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The gambling industry produced nearly $7 billion in revenue during the 2025 calendar year, the New Jersey Division of Gaming Enforcement reported on Friday.
New Jersey online casinos and Atlantic City casinos carried the torch for much of the year. Online platforms generated a record of $273.2 million in December while the retail industry tallied $216.1 million last month.
New Jersey sportsbooks took a backseat, recording $116.3 million in December earnings.
Both the iGaming and retail verticals displayed jumps in 2025 compared to 2024, which contributed to the state churning out $6.98 billion in revenue last year.
New record for iGaming operators
Online operators left 2025 with a bang, delivering $273.2 million in revenue, which is an all-time high. It shattered the previous record of $260.3 million set in October.
The industry set another high for New Jersey online casino revenue in 2025, recording $2.91 billion. It’s a 22% increase over the $2.39 billion in 2024.
The industry has continued to grow over the last several years:
- 2021: $1.37 billion
- 2022: $1.66 billion
- 2023: $1.92 billion
- 2024: $2.39 billion
- 2025: $2.91 billion
As the entire gambling as whole came close to achieving $7 billion in yearly revenue, NJ iGaming came close to crossing $3 billion.
New Jersey December 2025 online casino revenue
| Online Casino | Total Revenue | Slots & Tables | Poker |
|---|---|---|---|
| FanDuel | $61,912,875 | $61,912,875 | $— |
| DraftKings | $52,218,904 | $52,215,747 | $3,157 |
| BetMGM | $36,959,858 | $36,442,245 | $517,613 |
| Borgata | $23,042,709 | $22,615,869 | $426,840 |
| Caesars Palace | $18,588,289 | $18,588,289 | $— |
| Hard Rock Bet | $17,374,391 | $17,374,391 | $— |
| Fanatics | $12,823,188 | $12,823,188 | $— |
| BetRivers | $9,551,040 | $9,551,040 | $— |
| Golden Nugget | $8,019,179 | $8,019,179 | $— |
| Bally | $5,046,186 | $5,046,186 | $— |
| Bet365 | $3,046,127 | $3,046,127 | $— |
| theScore Bet | $2,775,877 | $2,775,877 | $— |
| PlayStar | $2,647,319 | $2,647,319 | $— |
| Parx | $2,375,279 | $2,375,279 | $— |
| Tropicana | $2,306,859 | $2,306,859 | $— |
| Ocean | $1,968,953 | $1,968,953 | $— |
| Resorts | $1,926,188 | $1,926,188 | $— |
| PartyPoker | $1,827,155 | $1,685,918 | $141,237 |
| Pala/Stardust | $1,699,390 | $1,699,390 | $— |
| Mohegan Sun | $1,559,474 | $1,559,474 | $— |
| Jackpocket | $1,275,347 | $1,275,347 | $— |
| Monopoly | $1,214,256 | $1,214,256 | $— |
| PokerStars | $1,096,273 | $577,160 | $519,113 |
| WSOP | $932,905 | $292,378 | $640,527 |
| Wheel of Fortune | $771,856 | $771,856 | $— |
| Harrah’s | $218,695 | $218,695 | $— |
| Total | $273,178,572 | $270,930,085 | $2,248,487 |
Online outduels retail
For the first time ever, the iGaming sector outperformed retail casinos in Atlantic City. Online produced $2.91 billion compared to the retail output of $2.82 billion.
Atlantic City properties displayed a 6.7% year-over-year drop in December. However, it did increase its yearly revenue by 2.7%.
It’s clear iGaming has taken over as the preferred method of gambling in New Jersey. At the same time, Atlantic City properties were still able to hold their own.
James T. Plousis, chairman of the Casino Control Commission, shared that sentiment.
“Internet gaming win set a monthly record in December and, for the first time, annual internet gaming win exceeded in-person casino win. Atlantic City’s annual casino win grew 2.7% compared to 2024, achieving its best result since 2012 – demonstrating that in-person and on-line gaming can succeed together.
“A successful gaming industry benefits all of New Jersey. It has sparked investment in Atlantic City’s convention, tourism, and entertainment centers, creating jobs and producing new economic activity across South Jersey. Statewide, gaming-funded contributions to programs that benefit seniors and disabled residents topped $800 million in 2025 – an increase of 33% compared to 2024 – and total annual gaming taxes topped $1 billion.”
Should Atlantic City be concerned?
It might be true that properties are holding their own. Plousis even mentioned that Atlantic City had its best performance since 2012.
However, a clearer picture of the market is going to seen in the spring, according to Jane Bokunewicz, faculty director at Stockton University School of Business.
“News from Atlantic City’s casino operators continues to be bittersweet as record year-end total gross gaming and near-term record annual brick-and-mortar gaming revenues mask other market challenges.
“Operators continue to struggle with increased labor costs and increases in the cost of goods and services. These and other factors will likely draw net revenue and gross operating profits down.
“We will not get a full picture of the industry’s 2025 performance until net revenues and gross operating profits are reported later this spring.”
Despite concerns for retail, the gambling industry in New Jersey as a whole is still growing at a rapid pace. There doesn’t appear to be any signs of slowing either, which is why the market could easily clear $7 billion in revenue in 2026.
