New Jersey Gambling Revenue Climbs to $606M in July

Atlantic City, N.J. — Gambling revenue in New Jersey rose 10.7% year-on-year in July, reaching $606.2 million, according to figures released by the Division of Gaming Enforcement (DGE). The increase came despite a slowdown in the state’s sports betting sector, with gains in online gaming and traditional casino operations offsetting the decline.

The total was also 4.2% higher than in June, signaling continued momentum in one of the country’s most established gambling markets.

 

Key Points

• New Jersey gambling revenue rose 10.7% year-on-year in July to $606.2 million, led by record iGaming results.

• Sports betting revenue fell 6.6%, with retail sportsbooks posting a rare net loss despite a higher betting handle.

• Land-based casino revenue grew 4.3%, while total year-to-date revenue reached $3.92 billion, up 8.8% from 2024.

 

iGaming Drives Growth

Internet gambling remained the key driver, generating $247.3 million in July, up 26.6% from a year earlier. Online casino games accounted for nearly all of that total at $244.6 million, while internet poker contributed $2.7 million, a 3.2% increase.

FanDuel and Golden Nugget led the digital segment with $52.1 million in revenue, a 37.8% gain. DraftKings and Resorts World followed with $48.6 million, up 16.8%. BetMGM and Borgata posted $31.4 million, a 24.3% rise, while Borgata’s own platform added $20 million, up 6.4%. Caesars Palace and Tropicana Atlantic City rounded out the top five with $18.7 million, up more than 53%. Sports wagering, by contrast, posted a 6.6% decline in revenue, falling to $74.8 million. Online sports betting revenue dropped 3.2% to $75.4 million, while retail sportsbooks recorded a rare net loss of $680,018 compared to $2.1 million in profit in July 2024.

Total betting handle edged up 1.8% to $664 million, with online wagers making up $630.9 million of that figure. Retail betting accounted for $33.1 million. Operators held 11.27% of the money wagered. FanDuel and Meadowlands continued to dominate the online market but saw revenue fall 15.7% to $26.9 million. DraftKings and Resorts World followed with $21.1 million, down 18.8%. BetFanatics and Bally’s emerged as the biggest mover, up 200.2% to $8 million. Borgata and BetMGM climbed 21.5% to $6.4 million, while Bet365 and Hard Rock rose 45.4% to $4.4 million.

Retail sports betting revenue at racetracks dropped 63.5% to $434,608, with Meadowlands bringing in $320,610, down 54%. Casino-based retail sportsbooks, however, posted a $1.1 million loss, pulling the overall retail figure into negative territory. Land-based casino revenue grew modestly, up 4.3% year-on-year to $284.1 million. Slots contributed $212.9 million, a 2.7% increase, while table games rose 9.7% to $71.3 million.

The state collected $81.7 million in gambling-related taxes in July. iGaming generated the largest share at $48.9 million, followed by $17.9 million from casinos and $14.9 million from sports betting. Retail betting contributed just $86,248. For the first seven months of 2025, New Jersey gambling revenue totaled $3.92 billion, an 8.8% increase from the same period in 2024. Online gambling was up 23.3% to $1.63 billion, while casino revenue rose 2.2% to $1.66 billion. Sports betting was the only segment to decline, down 4% to $626.8 million.

 

The July figures highlight how online gambling continues to drive New Jersey’s growth, even as traditional sports betting shows signs of volatility.

 

Market Outlook

The July results underscore the shifting dynamics of New Jersey’s gambling industry, where iGaming continues to expand its share of the market while traditional sports betting faces volatility. With retail sportsbooks underperforming, the sector’s growth is increasingly reliant on digital platforms and stable casino operations.