New Jersey Gambling Revenue Hits $606M in July
New Jersey’s gambling market reached new heights in July, with total gaming revenue climbing to $606.2 million. The figure, released by the Division of Gaming Enforcement on August 15, reflects a 10.7% increase compared to the same month last year and highlights the growing dominance of online casinos in the state’s gambling ecosystem.
Online Casinos Break Records With $247M in July
Internet gaming continued to lead the way, generating $247.3 million in July. That result marked a new monthly record and stood more than 25% above the July 2024 figure. Since the start of the year, online casinos have already produced $1.63 billion, up more than 23% year on year, cementing New Jersey’s status as the country’s leading online gambling market.
FanDuel maintained its position at the top of the digital rankings, reporting $52 million in July revenue, a 38% rise from last year. DraftKings followed with $48.6 million, while BetMGM earned $31.4 million. Caesars Palace Online also posted a record month at $18.7 million, more than 50% above its July 2024 total. Industry observers note that the rivalry among major operators has driven product innovation and player engagement, fueling sustained growth across the sector.
Brick-and-mortar casinos in Atlantic City recorded $284.1 million in revenue during July, a 4.3% increase year on year. Borgata led the market with nearly $80 million, while Ocean Casino Resort delivered the strongest growth, up more than 18%. Hard Rock Atlantic City also reported revenue gains.
At the same time, several of the city’s older properties continue to trail behind their pre-pandemic performance, underscoring the shift in momentum toward newer venues and the broader reliance on digital channels.
Sports Betting Revenue Slips
While online casinos and physical properties performed strongly, sports betting recorded a decline. Licensed operators generated $74.8 million in July, down 6.6% from the same month in 2024.
The total betting handle reached $664 million, with year-to-date sports betting revenue at $626.8 million, around 4% lower than last year.
Year-to-Date Performance Sets New Records
Despite the slowdown in sports wagering, New Jersey’s gambling industry remains on a record-breaking trajectory. From January through July, combined revenue across all verticals reached $3.92 billion, the highest year-to-date total ever for the state.
Tax receipts have kept pace with this expansion. July alone brought in $81.7 million in gambling-related taxes, pushing the state’s year-to-date contribution to $446.1 million.
Recommended