Sports Betting Revenue in New Jersey: Everything You Need To Know

Legal sports betting in the United States has allowed bettors to exercise their skills and bet on their favorite sports. With the inclusion of online sports betting, things have become even more efficient and seamless for the players. A majority of US states have already permitted legal online gambling in their jurisdiction, and the NJ sports betting industry is one of those flourishing wagering industries. NJ players are keen to bet on sports online in New Jersey and ear rewards. 

There are plenty of things that you need to consider before choosing any recommended sportsbook for NJ online betting. Ascertaining their sports betting revenue is one among them. Since sports wagering became a part of legal online gambling in 2018, many NJ sports betting service providers introduced their dedicated sports betting apps to enhance the wagering experience. They have been making all the required efforts to improve players’ experience with 2020 NJ sports betting that is eventually adding up to their review. So, the more revenue a sportsbook has, the better their services.  In this article, we will talk about online sports betting revenue of the top-rated sportsbook in the state of New Jersey that will help you make a better decision.

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NJ Sports Betting Revenue Online: An In-Depth View

It is essential to understand the revenue status of different sites in order to ascertain their credibility in the industry.

December 2018

Operator 

Online Betting Revenue 

Retail Betting Revenue 

Online Taxes Paid 

Retail Taxes Paid 

Borgata

-$22,436

$189,677

-$2,917

$16,123

Ocean Resort

$1,044,026

$633,857

$135,083

$53,880

Harrah’s

NA

$215,971

NA

$7,796

Golden Nugget

NA

$82,532

NA

$7,016

Resorts AC

$6,690,969

$195,766

$869,826

$16,641

Tropicana

NA

$217,408

NA

$18,314

Hard Rock AC

NA

NA

NA

NA

Caesars

$108,892

NA

$14,156

NA

January 2019 

Operator 

Online Betting Revenue 

Retail Betting Revenue 

Online Taxes Paid 

Retail Taxes Paid

Borgata

$41,897

$635,564

$5,447

$54,023

Ocean Resort

$1,285,576

-$14,287

$164,864

-$1,183

Harrah’s

NA

$20,615

NA

$1,752

Golden Nugget

NA

$27,287

NA

$2,319

Resorts AC

$6,893,983

$242,636

$896,545

$20,624

Tropicana

$196

$98,626

$25

$8,332

Hard Rock AC

$25,235

NA

$3,281

NA

Caesars

$260,290

NA

$33,838

NA

February 2019

Operator 

Online Betting Revenue 

Retail Betting Revenue 

Online Taxes Paid

Retail Taxes Paid

Borgata

$40,265

$715,727

$5,235

$60,837

Ocean Resort

$1,026,073

$280,656

$116,911

$25,073

Harrah’s

$95,617

NA

$8,127

NA

Golden Nugget

$34,018

$159,289

$4,422

$13,539

Resorts AC

$3,716,608

$142,846

$483,159

$12,142

Tropicana

$10,477

$69,030

$1,362

$5,912

Hard Rock AC

$18,962

$103,614

$2,465

$8,807

Caesars

$223,339

NA

$28,691

NA

March 2019

Operator 

Online Betting Revenue 

Retail Betting Revenue 

Online Taxes Paid

Retail Taxes Paid

Borgata

$100,886

$752,407

