All three primary segments—casinos, online gaming (iGaming), and sports betting—contributed to this positive trend. Casino revenue totaled $259 million, reflecting a 6.1% rise. However, within the casino sector, slot machine revenue saw a slight decline of 0.7%, settling at $182.8 million. Conversely, table game revenue experienced a significant boost of 26.9%, reaching $76.2 million. Among the major operators, the Borgata led with $76.7 million in winnings, marking a nearly 20% increase, while Ocean Casino posted a remarkable 30.1% growth, earning $43.5 million. Caesars also experienced modest growth of 7.4%, accumulating $20.5 million, but Hard Rock Atlantic City faced a 5.5% decrease, finishing at $45.8 million. Overall, most operators reported stable or improved performance despite some fluctuations in slot machine revenue, highlighting the resilience of the casino sector.

The online gaming market continued its rapid expansion, generating $230.7 million in revenue—a 23.5% increase year-over-year. The majority of this growth came from “other authorized gaming,” which accounted for $228 million, up 23.7%. FanDuel led the online casino segment with $53.3 million in revenue, representing a substantial 48.2% increase. DraftKings followed with $43.6 million, a 6.3% rise, while BetMGM reported $30.2 million, growing by 35.3%. Other notable players included Borgata, which registered $20 million (+12.3%), Caesars Palace with $16.9 million (+49.2%), and Hard Rock Bet, which saw a 40.3% increase to $13.5 million.

Sports betting also experienced significant growth, with revenue rising by 52.9% to $91.9 million. A dominant share of this came from online platforms, totaling $91.2 million, while retail sports betting revenue declined sharply by 48.5% to just $600,000. FanDuel again led the market with $35.8 million in revenue, up 22.9%, and DraftKings followed with $24.3 million, representing a remarkable 69.2% increase. BetFanatics performed exceptionally well, with a 571.3% surge in mobile betting revenue, reaching $12 million. Overall, the total sports betting handle in June approached $791 million, predominantly driven by online activity. Year-to-date figures from the DGE revealed over $6 billion in total transactions and $558.2 million in revenue, maintaining a healthy retention rate of 9.2%.

Read also: Montana Sports Betting Reaches Over $3.9 Million in June

These June results follow a record-breaking May, which saw $614.7 million in gaming revenue—the strongest month of the year so far. May experienced notable gains across all sectors, with iGaming up 28.5%, sports betting increasing 30.2%, and casino winnings rising 10.9%. Although June’s numbers were slightly lower, the industry’s growth momentum remains strong, fueled by the continued expansion of online gambling and the resilience of digital betting markets.

Looking ahead, industry stakeholders are optimistic about sustaining this upward trend . With ongoing regulatory innovations and upcoming major events like the NFL season, the third quarter holds promising potential for further growth. The combination of digital innovation, consumer engagement, and strategic product launches is expected to keep New Jersey at the forefront of the national gaming industry. New Jersey gaming revenue June 2025

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On April 28, Judge Edward S. Kiel approved the motion, thereby preventing the NJDGE or the New Jersey Casino Control Commission from “pursuing civil or criminal enforcement actions against Kalshi concerning its sports-related event contracts.”

As part of the terms, Kalshi is required to secure a $100,000 bond through the Clerk’s Office.

In his ruling, Judge Kiel noted that the Commodity Futures Trading Commission (CFTC) designated Kalshi as a contract market in 2020. He pointed out that even though Kalshi is now offering sports contracts, the “CFTC has not reviewed or prohibited Kalshi’s sports-related contracts despite possessing the authority to do so.”

A key issue in the case is that Kalshi’s contracts involve wagering on college basketball tournaments, which contrasts with the New Jersey Constitution, prohibiting betting “on a college sport or athletic event that takes place in New Jersey or on a sport or athletic event in which any New Jersey college team participates regardless of where the event takes place.”

