New Jersey iGaming Revenue Hits Record $248.4 Million in August

New Jersey’s online casino industry set a new revenue record in August, underscoring the state’s role as the first U.S. jurisdiction to legalize iGaming and its continued growth more than a decade later. The strong performance shows how digital gaming has become a central driver of gambling activity in the state, competing closely with land-based casinos that once dominated the market. The state’s online casino operators generated $248.4 million last month, according to figures released by the New Jersey Division of Gaming Enforcement. That performance edged past the previous monthly high, set in July, by 0.4% and marked a 25.2% increase compared to August 2024. The growth confirms a steady upward trend in digital wagering, which continues to attract a larger share of total gambling spend each year.

Overall gambling revenue across New Jersey reached $642.2 million in August, up 15.7% year-on-year and 5.9% higher than July. While land-based casinos contributed the largest share at $311.9 million, iGaming was the standout, approaching a quarter of a billion dollars for the first time. Industry observers say this balance highlights how New Jersey’s gambling market has diversified, with both physical and digital channels now providing consistent growth.

 

Category	Revenue (Aug 2025)	Year-on-Year Change
Total Gambling Revenue	$642.2M	+15.7%
iGaming	$248.4M	+25.2%
Sports Betting	$81.9M	+30.6%
Land-Based Casinos	$311.9M	+6.1%

 

Online Casino Growth Outpaces Market

The online casino segment continued to expand at a faster rate than other verticals, reflecting consumer demand for digital-first entertainment options. Online slots accounted for $245.7 million of the iGaming total, up 25.4% from the prior year, while online poker revenue rose 10.2% to $2.6 million. Although poker remains a much smaller slice of the market, its growth indicates stable interest in peer-to-peer play.

FanDuel, in partnership with Golden Nugget, led the market with $57.1 million in revenue, a 38.2% increase year-on-year. DraftKings and Resorts World held second place at $47.1 million, up 9%. BetMGM and Borgata followed with $32.6 million, a 46.9% jump. Borgata’s own platform generated $20.6 million, a modest 1.4% gain, showing slower growth than some rivals. Caesars Palace and Tropicana Atlantic City rounded out the top five with $17.1 million, up 21.7%. Together, these operators account for the bulk of the state’s digital casino revenue, shaping competition in one of the most developed iGaming markets in the country.

Sports wagering also posted strong results in August. Revenue climbed 30.6% to $81.9 million, with online betting accounting for nearly all of that total at $79.3 million. Retail sportsbooks added $2.6 million, up 8%. The sharp growth reflects the seasonal buildup to major sports events and the increasing comfort of bettors with mobile platforms. Total handle reached $814.3 million, a 16.5% rise from August 2024. Online betting comprised $778.8 million, while retail wagers stood at $35.5 million. The hold percentage for operators came in at 10.06%, considered a favorable level of profitability across the industry. This suggests operators not only benefited from increased wagering but also managed margins effectively.

Among operators, FanDuel and Meadowlands led the online market with $31.6 million, up 30.7%. DraftKings and Resorts World followed with $27.9 million, an 80.1% increase year-on-year. BetMGM and Borgata earned $7.7 million, up 73.2%, while Bet365 and Hard Rock reported $5.2 million, a 47% gain. Caesars and Tropicana closed the top five with $3.2 million, up 24.2%. The results show an increasingly competitive field, with large year-on-year swings reflecting shifting customer loyalty and promotional strategies.

On the retail side, Meadowlands generated $1.6 million, up 93.2%, while Monmouth Park was second with $286,316, down 37.2%. Although retail venues remain a smaller component of the sports betting landscape, strong growth at Meadowlands underscores the importance of location and brand partnerships in attracting on-site wagering. Brick-and-mortar casinos continued to provide the largest single revenue stream. The sector brought in $311.9 million, a 6.1% increase over last year. Slot machines contributed $234.3 million, up 5.7%, while table games delivered $77.6 million, up 7.1%. These gains highlight that Atlantic City’s physical casino industry remains resilient, even as digital options expand. For operators, maintaining growth in both channels is increasingly seen as key to long-term stability.

 

iGaming has become a core revenue driver in New Jersey, with online casinos now rivaling the performance of Atlantic City’s brick-and-mortar properties.

 

Tax Revenue and Year-to-Date Totals

Gambling activity in August generated $86.1 million in tax revenue for New Jersey. The state collected $49.1 million from iGaming, $16.4 million from online sports betting, $204,451 from retail sportsbooks, and $20.4 million from land-based casinos. The figures highlight how digital wagering is now a major source of tax income, reducing the state’s reliance on land-based casinos for fiscal contributions.

Through the first eight months of 2025, total gambling revenue reached $4.57 billion, a 9.7% increase compared to the same period in 2024. Land-based casinos accounted for $1.98 billion, online casinos $1.88 billion, and sports betting $708.7 million. The data shows that New Jersey’s gambling sector remains on track for another record year, with digital growth playing a central role in reshaping the state’s revenue base.