New Jersey Gaming Revenue Reaches Over $581 Million in June

Online casinos and sports betting were key drivers of massive growth.

Ziv Chen

Last Updated: July 17, 2025 1:46 PM EDT • 2 minute read

New Jersey Gaming Revenue Reaches Over $581 Million in June — Pictured: NJ/NY Gotham FC forward Geyse is greeted by forward Esther González after scoring a goal. Photo by John Jones via Imagn Images.

New Jersey reported $581.6 million in total gaming revenue for June 2025, which is more than an 18% increase year-on-year for the state’s gaming industry.

New Jersey online casinos and New Jersey sports betting were key drivers of this massive growth, with the former’s revenue rising by 23.5% to $230.7 million, and the latter surged 52.9% to nearly $92 million.

However, most of the monthly revenues were generated by land-based casinos, which collected $259 million. Borgata led all Atlantic City properties with $76.7 million in casino revenues, a 19.4% year-on-year increase. However, Ocean Casino Resort Atlantic City posted the most significant revenue increase, jumping by over 30% from $33.5 million to $43.5 million.

Online operators like FanDuel and DraftKings topped the charts in real-money online casino and New York sports betting app revenues. FanDuel, in particular, has experienced significant growth in online casino revenue, generating $53.3 million. That’s a 48.2% jump. The company also led with $35.8 million in revenue.

Admittedly, these figures are marginally lower compared to May's record-setting revenue, which totaled $614.7 million.

New Jersey Governor increases online gambling taxes

While gaming in New Jersey continues to grow, lawmakers have recently agreed on measures to extract more benefits from these revenue totals. New Jersey lawmakers approved a set of tax hikes aimed at filling the aforementioned city coffers. Under the new measures, the tax rate for online casino winnings and sports wagers will rise to 19.75% from 15% and 13%, respectively.

The move follows Gov. Phil Murphy’s earlier budget proposal to raise online gambling taxes as high as 25%. However, some lawmakers and business groups have raised concerns about how the new taxes might affect Atlantic City’s competitiveness, so the lawmakers opted for a lower figure, citing industry feedback.

The Chair of the Senate Budget Committee, Senator Paul Sarlo, also stated that the decision to increase taxation isn’t easy. However, he also emphasized the need to preserve the state’s $6 billion surplus heading into the next administration, thus helping Sen. Paul Sarlo to keep his pledge and pass the surplus to the next governor, as he leaves office in January.

The new move is expected to generate more than $300 million in additional state revenues in the coming fiscal year. While this sounds great on paper, these changes are likely to have ripple effects across the entire regional gambling industry, potentially affecting investor confidence.

Written by:
Ziv Chen

Ziv has over two decades of experience in the igaming and sports betting industry, having served in senior marketing and business development positions with both B2C and B2B companies, including Playtech and Microgaming. In 2019, Ziv decided to pursue his passion for writing and became a fulltime industry journalist, covering casino, sports, and gambling business news. He’s specialties include casino games and technology, US state gambling regulation, company performance, as well as gambling affiliates and marketing. As a Pitt graduate, Ziv is a diehard fan of all Pittsburgh sports teams, with the Steelers at the top of the list. In his free time, he enjoys reading crime fiction, biographies (mainly of sports personalities, but not only) and American history. Ziv’s Favorite quote: “We're going to pursue perfection, knowing full well we won't catch it, but we're going to relentlessly chase it," Mike Tomlin, Pittsburgh Steelers Head Coach.