According to data released by the New Jersey Division of Gaming Enforcement (DGE), total gaming revenue in New Jersey rose to $546.1 million in March 2025, a 3.7% increase year-over-year.
This growth was primarily driven by the state's iGaming industry, which continued its upward trend, growing by 23.7% to reach $243.9 million.
FanDuel led the digital market with revenues of $52.3 million (up 25.7%), followed by DraftKings with revenues of $49.6 million (up 20.3%), and BetMGM showing the most significant growth at 42.8%, earning $31.6 million.
The strong performance of online gaming contrasted sharply with declines in land-based gaming and sports betting industries, continuing a trend that emerged earlier in 2025. In February, overall revenue grew by 5.1%, but land-based casino win decreased by 3.8%.
Despite strong performance by Borgata, casino profits declined
March casino revenues reached $230.9 million, down 3.7%. Slot revenue was robust, slightly up by 0.5% to $173.6 million. However, table games revenue dragged down the overall figures, falling by 14.6% to $57.3 million.
Borgata Hotel Casino & Spa was the top-performing land-based venue, with revenues of $58.4 million, an increase of 3.3%. Hard Rock Atlantic City also saw a slight revenue increase of 0.2%, reaching $44.5 million.
In contrast, Ocean Casino Resort saw a revenue decline of 14.8% to $34.7 million. Caesars Atlantic City's revenue fell by 10% to $16.7 million, Golden Nugget's revenue decreased by 13.8% to $11.8 million, and Harrah's revenue dropped by $2.1 million, a mere 0.1% decrease.
Sports betting revenue sharply contracted
Sports betting revenue fell by 20.5% to $71.3 million, continuing the downward trend of previous months. Online betting accounted for the largest share, at $68 million (down 20.6%), while retail betting revenue was $3.3 million, down 17.3%.
FanDuel remained the largest online sports betting operator in March, reporting revenue of $23.4 million, a 20.7% decrease from the same period in 2024. However, DraftKings and BetMGM saw increases in online sports betting revenue of 13.4% and 35.8%, respectively, earning $19.9 million and $8 million.
New entrants BetFanatics and Bally Bet, after ceasing operations in the state in March 2024, generated revenues of $4.4 million and $172,200 respectively.
Racetrack betting market shrinks, mixed results in retail betting market
In retail, Borgata had the highest sports betting revenue, reaching $308,400, an increase of 114.1%. Following were Harrah's and Ocean Casino, with increases of 49.5% and 802.7%, and revenues of $235,500 and $229,800 respectively.
However, the racetracks struggled. Meadowlands Racetrack (FanDuel's retail sports betting platform) generated over $2 million in revenue, down 11.8% from March 2024.
Monmouth Park contributed $432,400, while Freehold Raceway reported no revenue for the month, compared to $214,000 in the same period last year.
In March, the state's total sports betting revenue exceeded $1.1 billion, nearing $3.25 billion since the beginning of the year.
Continued shift towards digital dominance
March's performance reflects the prevailing trend of digital dominance in New Jersey's gaming industry. Despite another double-digit growth for iGaming, land-based casinos continued their downward profitability trend—contrasting with the past years when they were the industry's backbone.
Previously, in February, total gaming revenue was $484.8 million, with online gaming accounting for the largest share at $207.8 million. In January, despite a slight decline of 0.9% in total revenue, iGaming business grew by 20.9%.
With FanDuel, DraftKings, and BetMGM driving the state's digital growth, focus now shifts to how the industry balances regulatory development and supports the infrastructure of Atlantic City's land-based casinos amid changing consumer behaviors.
