New Jersey Online Casinos Set A New Record In July With $247.3 Million In Revenue

The New Jersey Division of Gaming Enforcement announced on Friday that digital casino operators generated $247.3 million in adjusted gross revenue during July, setting a new monthly record, after a new standard had just been set in May with $246.8 million.

July’s figure represents a healthy 26.6% increase compared to the same period last year and contributed to an impressive overall gaming performance across New Jersey. When combined with Atlantic City casinos, online gaming, and sportsbooks, the Garden State recorded $606.3 million in total gaming revenue for July — a 10.7% year-over-year increase from the $547.8 million reported in July 2024.

That number, however, fell short of the all-time number, which was also set in May at $614.7 million.

The first seven months of 2025 have been particularly strong for online casino operations, with year-to-date revenue reaching $1.63 billion, marking a 23.3% increase from the corresponding period in 2024. This growth translated into substantial tax benefits for the state, with online casino operators contributing $48.9 million in tax receipts for July alone. Year-to-date, the state has collected $256.4 million in taxes from online casinos.

As the new fiscal year began on July 1, both online casino and digital sports betting operations now face an increased tax rate of 19.75%.

FanDuel first, again

The competitive landscape has shifted significantly over the past year. Twelve months ago, FanDuel Casino held a clear second position behind DraftKings in operator revenue. Today, these digital giants have reversed positions, with FanDuel now leading the market, and it continued to do so in July.

FanDuel achieved its fifth consecutive month above $50 million, reaching $52 million in July winnings. This represents an impressive 37.8% increase from July 2024, while its 2025 total of $358.7 million reflects 31% growth. FanDuel has established a $34.8 million lead over DraftKings year-to-date, a remarkable turnaround from finishing nearly $13 million behind its primary competitor in 2024.

DraftKings reported similar, if smaller, growth for July, with revenue of $48.6 million representing a 16.8% year-over-year increase. While the operator has maintained double-digit annual growth at 12.9%, reaching $323.9 million for the first seven months of 2025, it now trails FanDuel in the market race.

A strong second tier

BetMGM crossed the $30 million revenue threshold for the third time, generating $31.4 million, its second highest total ever, trailing only its $31.6 million performance in March. The operator’s winnings increased 24.3% from the previous year, and it’s at $212.4 million year-to-date, a 34.5% year-over-year increase.

Borgata just missed extending its eighth straight month of exceeding monthly revenue of at least $20 million, coming in a whisper below, at $19.98 million. 

Caesars Palace Online had a banner month, with its $18.7 million representing a 53.3% increase from the previous year. This marked the platform’s highest performance to date, besting April’s near-$18 million result. Caesars has now achieved five consecutive months with revenue exceeding $15 million.

Hard Rock completed the top-tier group with $13.4 million in winnings, a notable 29.4% increase. 

Best of the rest

Fanatics Casino, with another increase like it saw in July, will join the above tier next time, as the growing operator booked a month of $12.4 million in revenue. This is by far its highest total to date, blowing away April’s $7.4 million.

July witnessed an ongoing shift in the mid-tier market, with BetRivers outperforming Golden Nugget for the second consecutive month. BetRivers claimed $9.1 million, while Golden Nugget generated $7.9 million. The Rush Street Interactive platform saw revenue increase 39.6% year over year, while Golden Nugget experienced a 8.5% decline in winnings.

Bally’s completed the group of operators surpassing $5 million in revenue, posting $5 million despite a 12.2% decline from the previous year. Notably, Bally’s stands as the only top-10 operator showing decreased year-to-date winnings, with its $35.8 million total falling 12.6% below the 2024 number.

Atlantic City brick-and-mortar success

Traditional Atlantic City casinos also performed well, with overall revenue increasing 4.3% year-over-year to $284.1 million, once again driven by the Borgata’s exceptional performance. The Borgata experienced a 5.2% surge in winnings to $76 million. The marina casino generated nearly $21 million from table games.

Overall, Atlantic City’s casinos have brought in nearly $1.67 billion in casino wins this year thus far, marking a 2.2% increase year-over-year.