$7,880

$3,118

Ocean Resort

$1,416,004

$541,776

$222,175

$20,929

Harrah’s

NA

$127,644

NA

$2,723

Golden Nugget

$98,120

$93,755

$17,178

$5,570

Resorts AC

$7,278,126

$85,105

$946,156

$7,234

Tropicana

$21,310

$251,169

$2,771

$21,347

Hard Rock AC

$16,954

$65,300

$2,204

$5,551

Caesars

$336,866

NA

$43,792

NA

April 2019

Operator 

Online Betting Revenue 

Retail Betting Revenue 

Online Taxes Paid

Retail Taxes Paid

Borgata

$24,697

$49,457

$3,210

$4,204

Ocean Resort

$874,737

$37,007

$113,459

$3,179

Harrah’s

NA

$73,542

NA

$6,251

Golden Nugget

$39,392

$176

$10,691

$5,585

Resorts AC

$4,766,701

$245,717

$619,040

$20,886

Tropicana

$20,279

$97,247

$2,636

$8,230

Hard Rock AC

$81,613

$49,137

$10,609

$4,176

Caesars

$270,782

NA

$35,201

NA

May 2019

Operator 

Online Betting Revenue 

Retail Betting Revenue 

Online Taxes Paid

Retail Taxes Paid 

Borgata

$ 119,054

$ 50,768

$ 15,477

$ 4,315

Ocean Resort

$ 625,785

$21,891

$ 88,877

$5,500

Harrah’s

NA

$ 67,115

NA

$ 5,704

Golden Nugget

$16,957

$ 46,688

$ 3,380

$1,616

Resorts AC

$ 4,103,394

$12,138

$ 533,441

$1,032

Tropicana

$ 8,583

$ 97,471

$1,735

$ 10,903

Hard Rock AC

$39,064

$ 135,167

$5,078

$ 11,490

Caesars

$ 235,674

NA

$ 30,638

NA

June 2019

Operator 

Online Betting Revenue 

Retail Betting Revenue 

Online Taxes Paid

Retail Taxes Paid

Borgata

$32,882

$ 97,131

$4,275

$ 8,256

Ocean Resort

$793,682

$ 178,805

$102,220

$ 15,159

Harrah’s

NA

$ 12,585

NA

$ 1,070

Golden Nugget

$37,515

$ 115,428

$4,877

$ 9,811

Resorts AC

$2,687,946

$ 34,220

$349,433

$ 2,909

Tropicana

$10,329

$ 78,846

$1,343

$ 6,653

Hard Rock AC

$28,698

$ 24,443

$3,731

$ 2,154

Caesars

$26,752

NA

$3,478

NA

July 2019

Operator 

Online Betting Revenue 

Retail Betting Revenue 

Online Taxes Paid

Retail Taxes Paid

Borgata

$163,086

$ 696,392

$21,201

$ 59,193

Ocean Resort

$645,956

$59,040

$82,839

$5,069

Harrah’s

NA

$ 113,530

NA

$ 9,650

Golden Nugget

$127,349

$ 96,373

$16,555

$ 8,192

Resorts AC

$3,721,550

$ 544,990

$483,802

$ 46,324

Tropicana

$14,968

$ 111,281

$1,824

$ 9,434

Hard Rock AC

$24,669

$ 129,322

$3,207

$ 10,992

Caesars

$236,254

NA

$30,713

NA

August 2019

Operator 

Online Betting Revenue 

Retail Betting Revenue 

Online Taxes Paid

Retail Taxes Paid

Borgata

$261,312

$ 669,669

$33,971

$ 56,922

Ocean Resort

$915,129

$ 353,832

$118,639

$ 30,065

Harrah’s

NA

$ 155,715

NA

$ 13,236

Golden Nugget

$181,427

$ 263,030

$23,586

$ 22,358

Resorts AC

$6,697,318

$ 527,158

$870,651

$ 44,808

Tropicana

$39,638

$ 284,335

$5,153

$ 24,124

Hard Rock AC

$106,487

$ 182,995

$13,843

$ 15,555

Caesars

$340,832

NA

$44,308

NA

September 2019

Operator 

Online Betting Revenue 

Retail Betting Revenue 

Online Taxes Paid

Retail Taxes Paid

Borgata

$ 721,801

$ 756,416

$ 93,834

$ 64,295

Ocean Resort

$ 1,301,140

$ 1,804,785

$ 169,148

$ 152,549

Harrah’s

NA

$ 118,102

NA

$ 10,039

Golden Nugget

$ 336,740

$ 150,698

