New Jersey sets online gambling revenue record in May
Online gambling revenue in New Jersey reached a record $246.8 million during May while the Garden State also reported year-on-year growth across all other market sectors.
Total gambling revenue in May amounted to $614.7 million, according to figures from the New Jersey Division of Gaming Enforcement. This surpassed the previous year by 20.5% and was also 14.6% ahead of April this year.
For the first time in several months, land-based casinos drew the most revenue out of the market’s three segments. However, iGaming, which has led the way in New Jersey recently, still stole the show with a record month.
Record month for New Jersey iGaming
The operators’ iGaming revenue was 28.5% higher year-on-year and 1.2% ahead of the existing record, set in March this year. It also surpassed April’s total by 4.9%.
Of this, $244.2 million was attributed to online slots and table games, up 28.6% from last year. The remaining $2.7 million came from internet poker, a rise of 22.8%.
FanDuel and partner Golden Nugget Atlantic City again led the market with $54.5 million in iGaming revenue. Not far behind in second was DraftKings and Resorts Casino Hotel with a monthly haul of $48.1 million.
BetMGM and Borgata completed the top three with $32.5 million. Other operators of note included Borgata’s standalone platform with $20.8 million in revenue and Caesars Palace and Tropicana Atlantic City at $18 million.
New Jersey sports betting hold reaches 10.14%
Turning to sports betting, revenue in this segment topped $102.5 million in May. This beat last year by 30.2% and was also 13.3% more than April’s figure this year.
Online betting generated $98 million of all sports wagering revenue, up 26.2% from 2024. However, it was retail that saw the most improvement, with its $4.5 million total surpassing last year by 326.6%.
Spending-wise, total handle for the month was $1.01 billion, 12.4% more than May of 2024 and 7% ahead of April. Customers spent $967.1 million betting online and $43.5 million at retail sportsbooks across New Jersey.
As for hold, the state’s monthly figure reached 10.14%.
Looking at operators, FanDuel and Meadowlands continued to lead the online market, taking $44.3 million. New Jersey does not publish monthly data on individual operator handles.
DraftKings and Resorts Casino Hotel were again second with $28.3 million, then BetFanatics and Bally’s with $6.2 million. Bet365 and Hard Rock followed with $6.0 million, ahead of ESPN Bet and Resorts at $4.9 million.
In terms of retail, Meadowlands was the clear market leader with $4.8 million in revenue.
Land-based casinos bounce back
Having played second fiddle to iGaming for several months, land-based casinos were back on top, drawing more revenue than any other sector. The $265.3 million generated was 10.9% higher than last year.
Slot machine revenue jumped 7.5% year-on-year to $194.8 million, while revenue from table games climbed 21.9% to $70.5 million.
Tax-wise, New Jersey collected a total of $66.8 million from all sectors during May. Of this, $37.1 million came from iGaming, $16.5 million land-based casinos, $12.7 million online sports betting and $454,318 retail sports wagering.
Year-to-date, total gambling revenue in the state has been 6.6% higher at $2.74 billion. Of this, $1.16 billion came from iGaming, $1.12 billion land-based casinos and $460.2 million sports wagering.