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Online casinos in New Jersey have recorded more than $2 billion in revenue so far in 2025.
The New Jersey Division of Gaming Enforcement has released its September online gaming revenue report, showing that operators generated $243.1 million during the month. Based on that figure, New Jersey’s online casinos have now earned a combined $2.12 billion from January through September 2025.
Compared with the first three quarters of 2024, those figures represent a 22.7% year-over-year increase. In September, online gambling platforms outperformed land-based casinos across the state. According to the report, brick-and-mortar casinos brought in $230.7 million last month.
However, overall 2025 revenue for the state’s online gambling industry remains slightly below that of Atlantic City’s nine physical casinos, which have generated about $2.2 billion so far this year.
Top NJ online casinos by revenue in September 2025
All licensed online casinos in New Jersey collectively generated more than $243.1 million in September. However, three major platforms — FanDuel, DraftKings, and BetMGM — accounted for the majority of that revenue.
Leading the way, FanDuel Casino reported $56.6 million in September revenue, boosted by the launch of its new rewards club. In total, FanDuel has generated more than $472.5 million so far in 2025.
Following closely, DraftKings Casino earned $48 million in September and has brought in $419 million from January through September. BetMGM Casino ranked third, generating $30 million last month and more than $275 million so far this year.
Borgata Online Casino, another BetMGM brand, also ranked among the top performers with $20 million in September revenue and $187 million year-to-date.
Combined, the three top-performing platforms accounted for 55% of all online gaming revenue in New Jersey in September. When Borgata’s earnings are included, the top four online casinos made up 64.2% of the state’s total.
Beyond these leading brands, more than 15 other gambling platforms operate in New Jersey, including Caesars Palace, Hard Rock Bet, Golden Nugget, BetRivers, Fanatics Sportsbook & Casino, and Bally Bet. These operators round out the top 10 online casinos in the state.
Except for Bally Bet, all top 10 operators reported at least a 4.6% year-over-year revenue increase. Fanatics posted the strongest growth, up 86.8%, while Bally Bet saw the largest decline at 18.4%.
US online casino market trends and state comparisons
While sports betting continues to expand across the United States, real-money online casinos have struggled to gain a similar foothold. Currently, more than 30 states allow sports betting, but only seven — Michigan, West Virginia, New Jersey, Pennsylvania, Connecticut, Rhode Island, and Delaware — have legalized some form of online gambling.
Among them, Pennsylvania leads in total online casino revenue, reporting $294.2 million in March 2025. For September, Michigan ranked second with $259.1 million, followed by New Jersey with $243.1 million.
For now, the outlook for further expansion of online casinos in the US remains limited. Despite multiple attempts, New York has yet to pass iGaming legislation, and Maryland appears unlikely to approve online casino gaming in the near future. A recent statewide survey found that 55% of Maryland respondents oppose legalizing online gambling.
