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Read Full BioNew Jersey online casino revenue rose 28.5% year-over-year for May, with the state’s total May gambling revenue reported at $614.7 million.
Equating to a 20.5% year-on-year (YoY) increase from May 2024, growth was consistent across the Garden State’s retail casinos, iGaming, and sports betting divisions.
Of these, iGaming contributes more than $246.8 million to May’s totals, up 28.5% year-over-year (YoY) and a 4.9% increase from April’s $235.3 million takings. However, the majority of New Jersey’s iGaming revenue—$244.2 million—came in the form of online slots and table games, with online poker accounting for only $2.7 million.
Leading the iGaming partnerships, FanDuel and Golden Nugget Atlantic City enterprise managed to secure $54.5 million in revenue.
Meanwhile, DraftKings and Resorts Casino Hotel followed, posting $48.1 million, and BetMGM with Borgata in third, raising $32.5 million. Behind the leaders, Caesars Digital, with its combined New Jersey ventures, Caesars Palace and Tropicana Atlantic City, reported iGaming revenues for May as $18 million.
May’s figures reinforce New Jersey’s status as a leading iGaming sector and follow on the heels of its impressive 2024 record revenues.
New Jersey Sports Betting Growth Outstrips Online Casino for May
While iGaming showed significant growth, sports betting also generated an overall revenue figure of $102.5 million, surpassing May 2024’s total of $78.8 million, indicating a 30.2% year-over-year growth. Figures also show a preference for online sports betting in New Jersey, with digital wagering accounting for $98 million of last month’s revenue.
Despite March 2025 seeing New Jersey sportsbooks posting disappointing results, May’s figures show the sector has rebounded well. Here, FanDuel again topped the table with its online Meadowlands sportsbook, which raised $44.3 million, leaving DraftKings trailing in second, reporting $28.3 million for the month.
The two market leaders were followed by Fanatics ($6.2 million), Bet365 ($6.0 million), and ESPN Bet ($4.9 million).
New Jersey’s total sports wagering handle also increased by 12.4% year-over-year (YoY), reaching $1.01 billion in May. Online bets accounted for more than 95% of its May betting handle, drawing in $967.1 million, with retail betting accounting for just $43.5 million.
Retail Recaptures the Throne for May
Land-based casinos in New Jersey earned $265.3 million in May, again up from $239.3 million in May 2024, a 10.9% uptick. Of this figure, slot machines generated $194.8 million, which also rose 7.5% YoY, with card and table games bringing in $70.5 million, up over 21.9%.
In-person casino venues saw Borgata Atlantic City remain the highest-grossing casino in New Jersey, peaking at $51.1 million. Hard Rock and Ocean Casino trailed, posting $36.5 million and $30.2 million, respectively.
As a result of the marked increases in all three sectors from May 2024’s tallies, New Jersey collected $66.8 million in gambling-related taxes last month. iGaming contributed $37.1 million, while online sports betting generated $12.7 million, with an additional $454,318 coming from retail sportsbooks.
Year-to-date numbers through May 2025 showed New Jersey’s gambling revenue totaling $2.74 billion, a 6.6% increase from the same period in 2024.
iGaming leads, having recorded $1.16 billion, shading in-person casino wagering revenues of $1.12 billion and sports wagering at $460.2 million.
Overall, New Jersey’s May 2025 gambling revenue figures demonstrate that, across the board, the industry is flourishing. This is despite the ongoing threat to the Garden State’s sports betting revenues following Kalshi’s recent federal court ruling to operate in the state.
