Land-Based Casinos Lead New Jersey’s Gambling Revenue

New Jersey’s gambling industry posted an 18.4% year-on-year revenue increase in June, with total earnings reaching $581.6 million. While online gaming and sports betting showed the most significant growth, land-based casinos continued to generate the highest revenue share, underscoring their enduring role in the state’s gambling economy.

Data released by the New Jersey Division of Gaming Enforcement showed increases across all three major segments: land-based casinos, iGaming, and sports betting. However, the June total marked a 5.4% drop compared to May’s $614.7 million, indicating a short-term contraction despite overall upward trends.

 

iGaming and Sports Betting Fuel Growth

iGaming revenue rose to $230.7 million, a 23.5% year-over-year increase. Online slots contributed the vast majority, generating $228 million, while internet poker brought in $2.7 million. Despite this growth, June’s iGaming revenue fell short of May’s record $246.8 million.

FanDuel, in partnership with Golden Nugget Atlantic City, led the iGaming market with $53.3 million in revenue. DraftKings and Resorts Casino Hotel followed with $43.6 million, while BetMGM and Borgata ranked third at $30.2 million. Other notable platforms included Borgata’s own at $20 million, and Caesars Palace and Tropicana Atlantic City, which reported a combined $16.9 million.

In the sports betting sector, revenue surged 52.9% year-over-year to $91.9 million. The majority—$91.2 million—came from online betting, while retail sportsbooks contributed just $612,656. Total betting handle for the month reached $790.4 million, up 5.6% from June 2024. The online handle accounted for $755 million, compared to $35.4 million for retail.

FanDuel and Meadowlands Racetrack maintained their dominant position in the sports betting market with $35.8 million in online revenue. DraftKings and Resorts remained second at $24.2 million, while BetFanatics and Bally’s followed at $12 million. Bet365 and Hard Rock ($5.9 million) and ESPN Bet with Resorts ($4.8 million) rounded out the top five.

 

 

Land-Based Casinos Still Lead in Revenue

Despite slower growth compared to digital platforms, land-based casinos remained the highest-grossing segment. They brought in $259 million in June—up 6.1% year-on-year. Slot machines accounted for $182.8 million, while table games contributed $76.2 million.

The land-based sector’s steady performance suggests ongoing consumer demand for in-person gaming experiences, even as online options continue to expand. June’s gambling activity generated $62.8 million in tax revenue for New Jersey. iGaming contributed $34.5 million, while land-based casinos provided $16.2 million. Online sports betting added $11.9 million, and retail sportsbooks contributed $97,293.

For the first half of 2025, New Jersey’s total gambling revenue reached $3.12 billion—an 8.5% increase from the same period in 2024. This includes $1.39 billion from iGaming, $1.38 billion from land-based casinos, and $552 million from sports betting. Total gambling-related tax revenue for the six-month period stood at $364.4 million.

 

Despite rapid growth in online betting and iGaming, New Jersey’s land-based casinos continue to anchor the state's gambling revenue.

 

Outlook

While online segments continue to expand rapidly, the consistent performance of physical casinos highlights a balanced gambling landscape in New Jersey. The data suggests that brick-and-mortar venues still hold a central place, even as digital platforms reshape the state's gaming economy. How long that balance holds may depend on future shifts in consumer preferences and regulatory developments.