New Jersey Online Casinos Hit Record $248M in August
New Jersey’s online casinos had a record-breaking August, bringing in $248 million in revenue. Overall, gambling numbers were up, but casino games led the way. This is not surprising for the first state to make online gambling legal.
The New Jersey Division of Gaming Enforcement legalized online gambling in 2013, and since then, New Jersey has been leading the industry in terms of regulations and innovation.
Lawmakers have expanded existing laws to allow developers and innovators to decide what’s best for the industry. Things like VR games and live dealer tables have made playing more fun, and payments have become much easier, too. Many casinos now allow you to deposit with Cash App. This way, it’s quick and easy to fund your account so you can jump straight into a game in no time.
For New Jersey’s gaming division, this new monthly benchmark shows that its gambling market is still pushing for new heights despite competition from other states in the country. It also signals to lawmakers and regulators that the current laws are favorable for the market and will attract more investors who are looking for a fertile sector to diversify their funds or begin new iGaming projects.
According to the report from New Jersey’s gaming regulator, the total gambling revenue was pegged at $642.2 million. Although land-based casinos contributed the most to the revenue, iGaming caught the eye of stakeholders as it increased by 25.2% year-over-year (YoY) to $284 million. This figure was also 0.4% higher than the previous monthly record, which was set the previous month in July this year.
Online slots accounted for most of the monthly revenue, contributing $245.7 million, while internet poker completed the figure with $2.6 million. The revenue from both gaming categories increased 25.4% and 10.2% YoY.
The top iGaming operator in New Jersey brought in $57.1 million in August, up 38.2% from last year. The second-largest platform followed with $47.1 million, marking a 9% increase YoY. The third-highest earner saw $32.6 million in revenue, a jump of 46.9% compared to the same month in 2024.
Beyond the top three, the fourth and fifth on the list generated $20.6 million and $17.1 million in revenue. The report shows that both operators saw their revenues rise by 1.4% and 21.7% respectively.
Turning to the largest contributing sector, land-based casinos, the report shows that revenue rose by 6.1% to $311.9 million. Slot machines accounted for most of the total revenue, generating a total of $234.3 million, while table games accounted for $77.6 million.
The sports betting sector also had a good month as its revenue increased by 30.6% to $81.9 million, while operators’ sports betting hold stood at 10.06%. In August, customers wagered $814.3 million on sports, with $35.5 million spent in retail sportsbooks, while the remaining $778.8 million was bet online.
In terms of taxes, New Jersey collected a total of $86.1 million from gambling operators. $49.1 million came from iGaming operators, $16.4 million from online sports betting, $204,451 from retail sportsbooks, while land-based casinos accounted for $20.4 million.
With this report, New Jersey’s gambling industry hit a new financial landmark. Not only did its iGaming sector set a new revenue record, but its total gambling revenue for August was 5.9% higher than that of July and 15.7% higher YoY.
This also shows that despite competition from other states, New Jersey is still a hotspot for gambling, and with this news, it could attract new investment, which would ultimately boost the gambling economy.