New Jersey Online Poker Revenue was Down in 2022 But Better than Pre-COVID

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Feb 09, 2023 2 min read

The New Jersey Division of Gaming Enforcement (DGE) released the complete online poker revenue results from 2022, and they show an 8.5% decline year-over-year. But that isn't cause for concern nor should it be viewed as a downward trend for the industry.

Instead, it was simply a return to normalcy for online poker in the Garden State coming down from the COVID boom.

Back in 2020, starting with March when casinos were shut down, the state generated a record $3.6 million in revenue from its three New Jersey poker operators. The following two months were even better, reaching as high as $5.1 million in April 2020 and $4.8 million in July before leveling off to figures that were closer to previous years to close out the year.

In 2021, as more live poker rooms began to reopen in Atlantic City and in neighboring states (Pennsylvania, mostly), online poker revenue was still a bit higher than pre-COVID figures, with most months in the $2.3 million to $2.4 million range. For the year, the seven legal poker sites generated a combined $29,923,710 in revenue, the best overall year, excluding 2020, since internet poker was legalized in 2013.

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How 2022 New Jersey Online Poker Compared to 2021

There are three poker operators with a combined seven poker sites licensed to operate in New Jersey — Borgata (Partypoker, BetMGM, PalaPoker, Borgata Poker), Resorts Atlantic City (PokerStars), and Caesars Atlantic City (WSOP, 888poker).

Each of the three poker operators generates a solid amount of revenue, exceeding $500,000 monthly, with Caesars reaching close to the $1 million mark during the World Series of Poker due to hosting online bracelet events.

In 2022, New Jersey online poker revenue hit $27,374,502, down approximately 8.5% compared to 2021 ($2,549,208). That's not so bad when you consider live poker was mostly back to full strength in 2022.

When compared to 2019, pre-COVID, 2022's revenue was more than a 30% improvement. The largest drop-off year-over-year when comparing 2022 to 2021 results was July, which saw a 25.9% decline. But that was almost certainly due to the 13 online bracelet events hosted last summer in New Jersey. The full month-by-month comparison is below.

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