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New Jersey iGaming operators produced $253.0 million in November revenue, reported the New Jersey Division of Gaming Enforcement on Tuesday.
New Jersey online casinos fell from their record-setting month in October, displaying a 2.9% month-over-month decrease. Revenue did increase year-over-year by 21.6%.
The industry taking a step back after a record month isn’t surprising. Operators will be looking to rebound in the final month of 2025.
Minimal drop for market leader
FanDuel Casino is showing how strong of an operator it is in the Garden State. Despite a slight fall-off as a whole, the operator did remain mainly flat.
FanDuel still produced more than $60 million in revenue ($60.2 million to be exact). In a record-setting month in October, the operator generated $60.8 million in revenue.
It goes to show that FanDuel produces a consistent product and can be just as productive whether the market breaks a record or takes a step back.
FanDuel finished well above DraftKings Casino, which recorded $49.6 million in revenue last month.
Fanatics takes a hard dip
Fanatics Casino has endured a roller-coaster ride for most of 2025. The operator has displayed some impressive totals coupled with disappointing months.
After a record high in October, Fanatics tumbled once again, posting just $8.2 million in November. Here are the operator’s totals over the last several month:
- April: $7.4 million
- May: $6.2 million
- June: $3.6 million
- July: $12.4 million
- August: $10 million
- September: $5.1 million
- October: $13 million
- November: $8.2 million
Over the last six months, Fanatics has been up and down. Based on the trend, the operator is likely to have a better month in December.
iGaming total still ahead of 2024
Despite the drop off in November, the industry is well ahead of last year.
New Jersey online casino revenue has reached $2.64 billion through November, which is a 22.2% increase from this point last year.
It remains to be seen whether or not growth in the industry is starting to slow. December will be a good litmus test for operators.
November 2025 NJ online casino revenue
| Online Casino | Total Revenue | Slots & Tables | Poker |
|---|---|---|---|
| FanDuel | $60,241,764 | $60,241,764 | $--- |
| DraftKings | $49,602,541 | $49,599,417 | $3,124 |
| BetMGM | $30,629,734 | $30,132,812 | $496,922 |
| Borgata | $20,596,464 | $20,213,037 | $383,427 |
| Caesars Palace | $19,335,253 | $19,335,253 | $--- |
| Hard Rock Bet | $13,380,062 | $13,380,062 | $--- |
| Golden Nugget | $9,664,684 | $9,664,684 | $--- |
| Fanatics | $8,233,579 | $8,233,579 | $--- |
| BetRivers | $8,094,540 | $8,094,540 | $--- |
| Bally | $5,141,268 | $5,141,268 | $--- |
| ESPN Bet | $4,255,077 | $4,255,077 | $--- |
| PlayStar | $2,824,828 | $2,824,828 | $--- |
| Bet365 | $2,604,696 | $2,604,696 | $--- |
| Parx | $2,385,084 | $2,385,084 | $--- |
| Tropicana | $2,270,500 | $2,270,500 | $--- |
| Resorts | $2,051,268 | $2,051,268 | $--- |
| Ocean | $1,932,416 | $1,932,416 | $--- |
| Mohegan Sun | $1,446,770 | $1,446,770 | $--- |
| Pala/Stardust | $1,426,904 | $1,426,904 | $--- |
| PartyPoker | $1,375,680 | $1,215,727 | $ |
| WSOP | $1,069,043 | $349,504 | $719,539 |
| Jackpocket | $1,048,754 | $1,048,754 | $--- |
| PokerStars | $998,096 | $522,749 | $475,347 |
| Monopoly | $977,206 | $977,206 | $--- |
| Wheel of Fortune | $814,800 | $814,800 | $--- |
| Harrah's | $645,721 | $645,721 | $--- |
| Total | $$253,046,732 | $250,808,420 | $2,078,359 |
