New Jersey Breaks iGaming Revenue Record in August – Finance
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New Jersey Breaks iGaming Revenue Record in August – Finance

New Jersey Sets a New Standard with $248.4 Million in Online Casino Revenue

In a groundbreaking achievement, New Jersey’s online casinos have generated a remarkable $248.4 million in August, marking a new high for the state that pioneered iGaming.

This milestone is part of a broader trend, as overall gambling earnings within New Jersey climbed to $642.2 million for the month, according to reports from the New Jersey Division of Gaming Enforcement. This figure reflects a robust year-on-year increase of 15.7%, and it also surpasses July’s revenue by 5.9%.

While traditional land-based casinos continued to dominate in overall earnings, the online gaming sector distinguished itself with a record-setting performance.

iGaming Revenue Surges to New Heights

The iGaming segment experienced a year-on-year growth of 25.2% in August, surpassing the previous monthly record set just the month before by a narrow margin of 0.4%.

A significant portion of this revenue, $245.7 million, came from online slot machines, reflecting a 25.4% rise compared to 2024. Meanwhile, internet poker generated $2.6 million, marking a 10.2% increase from the preceding year.

FanDuel, in collaboration with Golden Nugget, emerged as the market leader, bringing in $57.1 million—a substantial 38.2% increase. DraftKings and Resorts World followed closely with $47.1 million, marking a 9% growth. BetMGM and Borgata secured the third position with a 46.9% increase, totaling $32.6 million. Other notable performances included Borgata’s own platform with $20.6 million and Caesars Palace alongside Tropicana Atlantic City with $17.1 million, both demonstrating sound growth.

Surge in Sports Betting Revenue

The sports betting landscape also saw significant growth, with a 30.6% increase in revenue, reaching $81.9 million. Online betting alone rose by 31.5% to $79.3 million, while retail operations saw a modest increase of 8%, resulting in $2.6 million.

In total, customers wagered $814.3 million on sports in August, a 16.5% uptick from the same month last year. Of this total, online wagers accounted for $778.8 million while retail sportsbooks collected $35.5 million.

The sports betting sector’s hold for the month stood at 10.06%. FanDuel and Meadowlands topped the online charts with $31.6 million—up 30.7%—while DraftKings and Resorts World reported a remarkable 80.1% increase, totaling $27.9 million. BetMGM and Borgata followed closely with a 73.2% rise to $7.7 million.

In the retail segment, Meadowlands reported strong revenue of $1.6 million, representing an impressive 93.2% increase. Monmouth Park, although trailing, managed to bring in $286,316, although this reflected a decrease of 37.2%.

Growth in Land-Based Casino Revenue

Land-based casinos in New Jersey also experienced a resurgence, with revenue climbing 6.1% to $311.9 million. This included $234.3 million from slot machines—up 5.7%—while table games revenue increased by 7.1% to $77.6 million.

For August alone, the state of New Jersey collected $86.1 million in taxes from the gambling sector. This total comprised $49.1 million from iGaming, $16.4 million from online sports betting, and additional contributions from retail sportsbooks and land-based casinos.

As of August 2025, total gambling revenue in New Jersey soared to $4.57 billion for the year, an increase of 9.7% compared to the previous year. This impressive total includes $1.98 billion from land-based casinos, $1.88 billion from iGaming, and $708.7 million from sports betting.

In summary, New Jersey continues to lead the way in the world of online gaming and sports betting, demonstrating not just resilience but also rapid growth in these sectors.

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