New Jersey Sets $260 Million iGaming Record in October

• Total gambling revenue in New Jersey hit $611.1 million in October, a 22.3% year-on-year increase.
• iGaming set an all-time record, clearing $250 million for the first time with $260.3 million in revenue, up 21.8%.
• Sports betting reported the largest year-on-year growth, surging 49.8% to reach $116.1 million.
• Land-based casino revenue also saw double-digit growth, rising 12.5% to $234.7 million.
• Year-to-date, total New Jersey gambling revenue for 2025 stands at $5.74 billion, a 10% increase over the prior year.

iGaming Breaks All-Time Revenue Record

The New Jersey Division of Gaming Enforcement has reported that the state’s iGaming operators achieved an all-time revenue record in October, driving the state’s overall gambling market to significant year-on-year growth.

Total gambling revenue for the month amounted to $611.1 million, marking a 22.3% increase compared to October 2024. iGaming was the single largest revenue source, ahead of both land-based casinos and sports betting.

iGaming revenue for the month reached $260.3 million, up 21.8% from last year and surpassing the prior state record of $248.8 million set in August by 4.8%. The vast majority of this came from online slots and table games ($257.7 million), which grew 22%. Peer-to-peer internet poker revenue also increased by 11.1% to $2.6 million.

FanDuel and partner Golden Nugget remained the market leaders with $60.9 million in revenue, followed by DraftKings and Resorts World at $48.5 million. BetMGM and the Borgata took third place with $33.2 million.

Sports Betting Surges 49.8% to $116.1 Million

While iGaming accounted for the largest volume of revenue, the sports wagering market reported the largest year-on-year growth, surging 49.8% to $116.1 million.

This growth was predominantly driven by the online segment, which contributed $110.7 million (up 45.9%). Retail sports betting saw a massive proportional increase of 242.5% to $5.4 million. The state’s total handle (customer spending) for the month was $1.24 billion, a 10.7% increase from October 2024, resulting in a statewide betting hold of 9.39%.

FanDuel and Meadowlands once again led the online sector with $39.9 million in revenue, trailed by DraftKings and Resorts World at $30.5 million. BetFanatics and Bally’s took third place with $11.4 million.

Double-Digit Land-Based Casino Growth

The land-based casino sector generated the remaining $234.7 million in revenue, representing a solid 12.5% increase from the prior year.

This land-based total included $174.4 million from physical slot machines (up 9.1%) and $60.3 million from land-based table games (up 23.5%). The strong performance suggests the Atlantic City market continues to thrive, with in-person revenue hitting its best October mark since 2011.

For the year-to-date, total gambling revenue for the first 10 months of 2025 reached $5.74 billion, a 10% increase year-on-year. iGaming revenue stands at $2.39 billion (up 22.6%), leading both land-based casino revenue ($2.44 billion, up 3.4%) and sports betting revenue ($914.6 million, up 0.2%).

Expert Analysis: New Jersey’s Unbeatable Trifecta

New Jersey’s October results demonstrate the unparalleled maturity and strategic balance of its gambling market. Posting 22.3% year-on-year growth across all three core segments-iGaming, sports betting, and land-based casinos-is almost unprecedented in the US market.

The central takeaway is that New Jersey has perfected the symbiotic model. iGaming’s record $260.3 million is staggering, but it relies on partnerships with the successful Atlantic City casinos. The growth in land-based table games (up 23.5%) is a sign that the physical casinos are successfully leveraging their online partners’ customer base, defying the notion that digital cannibalises retail.

Crucially, the sports betting sector’s 49.8% revenue surge, combined with the fact that its handle is the largest in the US outside of New York, confirms New Jersey‘s established position as a national gambling hub. The state has successfully moved past the challenges of new market entrants and higher tax rates, proving that a competitive, early-mover market built on strong regulation can generate sustained, massive returns for both operators and the state.