More internet casino gaming history was made in November as Golden Nugget became the first in the state to generate $50 million in monthly revenue, topping that threshold by nearly $114,000. Golden Nugget the first to $50 million in monthly revenue New Jersey has claimed $540.3 million in state taxes from gaming thus far this year. Casino taxes totaled almost $13.1 million, while sports wagering provided the remaining $12.3 million. The state last month received $51.1 million in gaming taxes, with the $25.7 million from iCasino accounting for just over half that amount. Sports betting has produced the best year-over-year increase in terms of percentage in 2023 for New Jersey gaming, as the $897.2 million is a 32.9% increase versus the first 11 months of last year.

Sports wagering revenue totaled close to $95.9 million, an increase of 19.2% from November 2022 that was aided by a record handle of $1.6 billion. Atlantic City casinos reported $214.9 million in retail revenue for November, up 0.2% from 2022 as gains in slot revenue were just enough to offset declines in casino table games. Overall, gaming revenue totaled $482.4 million for November, a decline of just under 1% from the $487.1 million generated in October. Online poker rake in November totaled nearly $2.1 million, a 2.4% decline from last year. They have generated $1.74 billion in revenue heading into the final month of 2023, up 15.4% from the $1.51 billion claimed in 2022.

November’s figure was a 17.4% increase from 12 months ago, providing operators $25.4 million more in revenue. They then pushed over $160 million in March and set a record with $166.8 million in October before crashing through the $170 million mark last month. Legal online casinos first cleared $150 million to close out 2022 before topping that mark in January. It was the second consecutive month and fourth time in 2023 that New Jersey online casinos achieved a new standard for revenue. The New Jersey Division of Gaming Enforcement reported that a record $171.6 million in online casino revenue was earned by operators in November, helping the state post a solid 9.4% year-over-year increase in overall gaming winnings.

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