New Jersey Achieves Record $260 Million in iGaming Revenue for October
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 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.
The performance of iGaming was especially noteworthy, as it exceeded last year’s figures by 21.8%, surpassing the $250 million mark for the first time in the state’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.
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.
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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’s 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.
The remaining portion of the overall revenue was derived from land-based casinos, which reported $234.7 million—an 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’s 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. New Jersey igaming revenue october
