New Jersey’s online gambling market broke yet another record in August, with internet casino revenue reaching $248.4 million — a 25.2% jump from the same month last year. This figure edged past July’s previous high and pushed the state’s year-to-date iGaming total to $1.88 billion, up 23.5% compared to 2024.
Leading the online charge were FanDuel with $57.1 million (up 38.2%), DraftKings at $47.1 million, and BetMGM with $32.6 million. Together, these three platforms accounted for more than half of all online casino revenue in the state.
Other operators also posted major gains. Fanatics saw a staggering 283.9% increase year-over-year, while BetParx more than doubled its revenue. On the flip side, Bally’s, ESPN Bet, and Tropicana all reported double-digit declines.
For the average player, the competition among online casinos is translating into more games, better tech, and frequent promos. But with operators now taxed at 19.75%, there’s also the possibility of leaner bonus offers down the line.
Total Gaming Revenue Tops $642 Million
The state’s combined gaming revenue — including casinos, online gambling, and sports betting — hit $642.2 million for August. That’s a 15.7% increase compared to last year.
Casino win totaled $311.9 million, up 6.1%. Borgata once again led Atlantic City, bringing in $80.2 million. Hard Rock followed with $58.3 million, and Ocean Casino posted $51.2 million, reflecting solid year-over-year gains. Bally’s was the only operator to show a meaningful drop, sliding 7.6%.
Slots remained the top revenue driver inside casinos, generating $234.3 million across the state. Table games brought in another $77.6 million.
Sports Betting Bounces Back
Sports betting revenue surged 30.6% to $81.9 million in August. Online sportsbooks dominated, contributing $79.3 million of the total.
FanDuel pulled in $31.6 million, DraftKings $27.9 million, and BetMGM climbed to $7.7 million after a sharp 73.2% year-on-year jump. While most operators posted gains, BetFanatics reported a $4.1 million loss for the month — the worst among major brands.
Retail sportsbooks continued to lag behind their digital counterparts. Meadowlands was the only in-person venue to clear $1 million, reaching $1.6 million in revenue.
Tax Windfall for the State
Thanks to the mid-year tax hike, New Jersey collected $49.1 million in iGaming taxes in August alone — another record. So far in 2025, online gambling has added $305.5 million to state coffers. With the higher 19.75% tax rate now in full effect, expect monthly tax figures to keep climbing as long as revenue holds steady.
What It Means for Players
For online casino users in New Jersey, the landscape keeps expanding. Bigger brands are grabbing larger market shares, smaller operators are being squeezed, and the state is pulling in more tax revenue than ever.
The short-term effect for players is largely positive — more competition tends to mean better offers and a richer gaming experience. But long-term, rising tax rates and consolidation could lead to fewer incentives and higher costs passed down the line.
For now, though, it’s a strong market with plenty of momentum.
