iGaming Powers New Jersey Gambling Revenue in April

Gambling revenue in New Jersey rose by 5% year-on-year in April 2025, with growth in the iGaming sector helping to offset continued declines in both land-based casino operations and sports betting. Total gambling revenue for the month reached $536.6 million, according to figures released by the New Jersey Division of Gaming Enforcement.

Though slightly behind March’s $545.8 million total, April's performance was a strong showing—outpacing April 2024’s $510.9 million. Once again, online gambling led the charge, contributing more to the overall market than physical casinos or sportsbooks.

iGaming revenue reached $235.2 million in April, a 25.2% increase from the same period last year. The sector fell just shy of its all-time high of $243.9 million recorded in March, underlining its growing dominance in the state’s gambling landscape. Of the total iGaming revenue, $232.8 million came from online slot and table games—categorized as “other authorized games”—which marked a 25.4% year-on-year rise. Online poker, a relatively smaller segment, generated $2.4 million, up 3.2%.

FanDuel and Golden Nugget Atlantic City led the iGaming market, reporting $52.9 million in revenue, a 35.3% increase. DraftKings and Resorts Casino Hotel followed with $46.9 million, up 19.5%, while BetMGM and Borgata brought in $29.6 million. Borgata’s own branded platform added $20.8 million, and Caesars with Tropicana Atlantic City completed the top five at $15.9 million.

Sports Betting Revenue Contracts Again

New Jersey

NJ Online Casinos

NJ Sports Betting

Gambling Laws

NJ Online Poker

NJ Land Casinos

29 Casinos

All Casinos

The total handle for April was $994.4 million, down 1.5% from the previous year and 10.4% from March. Online wagers accounted for $954.1 million of that figure, with retail betting contributing $40.4 million. The monthly hold rate—the percentage of total bets retained as revenue—stood at 9.1%.

Among operators, FanDuel and Meadowlands led the market with $31.8 million in revenue. DraftKings and Resorts Casino Hotel were next at $22.8 million, followed by BetFanatics and Bally’s with $12.9 million. BetMGM and Borgata posted $7.1 million, while Bet365 and Hard Rock generated $5.6 million. Meadowlands also topped the retail betting segment with $1.7 million.

Once the backbone of New Jersey’s gambling industry, land-based casinos continued to slip behind digital alternatives. Brick-and-mortar casinos generated $211 million in April, down 2.7% from last year. Slot machines brought in $162.2 million, a modest 2.1% increase, but revenue from table games dropped significantly—falling 16% to $48.8 million. As iGaming expands, land-based casinos are increasingly becoming a secondary contributor to the state’s gambling economy.

New Jersey collected $59.8 million in taxes from gambling activities in April. iGaming contributed the largest share at $35.3 million, followed by land-based casinos at $12.7 million. Online sports betting yielded $11.5 million in taxes, while retail sportsbooks added $212,287.

 

Online gambling continues to drive growth in New Jersey’s gaming industry, even as traditional casinos and sportsbooks face ongoing revenue challenges.

Outlook

New Jersey’s April figures reaffirm the structural shift underway in its gambling market, with digital platforms—particularly iGaming—becoming the dominant revenue source. While growth in online gambling remains strong, ongoing declines in both sports betting and physical casino operations could present long-term sustainability challenges for the broader market.