New Jersey iGaming Hits $221.6M in January, Sports Betting Revenue Jumps 28.4%
New Jersey’s gaming industry had a strong start in January 2025, with iGaming revenue climbing nearly 21% year-over-year, despite a decline in total sports betting handle. Favorable NFL playoff results for sportsbooks helped drive the highest football season revenue to date, even as overall betting activity slowed compared to last year.
Sports Betting Revenue Climbs Despite Lower Handle
New Jersey sportsbooks handled $1.15 billion in bets, marking a 33.1% drop from January 2024’s $1.72 billion record. However, thanks to profitable NFL postseason betting, operators pulled in $122.2 million in revenue, a 28.4% year-over-year increase and a 94.6% jump from December 2024.
Parlay betting was the biggest winner for sportsbooks, generating $80.1 million in revenue. Basketball and football wagers contributed $11.5 million and $15.5 million, respectively.
Leading the charge was FanDuel, with $53.1 million in revenue, followed by DraftKings at $35.6 million and BetMGM at $7.4 million. Fanatics Sportsbook and bet365 rounded out the top five, earning $6.8 million and $4.8 million, respectively.
Despite the strong revenue numbers, overall gaming revenue in New Jersey dipped slightly, down 0.9% year-over-year to $553.9 million.
iGaming Continues to Dominate
While sports betting saw a mixed performance, online casino gaming remained the biggest revenue driver. iGaming revenue reached $221.6 million, reflecting a 20.9% increase from January 2024.
Among online casino operators, FanDuel led with $49.7 million, followed by DraftKings at $44.1 million. Jackpocket saw an explosive 507.7% growth, jumping from $0.2 million to $1.3 million in revenue. Hard Rock Bet and Caesars Palace also posted significant gains of 58.7% and 43.5%, respectively.
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