New Jersey Gambling Revenue Soars in July, Online Casinos Leading the Way

Online casinos fueled the profits in July, generating a record $247.3 million, more than 25% higher than the same month in 2024Image Source: Shutterstock.com

New Jersey’s gambling industryshowed off one of its best performances yet in July, as total gaming revenue jumped to $606.2 million. This number represents a 10.7% rise compared to the same month in 2024, based on figures the Division of Gaming Enforcementreleased on August 15.

New Jersey Online Casinos Smash Records With $247M in July, Led by FanDuel and DraftKings

The profits were due to online casino operations breaking records, bringing in $247.3 million. This amount was over 25% higher than July 2024and set a new monthly record for internet gaming in the state. In 2025, so far online casinos have made $1.63 billion, which is more than 23% up from last year. Experts point out that the ongoing growth of platforms like FanDuel, DraftKings, and BetMGM has helped make New Jerseythe top US market for legal online gambling.

FanDuelkept its top spot on the digital scoreboard, bringing in $52 million in Julyrevenue, up 38% from last year. DraftKingscame in second with $48.6 million, while BetMGMearned $31.4 million. Caesars Palace Online also set a new record of $18.7 million, over 50% more than the previous year. People in the know said that the rivalry between big players has sped up new ideas and gotten players more involved, leading to growth year after year.

Atlantic City Casinos Grow in July While Sports Betting Declines

Brick-and-mortar casinos in Atlantic Cityhad a good month, too. Together, the nine establishments raked in $284.1 million, which is 4.3% more than last year. Borgatastill ruled the lot, bringing in almost $80 million, while Ocean Casino Resortgrew the fastest at over 18%. Hard Rock Atlantic Cityalso saw some gains. However, most of the city’s older gambling spots made less money than they did in the summer before COVID-19 hit, showing how much the industry now depends on its newest places.

Sports betting, however, fell behind other areas. Betting companies saw $74.8 million in earnings from bets made at casinos, racetracks, and online sites, a 6.6% drop from last July. The total amount bet for the month reached $664 million, pushing the year-to-date sports betting earnings to $626.8 million, about 4% less than in 2024.

Despite sports betting ngaking a hit, the overall performancein the first seven months of 2025has broken records. The combined revenue from all gambling types hit $3.92 billion, marking New Jersey’s highest year-to-date total ever. For July alone, the state raked in $81.7 million in gambling-related taxes,pushing the year-to-date contribution to $446.1 million.