Gambling revenue in New Jersey surged to an all-time high of $6.98 billion in 2025.
The growth was largely fueled by the state’s iGaming market, which experienced double-digit increases.
Total gaming revenue for the year rose 10.8% compared to $6.3 billion in 2024, which had previously held the record.
iGaming Leads the Way
Data from the New Jersey Division of Gaming Enforcement revealed that all gambling sectors saw year-on-year growth.
Online casinos, however, were the standout performers, with revenue climbing 22%.
Revenue from online gaming reached $2.91 billion, surpassing land-based casinos for the first time.
Within this, online slots and table games generated $2.88 billion, while internet poker added $30.3 million, a 6.3% increase.
Market leaders FanDuel and Golden Nugget earned $655.5 million, up 29.4%.
DraftKings and Resorts World followed with $569.8 million, a 10.6% rise.
BetMGM and Borgata earned $376 million, increasing 30.7% compared to the previous year.
Sports Betting Shows Steady Improvement
New Jersey’s sports betting market saw revenue grow 7.5% to $1.18 billion.
This followed an 8.7% increase in 2024.
Of the total, $1.15 billion came from online betting, an 8.2% rise, while land-based sportsbook revenue declined 12.1% to $29.5 million.
The annual handle, or total wagers, reached $12.23 billion, down 4.2% from 2024.
Online wagers made up $11.72 billion, with $515.5 million bet in physical sportsbooks.
The annual hold rate for New Jersey stood at 9.65%, up from 8.54% the previous year.
FanDuel and Meadowlands led online operators with $470.1 million, a 2.3% rise.
DraftKings and Resorts World followed at $325.3 million, up 12.5%, with BetMGM and Borgata in third at $85.8 million, a 21.5% increase.
Land-Based Casino Revenue Edges Up
Traditional land-based casinos also saw modest growth, reaching $2.89 billion in revenue, slightly below online totals.
Slot machines contributed $2.13 billion, up 1.7%, while table games rose 5.7% to $762.5 million.
The state collected $1.01 billion in gambling taxes in 2025.
iGaming accounted for $581.9 million, sports betting $209.1 million, and land-based casinos $216.8 million.
Strong Finish to 2025
December 2025 gambling revenue reached $605.6 million, a 15.9% increase from 2024 but down 4.8% from November.
Online casinos led with $273.2 million, including $270.9 million from slots and tables and $2.2 million from poker.
FanDuel and Golden Nugget led the month with $61.9 million.
Sports betting revenue skyrocketed 85% to $116.3 million, mostly from online wagers, with a handle of $1.06 billion and a monthly hold of 10.93%.
Land-based casinos brought in $216.1 million, down 6.7% year-on-year, with $159.1 million from slots and $57 million from table games.
Taxes collected in December totaled $100.9 million: $60.7 million from online casinos, $24.2 million from sports betting, and $16 million from land-based venues.
