New Jersey smashes iGaming revenue record in August

Revenue from iGaming in New Jersey reached an all-time monthly high of $248.4 million in August, while overall gambling revenue in the state increased year-on-year.

In total, gambling revenue in August amounted to $642.2 million, the New Jersey Division of Gaming Enforcement reported. This surpassed the previous year by 15.7% and was also 5.9% higher than July this year.

Land-based casinos remained king with the largest slice of overall revenue. However, it was iGaming that featured a record performance.

iGaming revenue nears a quarter of a billion

Revenue in the iGaming segment climbed 25.2% year-on-year in August. This monthly total exceeded the previous state record, set in July this year, by 0.4%.

Online slots accounted for $245.7 million of all revenue in the iGaming sector, an increase of 25.4% from 2024. Internet poker drew the remaining $2.6 million, up 10.2% from last year.

FanDuel and partner Golden Nugget retained top spot in the market with $57.1 million in revenue, a rise of 38.2%. DraftKings and Resorts World remained second on $47.1 million, up 9%, while BetMGM and the Borgata were third, with revenue rising 46.9% to $32.6 million.

Borgata’s own platform was next with $20.6 million, up 1.4%. Caesars Palace and Tropicana Atlantic City completed the top five with $17.1 million, an increase of 21.7%.

Sports betting revenue up 30.6%

Turning to sports betting, revenue increased 30.6% to $81.9 million. Online betting revenue was 31.5% higher at $79.3 million, while retail revenue climbed 8% to $2.6 million.

Customers spent $814.3 million wagering on sports, some 16.5% more than in August 2024. Of that handle, $778.8 million was bet online and $35.5 million at retail sportsbooks.

As such, the operators’ sports betting hold for the month stood at 10.06%.

FanDuel and Meadowlands took top spot in the online market with revenue of $31.6 million, up 30.7%. New Jersey does not reveal handle total for individual operators.

DraftKings and Resorts World were next with $27.9 million, an increase of 80.1%. BetMGM and Borgata saw revenue rise 73.2% to $7.7 million, while Bet365 and Hard Rock ranked fourth with $5.2 million, up 47%. Caesars and Tropicana rounded out the top five with $3.2 million, a rise of 24.2%.

In terms of retail operators, Meadowlands was the clear leader with $1.6 million, up 93.2%. Monmouth Park was the closest challenger with $286,316, though this was down 37.2%.

Land-based revenue tops $311.9 million in New Jersey

The other market sector, land-based casinos, saw revenue rise by 6.1% to $311.9 million. Of this, $234.3 million came from slot machines, up 5.7%, while table games revenue increased 7.1% to $77.6 million.

As for tax, the total collected by the state from gambling in August was $86.1 million. This included $49.1 million from iGaming, $16.4 million online sports betting, $204,451 retail sportsbooks and $20.4 million land-based casinos.

Total 2025 gambling revenue in the eight months to the end of August reached $4.57 billion, up 9.7% year-on-year. Of that, land-based casinos earned $1.98 billion, iGaming revenue amounted to $1.88 billion and sports betting totalled $708.7 million.