New Jersey’s online gambling industry continues to surge, officially topping $2 billion in revenue for 2025 after a strong September showing. According to the latest report from the state’s Division of Gaming Enforcement, iGaming operators pulled in $243.1 million last month alone—a figure that pushes the year’s cumulative total to roughly $2.12 billion (climbing even further than previous reports in July).
That’s nearly a 23 percent jump from the same nine-month stretch in 2024, when online casinos generated about $1.73 billion.
While Atlantic City’s nine brick-and-mortar casinos still hold a slight lead at $2.2 billion in total earnings so far this year, the digital market continues to close the gap—even outperforming in September, when online platforms earned more than physical casinos’ $230.7 million haul.
FanDuel Leads as DraftKings, BetMGM Tighten the Race
FanDuel Casino topped all New Jersey operators last month, bringing in $56.6 million in revenue. The brand, which recently introduced a rewards club for players, now stands at over $472 million for the year. DraftKings Casino followed closely with $48.4 million in September and a year-to-date total of about $419 million.
Combined with BetMGM’s $30.3 million and Borgata’s $20.7 million, the three gaming giants now account for more than 64% of New Jersey’s monthly iGaming revenue—a clear sign of how dominant these brands have become.
Rounding out the top five, Caesars Palace Online Casino reported $17.8 million in September, bringing its annual total to just under $149 million.
| Operator | September Revenue | 2025 Total Revenue |
|---|---|---|
| FanDuel | $56,605,764 | $472,483,092 |
| DraftKings | $48,445,856 | $419,449,237 |
| BetMGM | $30,306,722 | $275,227,299 |
| Borgata | $20,711,114 | $187,186,483 |
| Caesars Palace | $17,822,341 | $148,810,843 |
Most operators saw moderate year-over-year growth of at least 4.6 percent, with Fanatics Casino posting the most impressive increase—a nearly 87 percent surge compared to the previous year. The only platform to experience a downturn was Bally Bet, which fell by over 18 percent.
A Mature Market Still Setting Records
New Jersey remains one of the most established online gambling markets in the U.S., having legalized iGaming back in 2013. And while the Garden State continues to break its own records, the national leader for monthly iGaming revenue is still our neighbors to the west, Pennsylvania, which brought in $294.2 million in March 2025.
As for expansion, neighboring states haven’t caught up. Efforts to legalize online casinos in New York have repeatedly stalled, leaving New Jersey as one of the few states with a fully developed iGaming ecosystem—and a clear head start as the market matures.
The New Jersey Digest is a new jersey magazine that has chronicled daily life in the Garden State for over 10 years.