Total gambling revenue in New Jersey amounted to $636.2 million in November, higher than last year and the previous month following growth across iGaming, sports betting and land-based casinos.
November’s total surpassed the same month last year by 14.2%, the New Jersey Division of Gaming Enforcement reported. It was also 4.1% above the $611.1 million posted this October.
Growth was apparent in all three core sectors of the New Jersey market. However, as was the case in October, increases were most noticeable across iGaming and sports betting.
iGaming revenue reaches $253 million
Starting with iGaming, monthly revenue reached $253 million, which was 18.2% more than last year and just 2.8% short of October’s all-time high of $260.3 million.
Slots and table games drew $250.8 million of all iGaming revenue, a rise of 18.5%. However, internet poker revenue dipped 4.6% year-on-year to $2.2 million.
Again, there was no stopping FanDuel and partner Golden Nugget which led the sector with $60.2 million in revenue. DraftKings and Resorts World remained second at $49.6 million, ahead of BetMGM and the Borgata in third with $30.6 million.
New Jersey sports betting revenue up 23% YoY
Turning to sports betting, revenue increased 23% year-on-year to $146.3 million. This was also 26% ahead of October but some way short of the record high of $170.8 million, set in January 2024.
Online betting generated $142.5 million in revenue, 24% more than last year. However, retail revenue fell 6% to $3.9 million, reducing overall market growth.
Handle-wise, player spending hit $1.28 billion, an increase of 4.9% from last year and 3.2% more than October. This was split $1.22 billion across online and $60.5 million retail. As for hold, the statewide figure for November was 11.41%.
In terms of operators, New Jersey publishes only revenue information for each operator in the state. Based on revenue, Meadowlands and FanDuel led the online market with $61.5 million, ahead of DraftKings and Resorts World at $38.3 million and BetFanatics and Bally’s with $11.1 million.
With retail, Hard Rock took top spot with $1.6 million, followed by Meadowlands at $1.1 million and the Borgata at $411,859.
Casino revenue tops $236 million
Finishing with land-based casinos, revenue hit $236.8 million, up 5.7% year-on-year and 0.9% ahead of November.
Here, slot machine win climbed 1.3% to $169.8 million while table game revenue was 19.1% higher for the month at $67 million.
As for the year-to-date, total gambling revenue in New Jersey stood at $6.38 billion at the end of November, a 10.4% improvement on the same point in 2024. iGaming revenue was 22.2% higher at $2.64 billion and sports betting revenue climbed 2.8% to $1.06 billion, while land-based casino revenue was up 3.6% to $2.68 billion.
Growth was apparent in all three core sectors of the New Jersey market.