Gambling revenue in New Jersey reached an all-time annual high of $6.98 billion in 2025, driven by double-digit growth within the state’s iGaming market.
Total gaming revenue for the 12 months was 10.8% higher than the $6.3 billion in 2024, which had previously been the annual record for the Garden State.
Data from the New Jersey Division of Gaming Enforcement showed year-on-year growth in all markets. However, online casinos represented the most successful segment, with their revenue up 22%.
That online revenue of $2.91 billion meant that, for the first time, the mobile casinos edged out revenue from land-based casinos. Online slots and table games revenue amounted to $2.88 billion, while internet poker revenue increased 6.3% to $30.3 million.
FanDuel and partner Golden Nugget led the market with $655.5 million in total revenue, up 29.4%. DraftKings and Resorts World ranked second with $569.8 million, an increase of 10.6%. BetMGM and Borgata took third with $376 million, some 30.7% higher than the previous year.
Steady improvement for New Jersey sports betting
The state’s sports betting market saw revenue climb 7.5% year-on-year to $1.18 billion. This followed an 8.7% increase in the previous year. Of the 2025 total, $1.15 billion came from online betting, a rise of 8.2%. However, land-based sportsbook revenue dipped 12.1% to $29.5 million.
As for player spending, yearly handle topped $12.23 billion, down 4.2% from last year. Of this, $11.72 billion was wagered online, while $515.5 million was bet inside sportsbook lounges.
In terms of hold, the annual figure for New Jersey was 9.65%, higher than 8.54% during the previous year.
Operator-wise, FanDuel and Meadowlands kept hold of top spot in the online market with $470.1 million, a rise of 2.3%. DraftKings and Resorts World were second with $325.3 million, up 12.5%. BetMGM and Borgata placed a distant third at $85.8 million, some 21.5% more than 2024.
Land-based casino revenue edges up
Looking to land-based casinos, traditionally the state’s core gambling revenue source, there was some growth. Revenue was 2.7% higher at $2.89 billion, just short of the online total.
Slot machines drew $2.13 billion in revenue, an increase of 1.7%. However, there was more growth in table games, with revenue here up by 5.7% to $762.5 million.
As for taxes netted by the state, a total of $1.01 billion was collected during the 12-month period. Of this, $581.9 million came from iGaming, $209.1 million from sports betting and $216.8 million from land-based casinos.
Positive end to 2025 in New Jersey
The state regulator also published data for gambling in December. Total revenue for the final month of 2025 hit $605.6 million, a 15.9% increase from last year but 4.8% behind November.
Again, online casinos led the way with $273.2 million, a rise of 19.8%. This included $270.9 million from slots and tables and $2.2 million from poker. FanDuel and partner Golden Nugget were the monthly market leaders with $61.9 million in revenue.
Sports betting revenue rocketed 85% to $116.3 million, with almost all of this coming from online wagering. Handle was $1.06 billion, meaning a monthly hold of 10.93%. FanDuel and Meadowlands were the online leaders with $50.2 million in revenue.
Finally, land-based casino revenue topped $216.1 million, down 6.7% from December 2024. Slot machines generated $159.1 million, with table games drawing $57 million.
As for tax, $100.9 million was collected during the month. This included $60.7 million from online casinos, $24.2 million from sports betting and $16 million from land-based casinos.
Online casinos accounted for $2.91 billion of all gaming revenue last year, surpassing the revenue from Atlantic City’s retail casinos.