{"id":19859,"date":"2025-11-19T16:20:44","date_gmt":"2025-11-19T13:20:44","guid":{"rendered":"http:\/\/staging.igamingamerika.com\/?p=19859"},"modified":"2025-11-19T16:20:44","modified_gmt":"2025-11-19T13:20:44","slug":"new-jersey-achieves-record-260-million-in-igaming-revenue-for-october","status":"publish","type":"post","link":"https:\/\/igamingamerika.com\/index.php\/2025\/11\/19\/new-jersey-achieves-record-260-million-in-igaming-revenue-for-october\/","title":{"rendered":"New Jersey Achieves Record $260 Million in iGaming Revenue for October"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>The state of New Jersey reported a remarkably strong performance in its gambling industry for October 2025, with total igaming revenue reaching $611.1 million, representing a significant 22.3% increase compared to the same month in the previous year. <\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Of particular note was the iGaming sector, which achieved a historic milestone by generating $260.3 million in revenue, setting a new monthly record for the Garden State. According to the New Jersey Division of Gaming Enforcement, this growth was driven by a broad-based increase across all gambling categories, with online gaming emerging as the primary revenue source, surpassing both land-based gaming and sports betting, although the latter experienced the most substantial year-over-year growth percentage.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The performance of iGaming was especially noteworthy, as it exceeded last year\u2019s figures by 21.8%, surpassing the $250 million mark for the first time in the state&#8217;s history. The total of $260.3 million in October represents an increase of approximately 4.8% over the previous record of $248.8 million set in August 2025. The online slots and table games segments contributed roughly $257.7 million, reflecting a 22% increase from the prior year, while peer-to-peer internet poker revenue grew by 11.1%, reaching $2.6 million. Leading operators such as FanDuel and its partner Golden Nugget maintained their dominant positions, generating $60.9 million in revenue, followed by DraftKings and Resorts World with $48.5 million, and BetMGM along with the Borgata, which collectively earned $33.2 million.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In the realm of sports betting, revenue for October experienced an impressive 49.8% year-on-year increase, reaching $116.1 million. Online sports betting accounted for $110.7 million of this total, representing a 45.9% rise, while retail sports betting experienced an extraordinary jump of 242.5%, bringing in $5.4 million. The total betting handle for the month was reported at $1.24 billion, up 10.7% from October 2024, with online wagers comprising $1.19 billion and retail wagers totalling $43.8 million. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read also: <a href=\"http:\/\/staging.igamingamerika.com\/minister-advocates-for-27-5-tax-rate-on-brazils-betting-industry\/\" target=\"_blank\" rel=\"noreferrer noopener\">Minister Advocates for 27.5% Tax Rate on Brazil\u2019s Betting Industry<\/a><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The statewide betting hold percentage stood at 9.39%, indicating a healthy balance between operator revenue and total bets placed. In the online sports betting sector, FanDuel and the Meadowlands continued to lead, generating $39.9 million in revenue, with DraftKings and Resorts World following at $30.5 million, and BetFanatics and Bally\u2019s recording $11.4 million. Among retail sportsbooks, Meadowlands was the top performer with $2.3 million in revenue, closely followed by Borgata, which reported $1.5 million for the month.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The remaining portion of the overall revenue was derived from land-based casinos, which reported $234.7 million\u2014an increase of 12.5% compared to the previous year. Slot machines contributed $174.4 million, up 9.1%, while table games brought in $60.3 million, reflecting a 23.5% increase. Year-to-date figures for the first ten months of 2025 reveal that New Jersey\u2019s gambling industry generated approximately $5.74 billion, representing a 10% increase over the same period last year. Breaking down this total, iGaming accounted for $2.39 billion, up 22.6%, sports betting reached $914.6 million, a modest 0.2% growth, and land-based casinos contributed $2.44 billion, marking a 3.4% increase year-on-year. <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-white-color\">New Jersey igaming revenue october<\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The state of New Jersey reported a remarkably strong performance in its gambling industry for October 2025, with total igaming revenue reaching $611.1 million, representing a significant 22.3% increase compared to the same month in the previous year. Of particular note was the iGaming sector, which achieved a historic milestone by generating $260.3 million in &hellip;<\/p>\n","protected":false},"author":1,"featured_media":20377,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22,2,157],"tags":[],"class_list":["post-19859","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-sports-betting-america-news","category-united-states-of-america-gambling-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>New Jersey Achieves Record $260 Million in iGaming Revenue for October<\/title>\n<meta name=\"description\" content=\"New Jersey reported a strong performance in its gambling industry for October 2025, with total igaming revenue reaching $611.1 million\" \/>\n<meta name=\"robots\" content=\"index, follow, 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