New Jersey’s January iGaming revenue tops $100m for the first time

New Jersey’s online gambling market posted its first ever monthly revenue total over $100m in January, while basketball and the NFL playoffs pushed sports betting revenue to yet another record. 

Figures released Wednesday by the New Jersey Division of Gaming Enforcement (DGE) show the state’s licensed online casino and poker operators generated combined revenue of just under $103.8m in January, an 88.4% rise from the same month last year and nearly $4m better than the state’s previous iGaming record set in December 2020. 

January’s records were (as always) primarily due to the online casino vertical, which shot up 89.7% year-on-year to $101m all on their own. Online poker contributed $2.75m, up by nearly one-half from January 2020. Both verticals undoubtedly benefited from cross-selling to sports bettors who enjoyed a full slate of marquee matchups last month. 

Golden Nugget Online Gaming led January’s iGaming revenue pack with $31.2m (+47%) but the Borgata casino’s family of sites – which includes the BetMGM brand – wasn’t far back with $28.7m, which represented a stellar 176.8% year-on-year improvement. Around $926k of the Borg’s January total came via poker. 

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