New Jersey’s gambling revenue continues to grow, with online gaming hitting new highs—even as sports betting and land-based casinos face declines.
Igaming Leads the Way
In March, New Jersey set a new igaming revenue record, reaching $243.9 million. This marks a 23.7% increase compared to the same month last year. Most of this came from online slots and other games, contributing $241.3 million, while online poker brought in $2.6 million—a solid 8.9% increase.
FanDuel and Golden Nugget Atlantic City led the pack with $52.3 million, up 25.7%. Close behind were DraftKings and Resorts Casino Hotel, pulling in $49.6 million, a 20.3% rise. BetMGM and Borgata followed at $31.6 million, and Caesars and Tropicana rounded out the top five with $15.7 million.
Sports Betting Struggles
Sports betting, however, saw a significant drop. March revenue totaled $71.3 million, down 20.5% year-on-year and slightly below February’s figure. Online betting contributed $68.0 million, while retail sportsbooks added just $3.3 million.
Total handle also declined to $1.11 billion, a 23.5% decrease from last year. FanDuel and Meadowlands remained on top with $23.4 million in revenue—though this was 13.4% lower than March 2024. DraftKings and Resorts gained ground with $19.9 million, up 13.4%.
Casino Revenue Slides
Land-based casinos brought in $230.9 million, a 3.7% decrease from March last year. Slot revenue stayed relatively flat at $173.6 million, rising only 0.5%, while table games dropped 14.6% to $57.3 million.
Borgata led with $58.4 million, followed by Hard Rock at $44.5 million and Ocean Casino with $34.7 million.
Total Revenue and Tax Contributions
Altogether, New Jersey’s gambling revenue reached $546.1 million, up 3.7% year-on-year and 12.6% from February. Tax revenue for March totaled $59.8 million, with igaming making up the largest share at $36.5 million.
