New Jersey’s internet gaming sector reached a major milestone in October as online casinos collectively generated $260.3 million, finally surpassing the long-anticipated quarter-billion mark after several close calls earlier in the year. The Division of Gaming Enforcement’s latest figures show that operators had previously hovered between $243.2 million and $248.4 million on five separate occasions, with August holding the previous high point. October’s total represented a 21.8% increase over the same month in 2024.
Surging Internet Casino Revenue Sets New Benchmark
The strong performance offered welcome momentum following September’s softer 16.8% year-over-year rise. Year-to-date internet casino revenue now stands near $2.39 billion, coming within just $2.1 million of the full-year total reported in 2024.
The record-breaking month also translated into elevated tax receipts. With the state’s 19.75% iGaming tax rate implemented at the start of the fiscal year in July, October produced $51.5 million for state coffers. Over its first four months, the revised rate has delivered $197.7 million in tax revenue.
When factoring in sports wagering and Atlantic City casinos, New Jersey’s total gaming revenue climbed to $611.1 million in October, a 22.3% jump from the prior year. All verticals experienced double-digit gains, led by a 49.8% surge in sports betting revenue to $116.1 million. Physical casino winnings also improved, advancing 12.5% to $234.7 million.
FanDuel Dominates as Platform Growth Varies Across Market
FanDuel continued its standout 2025 run with a state-record $60.9 million in October, reinforcing its position as the leading online casino tethered to Golden Nugget. The operator was the first in the state to cross both the $55 million and $60 million thresholds, building on its December achievement of joining DraftKings as one of New Jersey’s initial $50 million-plus earners. October’s figure marked a 26.1% year-over-year increase, pushing FanDuel’s calendar-year winnings to $533.4 million, up 30.5% from the same period in 2024.
Golden Nugget’s full cluster of five operators combined for $79.9 million, with its in-house platform contributing $10.6 million, and BetRivers adding $8 million.
DraftKings maintained its hold on second place but again fell short of achieving a long-awaited return to the $50 million mark. Its $48.5 million October total reflected 6.3% growth, slightly trailing the broader 11% year-to-date trend. Resorts’ collective tethers delivered $56.6 million, the second-highest in their history.
At the license-holder level, the Borgata edged ahead of Resorts with $58.9 million, powered by BetMGM’s record $33.2 million, a 30.2% annual rise. Borgata’s own digital brand also surpassed $20 million, posting $21.9 million, its second-best total to date.
Fanatics Casino, meanwhile, saw its performance rebound sharply. After months of fluctuating results, the operator reached a new high with $13 million, representing a 250.4% increase from last year and more than doubling September’s output.
Rounding out the top performers, Caesars Palace recorded $16.9 million, while Hard Rock reached $14.3 million, narrowly surpassing its previous best by nearly $133,000.
Source:
“New Jersey iGaming Revenue Hits Record $260 Million In October”, finance.yahoo.com, November 17, 2025
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