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December was a boon for New Jersey sports betting operators. Gross revenue from sports wagering was $116.3 million, an increase of 85% from the same month a year ago.
In 2025, sportsbooks in the Garden Sate raked in $1.18 billion in gross revenue, up from $1.09 billion in 2024, a 7.5% increase, according to the New Jersey Division of Gaming Enforcement.
The state took in $197.5 million last year.
NJ collects over $20M in December
Once again the top dog in New Jersey last month was FanDuel Sportsbook, with a little more than $50 million in gross revenue from sports wagering. That represents a nearly 70% increase over December 2024.
The top three operators last month based on gross revenue:
- FanDuel Sportsbook: $50.2 million
- DraftKings Sportsbook: $34.0 million
- BetMGM Sportsbook: $8.3 million
All but $1.1 million of the revenue in December was generated by online operators. With a 19.75% tax rate on online sports wagering, sportsbooks paid $22.8 million to the state in December.
Has FanDuel Sportsbook hit its ceiling in NJ?
The New Jersey Division of Gaming Enforcement reported that $12.2 billion was wagered on sports in 2025.
FanDuel Sportsbook was far and away the leader in 2025 with $474 million gross wagering revenue. It was followed by DraftKings Sportsbook with $326 million last year. Far back in third was BetMGM Sportsbook with $86 million.
The chasers saw larger growth in 2025 than the chased. DraftKings’ revenue rose by 12.5% and BetMGM’s grew by 22%. FanDuel’s gross revenue was up just 2.3% year-over-year.
