New Jersey’s gambling industry ended 2025 with nearly $7 billion in total revenue from casinos, online platforms, and sportsbooks. December was a key month, with significant increases in internet gaming and sports wagering compared to 2024, while Atlantic City’s casino hotels had mixed results.

The New Jersey Division of Gaming Enforcement (NJDGE) reported $605.6 million in total gaming revenue for December 2025, a 15.9% rise from $522.6 million in December 2024. Throughout 2025, total revenue amounted to $6.98 billion, showing a 10.8% growth from 2024.

**Internet Platforms Thriving**

Internet gaming operators experienced notable growth during the year and in December. NJDGE noted $273.2 million in online gaming revenue for December 2025, a 19.8% increase from $228.0 million the previous year. In 2025, internet gaming generated $2.91 billion in revenue, a 22.0% enhancement from $2.39 billion in 2024.

The growth in online gaming persisted annually, and December set a record high for monthly revenue, surpassing the former peak of $260.3 million in October. Yearly online casino revenue increased from $1.37 billion in 2021 to $1.66 billion in 2022, $1.92 billion in 2023, and $2.39 billion in 2024, reaching $2.91 billion in 2025.

For the first time, annual internet gaming revenue surpassed Atlantic City’s retail casino revenue. Online platforms brought in $2.91 billion, while city casinos reported $2.82 billion. Despite trailing online channels, Atlantic City casino hotels saw yearly increases. The annual casino win for the nine properties reached $2.89 billion in 2025, a 2.7% increase from 2024, although December’s casino win fell 6.7% year over year.

**Sports Betting Gains Momentum**

According to the regulator’s press release, sports wagering contributed to the year’s growth, particularly in December. Gross sports wagering revenue for December 2025 reached $116.3 million, a sharp rise from $62.8 million in December 2024. For the year, sportsbooks generated $1.18 billion in revenue, a 7.5% increase from 2024.

The $116.3 million December figure included both online and retail betting, generated from $1.06 billion in handle, with a nearly 11% hold. For the year, sportsbooks had a total handle of $12.2 billion. Parlays significantly contributed, ending 2025 with a 19.2% hold compared to lower holds across other sports.

FanDuel led operators in December with nearly $50.2 million in revenue, a more than 69% year-over-year increase. For the full year, FanDuel recorded $470 million in revenue, a 2.3% rise from 2024. DraftKings followed with $34 million for December and $325.3 million for 2025, marking a 12.5% annual increase. BetMGM held third place with $8.3 million for December and $85.8 million for 2025, a 21.5% year-over-year rise.

**Industry Insights**

James T. Plousis, chairman of the Casino Control Commission, remarked: “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 online 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.”

Jane Bokunewicz, faculty director at Stockton University School of Business, noted that the figures reflected both strength and pressure in the sector. “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.”

• SCCG Management. The Gambling Industry’s Global Connector. Access Here.
• Source: SCCGManagement.com