In October 2025, New Jersey’s iGaming sector achieved a historic milestone, generating $260.3 million in revenue. This impressive figure marks a notable triumph for the state’s online gambling industry, as reported by the New Jersey Division of Gaming Enforcement. This record-breaking performance contributed to a total gambling revenue of $611.1 million for the month, representing a 22.3% increase compared to October 2024, and an 8.4% rise from September 2025.
The iGaming sector remained the dominant force in New Jersey’s gambling landscape, outpacing both land-based casinos and sports betting in terms of revenue. However, the sports wagering market exhibited the most significant year-on-year growth, highlighting a dynamic shift in consumer preferences.
Delving deeper into the monthly figures, iGaming revenue climbed 21.8% from the previous year and, for the first time, exceeded the $250 million threshold. This surge surpassed the previous record of $248.8 million set in August 2025 by 4.8%. A significant portion, $257.7 million, came from online slots and table games, which saw a 22% increase from the previous year. Meanwhile, peer-to-peer internet poker also experienced growth, with its revenue rising to $2.6 million, an 11.1% increase.
Industry leaders FanDuel, in partnership with Golden Nugget, maintained their leading position in the iGaming market with $60.9 million in revenue. DraftKings, along with Resorts World, followed with $48.5 million, while BetMGM and the Borgata secured the third spot with $33.2 million.
Turning to New Jersey’s thriving sports betting sector, October 2025 saw a substantial 49.8% increase in monthly revenue, totaling $116.1 million. Of this, $110.7 million was derived from online betting, marking a 45.9% rise, while retail betting revenue soared 242.5% to $5.4 million.
Bettors in New Jersey placed wagers amounting to $1.24 billion during the month, a 10.7% increase from October 2024. This total includes $1.19 billion in online wagers and $43.8 million from retail betting. The month concluded with a statewide betting hold of 9.39%.
In terms of operator performance, FanDuel and Meadowlands continued to lead the online sports betting segment, reporting $39.9 million in revenue. DraftKings, together with Resorts World, remained in second place with $30.5 million, trailed by BetFanatics and Bally’s, which posted $11.4 million in revenue.
Retail sports betting also saw Meadowlands retaining its position as the top venue, generating $2.3 million in revenue. Borgata emerged as a strong competitor, with $1.5 million in revenue for the month. However, New Jersey does not disclose handle details for individual operators, maintaining a level of confidentiality in this area.
Meanwhile, land-based casinos contributed $234.7 million to the state’s total gambling revenue, which signifies a 12.5% increase from the previous year. This growth included $174.4 million from physical slot machines, marking a 9.1% rise. Additionally, revenue from land-based table games reached $60.3 million, up 23.5% from October 2024.
Looking at the broader picture, New Jersey’s total gambling revenue for the first ten months of 2025 reached $5.74 billion, reflecting a 10% increase year-on-year. Within this total, iGaming revenue grew by 22.6% to $2.39 billion, while sports betting revenue recorded a marginal increase of 0.2%, amounting to $914.6 million. Land-based casinos generated $2.44 billion in revenue during this period, marking a 3.4% rise compared to the previous year.
This remarkable growth in New Jersey’s gambling industry can be attributed to several factors, including advancements in technology, strategic partnerships, and a robust regulatory framework that fosters a secure and fair gaming environment. The state’s ability to adapt to changing consumer preferences has been pivotal in driving this growth.
However, some industry analysts caution that rapid growth in the iGaming sector may not be sustainable in the long term. They point out that market saturation and increased competition could pose challenges, potentially impacting revenue growth in the future. Others argue that the integration of innovative technologies, such as virtual reality and blockchain, could continue to drive industry expansion, ensuring that New Jersey maintains its position as a leader in the iGaming sector.
Despite these differing perspectives, it is clear that New Jersey’s gambling industry is poised for continued success. As the state looks ahead, stakeholders within the industry remain optimistic about the potential for further growth and development, fueled by a commitment to innovation and customer satisfaction.
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