Though the NJDGE emphasized that Kalshi facilitates betting on sports outcomes, Judge Kiel stated, “finally, I am persuaded that Kalshi’s sports-related event contracts fall within the CFTC’s exclusive jurisdiction and am unconvinced by defendants’ arguments to the contrary.”

He further remarked, “Because I found above that Kalshi has established a likelihood of success in demonstrating that New Jersey law is preempted as applied to its sports-related contracts, I also conclude that the interests favor injunction.”

Judge Kiel also mentioned that limited to Kalshi’s alleged ongoing violations of New Jersey law, “Kalshi – as noted in Hendrick – proceeds at its own peril.”

Read also: FlaBet Faces Scrutiny for Illegal Betting on Future Pope

It’s worth noting that this case has been in progress since March 29, and Kalshi is involved in several other lawsuits across Nevada, Ohio, Illinois, and Maryland.

The judge indicated that if the NJDGE is eventually proven correct, they will be able to initiate enforcement actions; however, this has not been established yet.

While the minimum bond for such cases could be set at $10,000, it has been increased to $100,000 in this instance.

Judge Kiel clarified, “This sum is intended to mirror that of the maximum fine of a violation under the Sports Wagering Act.”

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While prediction markets have existed for some time, they gained considerable attention following a court ruling favoring the New York-based exchange Kalshi in October. That decision allowed Kalshi to offer election betting despite the CFTC’s objections, opening the door for various platforms, including Robinhood and Crypto.com, to join in. This led to considerable trading activity, with billions of dollars exchanged in election contracts last November, and the introduction of sports contracts shortly thereafter. This has sparked considerable unrest among various stakeholders, including gaming operators, state regulators, and responsible gaming advocates. Because federally sanctioned exchanges are permissible across all 50 states and are not classified as sports betting, they currently do not incur state betting taxes, raising further concerns regarding consumer protection.

In response to these developments and the accompanying challenges, the CFTC has organized the upcoming roundtable. The agency’s position on prediction markets remains uncertain, particularly in light of the shift in presidential administrations. Notably, Donald Trump Jr. was appointed as an adviser to Kalshi in January, and President Trump’s nominee for the CFTC chair, Brian Quintenz, is a member of Kalshi’s board.

The Nevada Resort Association (NRA), a leading trade group in the state, took a strong stance against prediction markets in their response submitted on April 3. Traditionally, Nevada considers itself the cornerstone of legal gaming in the U.S., and NRA President and CEO Virginia Valentine voiced a determined defense of this reputation. She emphasized that Nevada has cultivated a safe environment for legal sports betting for decades. “Allowing for sports wagering to happen outside of state regulated channels puts citizens at risk and endangers the critical economic support gaming provides,” she stated. Valentine also noted that after PASPA was overturned in 2018, other states turned to Nevada for guidance in establishing their own sports betting frameworks.

Read also: Record Igaming Revenue in New Jersey Compensates for Casino and Sports Betting Dip

In contrast, New Jersey, which has played a pivotal role in shaping the modern sports betting landscape, articulated its concerns in a submission on April 2 from the Casino Association of New Jersey (CANJ). CANJ President Mark Giannantonio highlighted the state’s lengthy struggle to legalize sports betting, emphasizing the lack of consumer protections in the illegal betting market. “Our state policymakers knew people were betting on sports, but they were doing so illegally and with no consumer protections,” he pointed out. He argued that the establishment of a legal sports betting industry in New Jersey was carefully crafted to ensure safety and economic benefits for the state, and he expressed worries that federally sanctioned prediction markets could undermine those efforts.

Similar to Nevada, New Jersey has also taken action against Kalshi, issuing a cease-and-desist order on March 27. Kalshi has countersued in New Jersey, but a scheduled hearing has been postponed to coincide with the CFTC roundtable on April 30. As the situation develops, the responses from these influential gaming states reflect the industry’s apprehension about the future of prediction markets and their potential impact on regulated sports betting. Nevada New Jersey Prediction Markets

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