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Sportsbooks in New Jersey must be ecstatic over revenue gains in October. Operators enjoyed a 49.8% year-over-increase last month.
Helped by interest in college and pro football, NJ sportsbooks reported $116.1 million in gross revenue in October, which brings the 2025 total close to $1 billion, at $914.6 million.
NJ Sports betting is now slightly ahead of 2024, which was at $912.8 million through 10 months last year.
Big 2 rule the market in October
The two top online sportsbooks in New Jersey continued to dominate the market in October. FanDuel Sportsbook was No. 1 with nearly $40 million, or roughly 34% of the NJ sports betting market. DraftKings Sportsbook followed with $33.2 million in gross revenue, an increase of more than $7 million over September.
- FanDuel Sportsbook (New Meadowlands): $39.8 million
- DraftKings Sportsbook (Resorts Casino): $33.2 million
- Bally Bet Sportsbook (Bally’s Atlantic City): $11.8 million
- BetMGM Sportsbook (Borgata): $10.9 million
- Hard Rock Bet Sportsbook (Hard Rock Casino): $9.1 million
- Caesars Sportsbook (multiple partners): $3.8 million
- BetRivers Sportsbook (Monmouth): $1.2 million
- PlayStar Sportsbook (Ocean Casino Resort): $535,039
Three NJ sportsbooks continued to jostle for the third spot in the state: BetMGM Sportsbook, Hard Rock Bet Sportsbook, and the surprising Bally Bet Sportsbook, which performs consistently stronger in the Garden State than anywhere else in the US.
FanDuel enjoys big lead in NJ
FanDuel leads all NJ sportsbooks with $358.4 million in gross revenue so far in 2025, with DraftKings well behind at $279.5 million.
DraftKings, however, will almost certainly eclipse the revenue figure it recorded in 2024, $297.8 million. Surprisingly, FanDuel lags nearly $190 million behind its revenue total from last year through 10 months, which was a record $547.9 million.
The state received slightly more than $23 million in tax revenue from online and retail sports betting in October. Online gaming operators pay a 19.75% tax on gross revenue in New Jersey. Sportsbooks cannot deduct losses or expenditures from their tax bill.
October sports betting revenue was roughly $27 million more than in September ($89.8 million).
