iGaming Hits Record in New Jersey Numbers in May

New Jersey’s gambling market continued its upward trajectory in May, setting a new monthly record for online gaming revenue and registering gains across all major sectors. According to data released by the New Jersey Division of Gaming Enforcement, total gambling revenue reached $614.7 million, a 20.5% year-on-year increase and up 14.6% from April.

While land-based casinos topped the revenue chart for the first time in months, the spotlight remained on iGaming, which posted its strongest month since regulation began.

New Jersey’s regulated iGaming operators generated $246.8 million in May, surpassing the previous high set in March. The figure represents a 28.5% increase compared to May 2024 and a 4.9% rise over April. Online slots and table games accounted for the bulk of this total at $244.2 million, while internet poker added $2.7 million—up 22.8% year-on-year.

FanDuel, in partnership with Golden Nugget Atlantic City, retained its market-leading position with $54.5 million in online gaming revenue. DraftKings and Resorts Casino Hotel followed with $48.1 million, while BetMGM and Borgata secured third place with $32.5 million. Other notable contributors included Borgata’s standalone platform at $20.8 million and Caesars-operated brands with $18 million.

Sports Betting Rebounds with Strong Hold

Sports wagering revenue in May totaled $102.5 million, marking a 30.2% increase from the same period last year and a 13.3% gain over April. Of this, $98 million came from online bets, while retail sportsbooks saw the sharpest growth, climbing 326.6% year-on-year to $4.5 million.

The state reported a total monthly betting handle of $1.01 billion—$967.1 million of which was wagered online. The overall hold—the percentage of wagers retained by sportsbooks—reached 10.14%, a notable figure in an industry where holds often fluctuate monthly.

FanDuel and its Meadowlands Racetrack partner continued to dominate online sports betting, generating $44.3 million in revenue. DraftKings and Resorts Casino Hotel followed with $28.3 million. Other key players included BetFanatics/Bally’s ($6.2 million), Bet365/Hard Rock ($6.0 million), and ESPN Bet/Resorts ($4.9 million). Meadowlands also led in retail sportsbook revenue, posting $4.8 million. After trailing online sectors in recent months, New Jersey’s brick-and-mortar casinos reclaimed the top spot with $265.3 million in revenue—up 10.9% year-on-year. Slot machines brought in $194.8 million, a 7.5% increase, while table games surged 21.9% to $70.5 million.

Despite the resurgence of in-person gambling, long-term trends continue to show digital wagering as a growing force in the state's gambling economy.

 

May marked a high point for New Jersey’s gambling sector, with digital and land-based revenues both showing strong growth.

 

Future Outlook

In May, the state collected $66.8 million in taxes from gambling operations. Online gaming accounted for the largest share at $37.1 million, followed by land-based casinos ($16.5 million), online sports betting ($12.7 million), and retail sports betting ($454,318).From January through May, total gambling revenue reached $2.74 billion—6.6% ahead of the same period last year. iGaming led with $1.16 billion, followed by land-based casinos ($1.12 billion) and sports betting ($460.2 million).

New Jersey’s gambling industry continues to evolve, with digital platforms showing sustained momentum even as physical casinos rebound. The strong performance across all segments in May suggests a resilient market driven by both innovation in online gaming and stable consumer demand in traditional formats. With summer tourism underway, stakeholders will be watching closely to see if June can match or exceed these gains.