New Jersey’s gaming revenue hit $484.8m in February 2025, with iGaming leading the charge despite land-based casino declines.
Key Takeaways:
- iGaming revenue grew 14% year-on-year, reaching $207.8m
- Land-based casino revenue fell 3.8% to $203.5m
- Sports betting revenue increased 8.9% to $73.6m
iGaming Dominates New Jersey’s Gaming Landscape
New Jersey’s gaming industry experienced a mixed performance in February 2025, with total revenue reaching $484.8m, a 5.1% increase from the previous year. The state’s Division of Gaming Enforcement report revealed a shifting landscape, where online platforms continue to gain prominence.
Online Gaming Surge
iGaming revenue soared to $207.8m, marking a 14% year-on-year increase and claiming the largest share of the state’s gaming revenue. Golden Nugget Atlantic City led the online market with $60.1m, followed by Borgata Hotel Casino & Spa at $51.5m and Resorts Casino Hotel at $48.8m.
Land-Based Casinos Face Challenges
Brick-and-mortar establishments saw a 3.8% decline in casino win, totaling $203.5m. Borgata Hotel Casino & Spa maintained its position as the highest-grossing land-based property with $49.9m, while Hard Rock Atlantic City followed at $41.9m.
Sports Betting Rebounds
Sports wagering revenue increased by 8.9% to $73.6m in February. New Meadowlands Racetrack, home to FanDuel’s retail sportsbook, led with $33.9m in revenue. Resorts Casino Hotel, hosting DraftKings and ESPN Bet, reported $21.8m, with DraftKings contributing $20.3m.
Market Trends and Future Outlook
The February results highlight the ongoing shift towards digital platforms in New Jersey’s gaming sector. While land-based revenues face pressure, the growth in online gaming and sports betting continues to drive overall market expansion.
Year-to-date gaming revenue surpassed $1bn, indicating a stable growth trajectory. However, the industry faces challenges, including fluctuating sports betting performance and the need to balance traditional casino operations with online growth.
As the market evolves, regulatory discussions are likely to focus on maintaining a healthy ecosystem that supports both digital innovation and brick-and-mortar investments. The future of New Jersey’s gaming industry will depend on adapting to changing consumer preferences while navigating competitive pressures from neighboring states.
With iGaming now representing the largest revenue segment, operators and regulators must continue to innovate and adapt to ensure the long-term sustainability of New Jersey’s diverse gaming market.
