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

Best Sports Betting BonusLegal 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.

Table of Content

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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.

    Written by:

    Andy is a skilled recreational gambler for more than 11 years. His primary focus is on the regulated US online casino and poker markets. Editor-In-Chief at Luckynj.com.
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