{"id":133686,"date":"2025-11-21T13:11:08","date_gmt":"2025-11-21T13:11:08","guid":{"rendered":"https:\/\/peakycasino.net\/?post_type=news&p=133686"},"modified":"2025-11-21T13:16:58","modified_gmt":"2025-11-21T13:16:58","slug":"new-jerseys-october-igaming-revenue-hits-a-record-number-of-260m","status":"publish","type":"news","link":"https:\/\/peakycasino.net\/news\/new-jerseys-october-igaming-revenue-hits-a-record-number-of-260m\/","title":{"rendered":"New Jersey\u2019s October iGaming Revenue Hits A Record Number of $260M"},"content":{"rendered":"

On November 17, the New Jersey Division of Gaming Enforcement released a report on the state\u2019s October gaming revenue. According to the report, the gambling industry generated $611.1 million, reflecting a 22.3% year-over-year increase and an 8.4% month-over-month gain.<\/p>\n

iGaming, in particular, contributed $260.3 million to the total gambling revenue, outperforming sports betting and land-based segments.<\/p>\n

New Jersey\u2019s iGaming Revenue Breaks a New Record<\/h2>\n

With $260.3 million in revenue, the iGaming segment crushed its own record of $248.8 million in August<\/a>, increasing by 4.8%. This all-time high also marked the first time it has surpassed the $250 million threshold and represented a 21.8% spike compared to the same period last year.<\/p>\n

Online table games and slots saw a 22% increase from last year, accounting for $257.7 million of the total iGaming revenue. Peer-to-peer online poker also followed the same upward trajectory with double-digit growth to $2.6 million.<\/p>\n

Combining the October\u2019s numbers, the 2025 iGaming revenue of New Jersey now soars to $2.39 billion, witnessing 22.6% year-over-year growth. This segment remains the primary driver of the state\u2019s total gambling revenue.<\/p>\n

With a higher total revenue comes higher tax receipts. New Jersey\u2019s iGaming is currently subject to a 19.75% tax rate, which translates to $51.5 million in October.<\/p>\n

FanDuel and DraftKings Dominate the NJ iGaming Market in October<\/h2>\n

FanDuel and DraftKings, two eternal rivals, contributed the most to New Jersey\u2019s total iGaming revenue this month.<\/p>\n

While both operators joined the $50 million club, FanDuel was the first to hit $60 million in revenue in the Garden State. With a revenue of 60.9 million, the operator saw a 26% year-over-year increase and became the industry leader in the state\u2019s iGaming segment. October\u2019s numbers have brought its 2025 total revenue to $533.3 million.<\/p>\n

DraftKings ranked as the second most profitable operator in New Jersey, but it still trailed far behind the market leader.<\/p>\n

Although the operator has been pursuing a second $50 million record for a whole year, it wrapped up October with $48.5 million in revenue, falling $1.5 million short of the target. The casino is expected to hit $500 million in total revenue for 2025, up from its current tally of $467.9 million.<\/p>\n

BetMGM came as the third casino with $33.2 million, followed by Borgata with $21.9 million.<\/p>\n

\"Casino

iGaming dominates the NJ gambling market, with FanDuel and DraftKings being the top contributors.<\/p><\/div>\n

Sports Betting Enjoys a 49.8% Spike<\/h2>\n

While iGaming led the NJ gambling market, it was the sports betting segment that recorded the greatest year-to-year growth.<\/p>\n

This month, sports wagering revenue jumped to $116.1 million, reflecting a 49.8% spike compared to the same period last year. Online betting was the main source of sportsbooks\u2019 revenue with $110.7 million, increasing 45.9%, while retail revenue soared by 242.5% to $5.4 million.<\/p>\n

New Jersey sportsbooks received a total of $1.24 billion in player bets, in which online wagers accounted for $1.19 billion. This took the total customer spending to $9.9 billion over the past 10 months, which was poised to hit $10 billion this year.<\/p>\n

The landscape of sports wagering was similar to iGaming, where FanDuel and DraftKings continued to lead the market. In particular, FanDuel generated $39.9 million, while DraftKings contributed $30.5 million to the total sports betting revenue.<\/p>\n","protected":false},"author":11,"featured_media":133693,"parent":0,"template":"","meta":{"_acf_changed":false,"_yoast_wpseo_focuskw":"new jersey igaming revenue october 2025 record","_yoast_wpseo_title":"","_yoast_wpseo_metadesc":"New Jersey\u2019s iGaming revenue witnessed an all-time high of $260.3 million in October 2025, demonstrating the segment\u2019s leading role in driving revenue.","_yoast_wpseo_is_cornerstone":"","_yoast_wpseo_meta-robots-noindex":"","_yoast_wpseo_meta-robots-nofollow":"","_yoast_wpseo_meta-robots-adv":"","_yoast_wpseo_bctitle":"New Jersey Igaming Revenue October 2025 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