $283 million in 2021.

The iGaming industry has seen strong performance and year-on-year growth in New Jersey and the US in general. The change is primarily due to seven new markets that were officially opened between 2020 and 2021. Every regulated US market except Delaware hit an annual wagering record in 2021. It's only a matter of time before it reaches full maturity, which will result in even more open opportunities and benefits for players!

References:
1. https://igamingnj.com/news/nj-igaming-revenue-hits-record-1b-in-2021/
2. https://www.njoag.gov/about/divisions-and-offices/division-of-gaming-enforcement-home/financial-and-statistical-information/monthly-internet-gross-revenue-reports/
3. https://www.statista.com/statistics/944117/online-casino-revenue-new-jersey/
4. https://www.americangaming.org/resources/aga-commercial-gaming-revenue-tracker/

Transcript

1. New Jersey iGaming New Jersey iGaming Revenue by Operators: Revenue by Operators: 2021 Recap 2021 Recap
2. Borgata Casino Caesars Casino Golden Nugget Resorts Casino Tropicana Casino In this Presentation Hard Rock Casino Ocean Casino References 01 02 03 04 05 06 07 08
3. Quarter Total Revenue Casino Revenue State Tax Local Tax Q1 2021 $90,604,003 $87,923,693 $13,590,600 $2,265,101 Q2 2021 $99,924,460 $97,676,039 $14,988,669 $2,498,112 Q3 2021 $111,981,530 $109,422,794 $16,797,229 $2,799,538 Q4 2021 $109,618,126 $107,146,518 $16,442,718 $2,740,455 TOTAL $412,128,119 $402,169,044 $61,819,216 $10,303,206 Borgata Casino – 2021 Revenue Total gaming revenue for 2019 was $72,657,510*. Total gaming revenue for 2020 was $198,395,904**. * Data is gathered from public sources and calculated roughly; therefore, it may may to some extent vary from the actual revenue. ** Data is gathered from public sources and calculated roughly; therefore, it may may to some extent vary from the actual revenue.
4. Quarter Total Revenue Casino Revenue State Tax Local Tax Q1 2021 $25,699,835 $22,781,106 $3,854,975 $642,497 Q2 2021 $27,720,523 $24,891,293 $4,158,078 $693,013 Q3 2021 $20,373,873 $17,856,310 $3,056,081 $509,347 Q4 2021 $29,083,213 $26,504,973 $4,362,482 $727,080 TOTAL $102,877,444 $92,033,682 $15,431,616 $2,571,937 Caesars Casino – 2021 Revenue Total gaming revenue for 2019 was $46,463,570*. Total gaming revenue for 2020 was $78,409,811**. * Data is gathered from public sources and calculated roughly; therefore, it may may to some extent vary from the actual revenue. ** Data is gathered from public sources and calculated roughly; therefore, it may may to some extent vary from the actual revenue.
5. Quarter Total Revenue Casino Revenue State Tax Local Tax Q1 2021 $90,851,284 $90,851,284 $13,627,692 $2,271,282 Q2 2021 $91,125,793 $91,125,793 $13,668,869 $2,278,145 Q3 2021 $94,356,799 $94,356,799 $14,153,520 $2,358,920 Q4 2021 $102,270,548 $102,270,548 $15,340,582 $2,556,764 TOTAL $370,690,675 $312,339,952 $46,850,992 $7,808,499 Golden Nugget Casino – 2021 Revenue Total gaming revenue for 2019 was $177,019,811*. Total gaming revenue for 2020 was $318,865,531**. * Data is gathered from public sources and calculated roughly; therefore, it may may to some extent vary from the actual revenue. ** Data is gathered from public sources and calculated roughly; therefore, it may may to some extent vary from the actual revenue.
6. Quarter Total Revenue Casino Revenue State Tax Local Tax Q1 2021 $64,015,629 $61,689,546 $9,602,344 $1,600,390 Q2 2021 $63,693,228 $61,747,093 $9,553,985 $1,592,331 Q3 2021 $73,304,040 $71,337,086 $10,995,605 $1,832,602 Q4 2021 $90,099,751 $88,182,868 $13,514,963 $2,252,494 TOTAL $291,112,648 $282,956,593 $43,666,897 $7,277,817 Resorts Casino – 2021 Revenue Total gaming revenue for 2019 was $93,168,318. Total gaming revenue for 2020 was $195,808,536**. * Data is gathered from public sources and calculated roughly; therefore, it may may to some extent vary from the actual revenue. ** Data is gathered from public sources and calculated roughly; therefore, it may may to some extent vary from the actual revenue.
7. Quarter Total Revenue Casino Revenue State Tax Local Tax Q1 2021 $20,806,295 $20,806,295 $3,120,944 $520,158 Q2 2021 $19,901,463 $19,901,463 $2,985,219 $497,536 Q3 2021 $21,183,086 $21,183,086 $3,177,463 $529,577 Q4 2021 $25,455,043 $25,455,043 $3,818,257 $636,376 TOTAL $87,345,887 $87,345,887 $13,101,883 $2,183,647 Tropicana Casino – 2021 Revenue Total gaming revenue for 2019 was $44,797,619*. Total gaming revenue for 2020 was $70,090,968**. * Data is gathered from public sources and calculated roughly; therefore, it may may to some extent vary from the actual revenue. ** Data is gathered from public sources and calculated roughly; therefore, it may may to some extent vary from the actual revenue.
8. Quarter Total Revenue Casino Revenue State Tax Local Tax Q1 2021 $16,192,834 $16,192,834 $2,428,925 $404,821 Q2 2021 $17,004,566 $17,004,566 $2,550,685 $425,114 Q3 2021 $18,481,449 $18,481,449 $2,772,218 $462,036 Q4 2021 $15,636,882 $15,636,882 $2,345,532 $390,921 TOTAL $67,315,731 $67,315,731 $10,097,360 $1,682,892 Hard Rock Casino – 2021 Revenue Total gaming revenue for 2019 was $22,533,132*. Total gaming revenue for 2020 was $59,644,690**. * Data is gathered from public sources and calculated roughly; therefore, it may may to some extent vary from the actual revenue. ** Data is gathered from public sources and calculated roughly; therefore, it may may to some extent vary from the actual revenue.
9. Quarter Total Revenue Casino Revenue State Tax Local Tax Q1 2021 $3,081,105 $3,081,105 $462,166 $77,027 Q2 2021 $3,604,071 $3,604,071 $540,610 $90,102 Q3 2021 $4,506,900 $4,506,900 $676,036 $112,672 Q4 2021 $4,791,385 $4,791,385 $718,707 $119,785 TOTAL $12,757,058 $12,757,058 $1,913,559 $318,926 Ocean Casino – 2021 Revenue Total gaming revenue for 2019 was $5,120,380*. Total gaming revenue for 2020 was $10,319,801**. * Data is gathered from public sources and calculated roughly; therefore, it may may to some extent vary from the actual revenue. ** Data is gathered from public sources and calculated roughly; therefore, it may may to some extent vary from the actual revenue.
10. References 01 02 03 04 05 06 New Jersey Division of Gaming Enforcement – Monthly Internet Gross Revenue Reports Statista: Monthly online casino revenue in New Jersey from January 2019 to December 2021, by operator New Jersey online casino revenue reaches $118.7m record in July - iGB North America N.J. breaks own monthly sports betting record with $1.3B in bets - nj.com AGA Commercial Gaming Revenue Tracker - American Gaming Association The 2019 annual report of the New Jersey Casino Control Commission
11. Do you have Do you have any questions? any questions? Send it to us! We hope you learned something new.