New Jersey Gambling Revenue Rises 14.2 Percent in November

New Jersey’s regulated gambling market recorded another month of solid growth in November, with total revenue reaching $636.2 million, according to figures released by the New Jersey Division of Gaming Enforcement. The result represented a 14.2% increase compared with November last year and a 4.1% rise from October’s $611.1 million, reflecting continued momentum across all major gambling verticals in the state.

Growth was evident in iGaming, sports betting, and land-based casinos, though online channels once again accounted for the largest share of year-on-year gains. As in October, the strongest performance came from iGaming and online sports betting, highlighting the ongoing structural shift in New Jersey’s gambling market toward digital platforms.

 

iGaming Revenue Remains Near Record Highs

iGaming revenue totaled $253 million in November, marking an 18.2% increase from the same month in 2024. While the figure fell slightly short of October’s record-setting $260.3 million, it still represented one of the strongest monthly performances on record for the sector, underlining its role as the primary growth engine in the state. Slots and table games accounted for the vast majority of iGaming revenue, generating $250.8 million for the month. That total was up 18.5% year on year, reflecting sustained player demand for online casino products. In contrast, internet poker continued to lag behind other online offerings, with revenue declining 4.6% to $2.2 million, extending a longer-term trend of softer performance in that segment.

FanDuel, operating in partnership with Golden Nugget, maintained its leading position in the iGaming market, reporting $60.2 million in revenue for November. DraftKings and Resorts World followed in second place with $49.6 million, while BetMGM and Borgata ranked third with $30.6 million. The gap between the leading operators and the rest of the field remained significant, underscoring ongoing market concentration at the top end of the sector. Sports Betting Revenue Up Sharply Despite Retail Weaknes. Sports betting revenue rose 23% year on year in November to $146.3 million, representing a notable acceleration from October and a 26% month-on-month increase. Despite the strong performance, revenue remained below the all-time monthly high of $170.8 million, which was set in January 2024 during the peak of the NFL postseason betting period.

Online sports betting continued to dominate the market, generating $142.5 million in revenue, up 24% compared with last year. Retail sports betting, however, moved in the opposite direction, with revenue declining 6% to $3.9 million. The drop in retail activity partially offset online gains and reinforced the long-term trend of declining in-person sports wagering across the state.

Total sports betting handle reached $1.28 billion in November, an increase of 4.9% year on year and 3.2% higher than October. Of that total, $1.22 billion was wagered online, while $60.5 million came from retail sportsbooks. The statewide hold rate for the month stood at 11.41%, contributing to the strong revenue outcome despite more modest growth in total wagering volume. In terms of operator performance, Meadowlands and FanDuel led the online sports betting market with $61.5 million in revenue. DraftKings and Resorts World followed with $38.3 million, while BetFanatics and Bally’s reported $11.1 million. In the retail segment, Hard Rock posted the highest revenue at $1.6 million, ahead of Meadowlands at $1.1 million and Borgata at $411,859.

Revenue from New Jersey’s land-based casinos totaled $236.8 million in November, representing a 5.7% increase compared with the same month last year and a modest 0.9% rise from October. While growth in this segment remained slower than in online gambling, the results indicated a stable performance for Atlantic City casinos amid broader market changes. Slot machine revenue increased 1.3% year on year to $169.8 million, reflecting relatively flat growth in that category. Table games delivered stronger results, with revenue rising 19.1% to $67 million, suggesting improved demand for higher-margin casino offerings during the month.

 

November’s results underline the continued shift in New Jersey’s gambling market toward online channels, with iGaming and digital sports betting accounting for the majority of revenue growth while land-based casinos posted more moderate gains.

Year-to-Date Figures Highlight Digital Shift

At the end of November, total year-to-date gambling revenue in New Jersey stood at $6.38 billion, a 10.4% increase compared with the same point in 2024. The data highlights the widening performance gap between digital and land-based gambling channels. iGaming revenue for the year to date reached $2.64 billion, up 22.2%, continuing to outpace all other segments. Sports betting revenue increased 2.8% to $1.06 billion, while land-based casino revenue rose 3.6% to $2.68 billion. Together, the figures reinforce the state’s position as one of the most mature and digitally driven gambling markets in the United States.