New Jersey Gaming Income Climbs to a High of $536 Million in April's Monthly Report
Casino Chaos in the Garden State
Welcome to another rollercoaster month in New Jersey's gaming sector, April 2025! Online casinos, once again, stole the show as iGaming's astronomical surge sailed past traditional casinos and sports betting. The New Jersey Division of Gaming Enforcement (DGE) announced a total gaming revenue of $536.6 million, representing a modest 5% year-over-year increase.
Here's a lowdown on the good, the bad, and the ugly!
iGaming on a Winning Streak
Online casinos were the shining star, posting a jaw-dropping 25.2% year-over-year growth. FanDuel was the big boss with $52.9 million, a 35.3% jump from last April. DraftKings closely followed with $46.9 million, up a respectable 19.5%. BetMGM and Borgata weren't far behind, raking in $29.6 million and $20.8 million, respectively.
Casinos gone digital, eh? It's safe to say they're here to stay!
Sports Betting Faces a Slump
The sports betting scene, however, wasn't laughing out loud. Revenue from sportsbooks tumbled to $90.5 million, shedding 14.8% of its former glory. Online betting contributed $87.9 million of the losses, plummeting 15.7% year-over-year. Retail sportsbooks managed a fledgling 34.1% increase to $2.6 million. Ouch!
Local Casinos Grapple with the Digital Shift
With a combined take of $211 million, traditional casinos saw a slight dip of 2.7% compared to last April. Slot machines continued to reign supreme, raking in $162.2 million, including a 2.1% gain. Unfortunately, table games crumbled under the pressure, shedding an alarming 16% of their revenue.
Borgata remained the reigning champ, pulling in a modest 0.3% rise to $58.6 million. But it's not all roses for this casino giant. Some establishments, like Bally's, Golden Nugget, and Tropicana, have been feeling the squeeze, dipping 21.7%, 13%, and 11%, respectively.
The Numbers Don't Lie: Online Gaming is King
Although some sectors struggled, iGaming's relentless momentum kept the state's overall tax revenue buoyant. The state pocketed a whopping $59.8 million in taxes for April, with the annual tally at $234.9 million through April 2025. Can't deny it: online gaming has serious clout in Jersey's gaming pot!
And that's the gist of it! iGaming's astronomical growth keeps overshadowing brick-and-mortar casinos and sports betting, shifting the landscape of New Jersey's gaming sector. Stay tuned for more twists and turns in this high-stakes game!
- In the face of iGaming's unstoppable surge, traditional casinos and sports betting are struggling to keep up, with online casino games increasingly dominating the Garden State's gaming culture.
- The New Jersey gaming sector's overall financial health remains stable, thanks primarily to the remarkable growth of online casinos, with the state collecting a significant tax revenue of $59.8 million in April alone.
- Despite a 25.2% year-over-year growth, online casinos like FanDuel and DraftKings continue to compete fiercely for market share, while traditional casinos like Bally's, Golden Nugget, and Tropicana struggle to adjust to the digital shift.
- The lifestyle of Garden State residents appears to be evolving with the rise of technology, as sports betting revenues plummet by 14.8%, and casino-and-gambling culture increasingly shifts towards online gambling platforms.
