By 2017, New Jersey had a dozen different casino brands players could choose from, which was a huge variety for the time. New Jersey was the first state in the US to authorize online gambling in 2013. The Emergence of Online Casinos in New Jersey In 2022, casinos, sportsbooks, and online gambling businesses paid more than $526 million in taxes, with a 15% tax on online gambling income accounting for about half of that amount. Well, according to the latest data on land-based casino revenue available, Borgata made $724 million. What about the biggest players on the market? After all, choosing the best casino sites in New Jersey can be rather tricky.

The New Jersey gambling revenue for 2022 reached $5.2 billion, with $2.78 billion of that figure coming from land-based casinos.

There are now 10 land-based casinos and 27 retail sportsbooks in New Jersey. Nowadays, New Jersey is a bustling market for all types of gambling. Resorts Atlantic City, the first NJ casino, opened its doors in 1978. In 1974, New Jersey voters rejected statewide casino gambling legalization, but two years later they backed a new referendum that authorized casinos but only in Atlantic City. Background on the Land-Based Casino Industry in New Jersey Naturally, online gaming started to impact land-based casinos and the way they operate their establishments. And while the pandemic was a huge blow to land-based casinos, iGaming flourished. More and more states decide to legalize and regulate the market instead of making people cross the state borders and participate in illicit gambling. The online gaming market has experienced a major surge in popularity and revenue over the past decade.

Nj online casino revenue