$ 43,776

$ 12,809

Resorts AC

$ 10,721,309

$ 340,117

$ 1,393,840

$ 28,910

Tropicana

$ 29,783

$ 170,792

$ 3,872

$ 14,505

Hard Rock AC

$ 178,255

$ 231,150

$ 23,173

$ 19,648

Caesars

$ 486,668

NA

$ 63,267

NA

October 2019

Operator 

Online Betting Revenue 

Retail Betting Revenue 

Online Taxes Paid

Retail Taxes Paid

Borgata

$ 1,387,821

$458,351

$ 180,417

$38,960

Ocean Resort

$ 1,635,104

$697,659

$ 212,564

$59,250

Harrah’s

NA

$92,449

NA

$7,858

Golden Nugget

$ 359,216

$176,890

$ 46,698

$15,036

Resorts AC

$ 10,558,087

$265,320

$ 1,372,551

-$2,571

Tropicana

$ 40,014

$350,230

$ 5,202

$29,754

Hard Rock AC

$ 1,841,732

$123,616

$ 239,425

$10,507

Caesars

$ 536,600

NA

$ 69,758

NA

November 2019

Operator 

Online Betting Revenue 

Retail Betting Revenue 

Online Taxes Paid

Retail Taxes Paid

Borgata

$1,343,185

$734,240

$174,614

$62,410

Ocean Resort

$2,054,925

$492,357

$267,140

$41,796

Harrah’s

NA

$22,565

NA

$1,918

Golden Nugget

$163,863

$91,692

$21,302

$7,794

Resorts AC

$9,129,854

$51,278

$1,186,881

$4,359

Tropicana

$71,706

$108,392

$9,322

$9,186

Hard Rock AC

$ 178,255

$19,837

$1,686

$ 23,173

Caesars

$455,553

NA

$59,222

NA

Decembber 2019

Operator 

Online Betting Revenue 

Retail Betting Revenue 

Online Taxes Paid

Retail Taxes Paid

Borgata

$995,096

$1,277,103

$129,362

$108,554

Ocean Resort

$1,230,059

-$67,260

$159,908

-$5,783

Harrah’s

NA

-$107,646

NA

-$9,150

Golden Nugget

$102,524

$66,306

$13,328

$5,636

Resorts AC

$9,331,085

-$406,493

$1,213,041

-$34,552

Tropicana

$32,958

$71,715

$4,285

$6,074

Hard Rock AC

-$294,442

-$51,182

-$38,277

-$4,350

Caesars

$64,759

NA

$8,419

NA

January 2020 

Operator 

Online Betting Revenue 

Retail Betting Revenue 

Online Taxes Paid

Retail Taxes Paid

Borgata

$2,460,264

$723,927

$319,834

$61,534

Ocean Resort

$1,963,678

$377,369

$255,278

$31,990

Harrah’s

NA

$107,424

NA

$9,131

Golden Nugget

$431,643

$116,266

$56,114

$9,883

Resorts AC

$15,895,379

$163,436

$2,066,399

$13,892

Tropicana

$74,379

$100,288

$9,669

$8,396

Hard Rock AC

$340,933

-$4,467

$44,321

-$380

Caesars

$491,164

NA

$63,851

NA

February 2020

Operator 

Online Betting Revenue 

Retail Betting Revenue 

Online Taxes Paid

Retail Taxes Paid

Borgata

$1,032,920

-$318,896

$134,280

-$27,106

Ocean Resort

$168,015

-$65,868

$21,842

-$5,599

Harrah’s

NA

$41,649

NA

$3,540

Golden Nugget

-$308,997

-$135,314

-$40,360

-$11,502

Resorts AC

$4,008,234

$47,143

$521,070

$4,007

Tropicana

$30,558

$91,899

$3,973

$7,784

Hard Rock AC

$96,397

$19,294

$12,532

$1,640

Caesars

$34,183

NA

$4,444

NA

March 2020

Operator 

Online Betting Revenue 

Retail Betting Revenue 

Online Taxes Paid

Retail Taxes Paid

Borgata

$609,235

-$122,207

$79,201

-$10,388

Ocean Resort

$635,620

–$68,436

$82,631

–$5,817

Harrah’s

-$39,058

NA

-$3,320

NA

Golden Nugget

$143,209

-$10,348

$18,617

-$880

Resorts AC

$5,136,690

-$93,821

$667,770

-$7,975

Tropicana

