New Jersey sees overall increases but sports betting becomes precarious
The New Jersey Division of Gaming Enforcement (NJDGE) have posted the state’s fiscal results for June 2025, reflecting a handsome spike in revenue
New Jersey online casinos dominated revenue, with internet gaming revenue up by 23.5% year-over-year (YoY) to $230.7m.
Of particular note is an overall 18.4% revenue increase compared to June 2024’s $491m – as industry-wide yield hit $581.6m this time around.
Internet-based sports betting saw a notable improvement, too, with the sector’s revenue 55% better off than reporting for the previous year.
Most figures point to a flourishing online gaming market, while retail figures detail mixed outcomes.
But, as outlined in this deep dive, the Garden State’s online upswing was not without cost.
New Jersey’s land-based casinos thrive despite online gains
According to the NJDGE, land-based operators recorded a sharp 26.9% YoY uptick in table game revenue in June 2025.
Retail casinos took in $76.2m from table games – beating the prior year’s $60.1m earnings.
However, a minor drop of 0.7% was seen in retail slot machine revenue, which was down by $1.2m compared to 2024’s result for the same period.
In total, land-based casino earnings achieved $259m in June 2025. That marks a 6.1% boost over June last year, when land-based casino venues reported $244.1m in holistic gaming revenue.
On a year-to-date (YTD) basis, spanning January 2024 to June 2024 and January 2025 to June 2025, the region’s retail casino monetary haul grew 1.7%, totaling $1.38bn.
Despite a slight decline in slots revenue for June 2025, the vertical remains ahead when evaluating YTD figures. From January to June 2025, slot-focused profit improved 1.3%.
Even more impressive are the state’s table game numbers, which stand 3.1% above YTD reporting. These results combined saw a YTD increase of 1.7% in land-based casino revenue.
While this data showcases New Jersey’s reliable land-based casino scene, these improvements pale in comparison to online gaming…
New Jersey online gaming yield booms; up 23.5% in June 2025
New Jersey was one of the first states to legalize online casino gambling, and the region now benefits from consistent results across all internet-only gambling facilities.
Most pressing in this month’s report is a 23.5% rally compared to last year, as the online gaming sector took $230.7m in cumulative peer-to-peer and ‘other authorized games’ revenue.
- Peer-to-peer: Games not played directly against the house, such as poker
- Other authorized games: Online slots, bingo and table games
When weighed against one another, other authorized games ($228m) strongly outperformed peer-to-peer products ($2.7m).
The growth of online slots and table games was further pronounced when comparing this year’s data against June 2024; a 23.7% increase was reported by the NJDGE, up from $184.4m.
Analysis of the year-to-date picture presents a similar story – with other authorized games revenue swelling by 22.9%, to $1.37bn from 2024’s $1.12bn.
For peer-to-peer amenities, the state captured a 9% development in revenue YTD; at $15.3m this year compared to $14.1m last time around.
Overall, year-to-date, New Jersey’s online casino pot hiked 22.7% and hit $1.39bn by June 2025.
This information suggests that New Jersey’s status as a leader in the domestic iGaming market will continue for the foreseeable future.
Online sports betting skyrockets in New Jersey June 2025
Online sports betting revenue enjoyed a massive 55% uplift – when compared to June 2024 – overtaking retail betting as New Jersey’s primary sports-focused option.
However, the success of internet sports betting culminated in a 48.5% fall in the retail sports betting arena during June 2025. While online sports betting took $91.2m, retail revenue accumulated just $612.7k for operators.
Contrasted against June 2024’s $1.2m – and accounting for the fact that the US hosted the 2025 FIFA Club World Cup, with New Jersey’s MetLife Stadium a home for several fixtures – these figures demonstrate a clear retraction of interest in the modern retail sports betting sector.
Thus, online sports betting accounted for most of the 52.9% increase in statewide sports betting revenue throughout June 2025 when compared to the same month last year.
However, YTD metrics suggest that New Jersey sports wagering is declining across online and retail channels. Proving this point is a 3.7% decrease in total sports betting revenue compared to January–June 2024.
Online sports betting dropped 4% in the first six months of this year, and while YTD retail wagering is up 9.2%, the critical nature of internet gaming means that this in-person incline is not enough to overturn a worrying deficit.
Operators may look to promotional content to draw gains from summer months, with this period typically low on major domestic sports competition.
Tax obligations continue community benefits
The NJDGE’s June 2025 report confirms that land-based casino games alone continue to pour several million dollars into the locale – with $16.2m in taxes collected from this vertical.
Specifically, this is divided between racetrack, sports and casino duties; each charged at different rates:
- Racetrack Sports Wagering Tax: A 1.25% duty applied to sportsbooks located at racetrack venues
- Casino Sports Wagering Tax: Another 1.25% tax on sports betting revenue accrued by casino operators. This duty supplemented existing online (13%) and retail sportsbook (8.5%) taxes before changing to a flat 19.25% rate in July 2025
- Casino Investment Alternative Tax (IAT): Casinos are charged 2.5% of their internet casino gross gaming revenue (GGR) and 1.25% of land-based casino GGR
- Internet Gaming Tax: Online operators are taxed at a rate of 15% for online casinos and 13% for online sports betting
Online casinos contributed the most in taxes for this period, with $34.5m, followed by actual casino tax revenue.
Retail sports betting contributed the least in taxes, with just $43,702. Meanwhile online sports betting curated $7m in taxes.
Further, racetracks contributed $4.9m in overall tax revenue, meaning that overall operators – outside of racetracks – contributed $57.8m; bringing the overall New Jersey tax contributions for June 2025 to $62.8m.
Crucial period ahead for NJ operators
Online betting is a clear market driver in New Jersey, but operators will be acutely aware of just how fickle the current field is.
An increased divergence between retail and online wagering is expected throughout the rest of the year – particularly as in-person gaming loses appeal in the face of expansive internet market opportunities for players.
Sports betting stands as a central concern. However, the upcoming traditional NFL and NBA seasons may remedy this issue naturally.
Operators will likely reinforce physical and online slots offerings in a bid to curb dwindling retail sports returns and maintain pace with an increasingly internet-based market.
