New Jersey Online Casino Revenue Again Tops $250 Million

The New Jersey Division of Gaming Enforcement reported on Monday $251.8 million in online casino revenue for February, narrowly extending the Garden State's streak of months with at least a quarter-billion dollars in operator winnings to five.

Though this will likely be the 2026 low due to February having the fewest days of any month, the figure was still 21.2% higher than last year. It is also the fifth-highest total in state history as the previous four months have seen figures of $253 million or better.

Online casino was the only gaming vertical to post a year-over-year gain in revenue. The $202.9 million in Atlantic City win was off by 0.3%, and the $66 million accrued by sportsbooks was 10.3% lower. The $520.8 million in total gaming win for Garden State licensees represented a 7.4% increase from February 2025.

The state collected $84.4 million in gaming taxes, including $55.7 million via online casino operators. The $402 million in digital casino receipts for the current fiscal year, boosted by former Gov. Phil Murphy's tax rate increase to 19.75% last year, is running $149.3 million ahead of the pace for Fiscal Year 2024-25.

The growing digital divides

Weather may have played a part in Atlantic City's flat casino numbers given the blizzard that socked New Jersey during February. But the first two months of the year have shown both gaming verticals to be consistent; Atlantic City licensee revenue is flat versus early 2025, and their online counterparts continue to enjoy double-digit growth.

The $510.7 million in digital revenue accumulated the first two months of 2026 is up 18.9%, and the $416.2 million in retail winnings represents only a 0.7% uptick. Additionally, the $94.5 million gap between the two groups is already a six-fold increase from the $15.8 million posted in 2025. The pair were separated in 2025 calendar year revenue by only $17.1 million as both verticals hovered around $2.9 billion.

At this point last year, FanDuel was wresting away control of the revenue top spot from DraftKings. It now holds an iron grip on that throne: The juggernaut's $58 million haul was up 31.6% from the previous February.

FanDuel opened up a sizable gap on its eternal rival as DraftKings had a more modest 5.1% increase in revenue to $45.3 million. The early year-to-date increases follow February's pattern with FanDuel ($116.9 million) winnings already up 24.6% compared to the first two months of 2025 and DraftKings ($93.9 million) up 7.7%.

Scoping out the other operators

The Borgata-based tandem of BetMGM and its internal digital platform extended their respective monthly streaks of $30 million and $20 million to 10 and seven. BetMGM had to sweat out its run more, but the $30.7 million also represented an 8.7% upswing from last February. The Borgata had a 5.8% bump to $21.2 million.

The real growth for digital revenue in February came from the third tier as Caesars Palace ($18.8 million), Hard Rock ($16.2 million), and Fanatics Casino ($12.3 million) all posted year-over-year growth of 27.5% or higher. In the case of Fanatics, winnings surged 172.5% as the operator attained its first three-month streak of eight-figure revenue totals since launching via Bally's in May 2024.

Among Atlantic City tethers, Golden Nugget's trio of skins combined for a state-best $76.9 million. Beyond FanDuel, its internal platform saw revenue surge 40.6% to $9.9 million, and BetRivers posted gains of 30.3% to land just shy of $9 million.