New Jersey’s gaming market hit a remarkable milestone in April 2025, with total revenue reaching $536.6 million. This achievement highlights the growing dominance of online betting, which continues to outpace traditional Atlantic City casinos as the state’s primary revenue driver.
New Jersey Gaming Revenue in April 2025: Key Highlights
The gaming industry in New Jersey showed a 5% year-over-year growth in April 2025, climbing from $510.9 million in April 2024 to $536.6 million. The booming iGaming sector played a pivotal role, making up a significant share of the total revenues.
iGaming Surpasses In-Person Casino Revenues
- Record-Setting Month: The online gaming sector generated $235.2 million in revenue, marking a 25.2% increase from the previous year. This figure was just shy of the all-time monthly record of $243.9 million set in March 2025.
- Consistent Growth: April 2025 was the eighth consecutive month where iGaming revenues exceeded $200 million, further solidifying its role as a key growth driver.
- Top Performers: Among the leading platforms, FanDuel and Golden Nugget Atlantic City secured the top spot with $52.9 million (up 35.3%). DraftKings/Resorts followed with $46.9 million (up 19.5%), while BetMGM/Borgata, Caesars, and Tropicana were also notable contributors.
Decline in In-Person Casino Revenues
- Lower Land-Based Winnings: The nine Atlantic City casinos reported $211 million in in-person revenue, showing a 2.7% decline compared to April 2024.
- Impact of Online Growth: April 2025 marked the third time in four months that iGaming revenues surpassed in-person casino earnings, emphasizing the shifting landscape of the industry.
- Analyst Insights: Experts highlight that Atlantic City casinos must innovate their offerings, such as live events and other experiences, to remain appealing in the face of growing online competition.
Sports Betting and Revenue Trends
While iGaming showcased impressive growth, sports betting showed signs of decline:
- Sports Betting Revenue: Gross sports wagering revenues dropped by 14.8% year-over-year to $90.5 million in April 2025.
- Net Impact: Though sports betting underperformed, the boost from online gaming ensured overall growth in the state’s gaming market.
Economic Impact and Tax Revenue
The strong performance of iGaming has significant implications for New Jersey’s economy:
- Tax Revenue: Gaming taxes contributed approximately $59.8 million in April 2025, with year-to-date figures reaching $234.9 million.
- Economic Contribution: The online sector’s rapid growth underscores its importance as a key component of the state’s revenue streams.
Conclusion
New Jersey’s gaming industry continued to evolve in April 2025, with iGaming emerging as the dominant revenue source. The $235.2 million contribution from online platforms not only covered the declines in in-person casino and sports betting revenues but also highlighted the sector’s growth potential. However, this shift also poses a challenge to brick-and-mortar casinos, which must innovate to enhance their appeal to a modern audience. As online gaming solidifies its role as a cornerstone of New Jersey’s gaming landscape, its impact on the broader gambling ecosystem will remain a focal point for the industry.