$17,180

$42,081

$2,233

$3,576

Hard Rock AC

$167,314

-$32,854

$21,751

-2,793

Caesars

$44,413

NA

$5,774

NA

April 2020

Operator 

Online Betting Revenue 

Retail Betting Revenue 

Online Taxes Paid

Retail Taxes Paid

Borgata

$78,477

$12,153

Ocean Resort

$86,934

$11,839

Harrah’s

Golden Nugget

$9,097

Resorts AC

$604,359

$78,567

Tropicana

$1,920

Hard Rock AC

$43,892

$5,706

Caesars

$20,095

$2,612

May 2020

Operator 

Online Betting Revenue 

Retail Betting Revenue 

Online Taxes Paid

Retail Taxes Paid

Borgata

$701,283

$6,957

$91,167

Ocean Resort

$439,967

$2,149

$57,196

Harrah’s

NA

$16,201

NA

Golden Nugget

$54,433

Resorts AC

$3,766,305

$489,620

Tropicana

$23,476

$2,759

$3,052

Hard Rock AC

$230,004

$29,901

Caesars

$107,171

NA

$13,932

NA

June 2020

Operator 

Online Betting Revenue 

Retail Betting Revenue 

Online Taxes Paid

Retail Taxes Paid

Borgata

$881,435

$4,132

$114,587

Ocean Resort

$691,135

$3,450

$89,848

Harrah’s

NA

$2,109

NA

Golden Nugget

$66,533

Resorts AC

$3,878,994

$504,269

Tropicana

$5,245

$2,819

$606

Hard Rock AC

$450,589

$58,577

Caesars

$43,561

NA

$5,663

NA

July 2020

Operator 

Online Betting Revenue 

Retail Betting Revenue 

Online Taxes Paid

Retail Taxes Paid

Borgata

$881,435

$659,699

$8,082,473

$16,362

Ocean Resort

$1,409,309

$22,769

$183,210

Harrah’s

NA

-$76,393

NA

Golden Nugget

$85,028

$13,436

$4,320

Resorts AC

$8,156,371

-$1,728

$1,060,328

Tropicana

$38,358

$66,793

$4,987

$5,054

Hard Rock AC

$838,812

$17,546

$109,046

Caesars

$357,132

NA

$46,427

NA

August 2020

Operator 

Online Betting Revenue 

Retail Betting Revenue 

Online Taxes Paid

Retail Taxes Paid

Borgata

$3,279,970

$1,233,097

$426,396

$104,813

Ocean Resort

$1,171,710

$357,993

$152,322

$19,959

Harrah’s

NA

-$37,197

NA

Golden Nugget

$41,851

$50,363

$5,441

Resorts AC

$10,019,360

-$82,488

$1,302,517

Tropicana

$51,948

$32,899

$6,753

$2,796

Hard Rock AC

$530,136

$45,003

$68,918

Caesars

-$41,648

NA

NA

The best New Jersey’s betting sites for wagering on the:

Frequently Asked Questions

Is it legal to bet on sports online in the US?
Yes, you can legally bet on sports in the US. Just make sure the concerned sportsbook is legal in your state.
Do you pay taxes on sports betting in NJ?
Sports betting is among the different forms of winning from gambling, and these winning areas are subject to 24% federal tax. NJ tax rate for retail sportsbook winnings is 8.5%, and winning from mobile apps is 13%.
How much does NJ make on sports betting?
NJ sports betting made around $4.58 billion in the year 2019. The revenue is getting better and better each year, which is clearly showcasing dominance.
Do casinos report your winnings to the IRS?
Casino winnings are subjected to tax. Hence all your winning must be reported to the IRS during the time of tax return filing.
How big is the US sports betting market?
The US sports betting market is worth $8 billion.
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