- New Jersey’s online gambling revenue hit a record $246.8M in May 2025, up 28.5% year-on-year, per NJDGE, driving total gaming revenue to $614.7M.
- FanDuel led with $54.4M; online slots ($194.8M) and table games ($70.5M) fueled growth. Sports betting added $102.5M, with a $1.01B handle.
- The $9.1B market faces a proposed 30% tax hike; iGaming’s rise could outpace land-based casinos in 2025, but players urged to use licensed sites.
Why New Jersey’s iGaming Broke Records
On June 17, 2025, the New Jersey Division of Gaming Enforcement (NJDGE) reported that May’s online gambling revenue reached $246.8 million, a 28.5% jump from May 2024 and a 4.9% increase over April 2025, surpassing the previous record of $243.9 million set in March.
The state’s total gambling revenue hit $614.7 million, up 20.5% year-on-year, with iGaming stealing the spotlight despite land-based casinos leading at $270.3 million. With online slots and table games generating $244.2 million, up 28.6%, the sector’s growth reflects New Jersey’s robust digital market, per iGaming Business. You can see the momentum: iGaming is closing in on traditional casinos.
See also:
- New York Sets $1B Bar for Downstate Casino Licenses, Final Bids Due June 27
- Louisiana Governor Vetoes Sweepstakes Ban, Preserving Digital Gaming
- Oklahoma Tribal Nations Drive $23.4B Economic Boom, Led by Gaming
Details of the Revenue Surge
Online slots drove $194.8 million, a 7.5% rise, while table games soared 21.9% to $70.5 million, per NJDGE data. FanDuel led operators with $54.4 million, a 36.1% year-on-year increase, overtaking DraftKings’ $48.0 million.
Other top performers included Resorts Digital ($28.3 million), BetFanatics/Bally’s ($6.2 million), and Bet365/Hard Rock ($6.0 million). Sports betting added $102.5 million, with online wagers generating $98 million (up 26.2%) and retail $4.5 million (up 326.6%).
The total sports betting handle was $1.01 billion, up 12.4%, with a 10.14% hold. You might notice the trend: digital platforms dominate, but retail sportsbooks are rebounding.
Impact on New Jersey’s Gambling Industry
New Jersey’s $9.1 billion gambling market, the largest U.S. sports betting handle, collected $66.8 million in taxes in May, with iGaming contributing $37.1 million at a 15% rate.
Year-to-date, total revenue reached $2.74 billion, up 6.6%, with iGaming at $1.16 billion, per NJDGE. The record underscores iGaming’s rise, surpassing land-based casinos in recent months, though physical venues still lead annually at $1.12 billion.
For you, this means more online options like FanDuel, but X posts highlight concerns over a proposed 30% tax hike, which could raise costs. You might ask: will iGaming overtake casinos entirely?
What’s Next for New Jersey’s Gaming Market
With iGaming setting records for six straight months, analysts predict it could become New Jersey’s top revenue source in 2025, per iGaming Business. A proposed tax increase to 30%, introduced by Sen. John McKeon, looms, potentially impacting operator profits and player costs.
The NJDGE’s focus on responsible gaming, with 1.2 million self-exclusions via GamStop in 2024, ensures protections. You might be curious about safe betting: use NJDGE-verified platforms like DraftKings.
As New Jersey’s $614.7 million May haul shows, its digital-first gambling market is poised for further growth, but tax debates could shape its trajectory.
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