New Jersey iGaming Revenue Hits Record $260 Million In October

The New Jersey Division of Gaming Enforcement reported a record $260.3 million in internet casino revenue for October on Monday, finally eclipsing one quarter-billion dollars after flirting with the benchmark for much of 2025.

Garden State platforms had ranged between $243.2 million and $248.4 million on five occasions this year, peaking in August. Led by FanDuel Casino’s state-record $60.9 million, October’s collective haul represented a 21.8% year-over-year increase.

That should come as a relief to operators after a September’s total was a softer 16.8% increase from 2024. The nearly $2.39 billion in year-to-date revenue is less than $2.1 million shy of the full-year total reported in 2024.

Another record revenue total meant another record in iGaming tax receipts for New Jersey coffers, which saw an inflow of $51.5 million. The 19.75% rate that took effect July 1 at the start of the fiscal year has generated $197.7 million worth of receipts its first four months in place.

New Jersey gaming revenue when combining iGaming, sports betting, and Atlantic City casinos totaled $611.1 million for October, a 22.3% spike higher compared to 12 months earlier. All three verticals had double-digit, year-over-year percentage gains as sports betting soared 49.8% to $116.1 million and brick-and-mortar winnings were up 12.5% to $234.7 million.

FanDuel furthers its break from the pack

The bellcow of Golden Nugget’s online casino tethers, 2025 has been a banner year for FanDuel. While it joined eternal rival DraftKings in being the first operators to surpass $50 million in monthly earnings last December, FanDuel is the only iGaming platform in New Jersey to clear both $55 million and, now, $60 million.

October’s revenue total marked a 26.1% increase from last year, and FanDuel’s $533.4 million in winnings accrued in the calendar year is up 30.5% compared to the first 10 months of 2024. It eclipsed its full-year 2024 revenue and surpassed $1 billion in revenue dating back to the start of last year when the DGE first began publishing revenue figures by operator.

FanDuel’s banner October provided most of the combined record $79.9 million revenue from the five platforms operating under brick-and-mortar license-holder Golden Nugget. GN’s internal platform chipped in $10.6 million, while BetRivers added another $8 million.

DraftKings still no. 2, but with smaller growth

DraftKings is on an island as New Jersey’s second-ranked operator for casino revenue. It has been chasing a second $50 million total all year but was again rebuffed in October by falling $1.5 million short.

That $48.5 million represented a 6.3% increase year-over-year, but that is tracking below the overall 11% year-to-date bump in winnings. DraftKings has recorded five revenue totals between $48 million and $49.6 million in 2025. The $56.6 million total accrued by Resorts’ tethers was second-highest in its history, trailing the $58.4 million claimed last December.

The Borgata, meanwhile, rode BetMGM‘s record winnings of $33.2 million to the no. 2 spot among Atlantic City license-holders, pipping Resorts with an all-time monthly high of $58.9 million. BetMGM reported a 30.2% increase in revenue from last year, while the Borgata’s own platform rounded out the quartet of operators to surpass $20 million. It had a 33.3% bump in winnings to $21.9 million, slotting second in its ledgers to the $22.4 million won in March.

The Fanatics Casino yo-yo spins back up

While FanDuel and DraftKings have shown varying levels of consistency in 2025, Fanatics has been all over the map the last five months.

It has a revenue range of $9.4 million in that span after posting a record $13 million in winnings for October. That was a 250.4% increase from last year and also more than double the $5.1 million claimed in September. Fanatics has posted three eight-figure revenue totals in the last four months but also has three below $5 million in the calendar year.

Caesars Palace ($16.9 million) and Hard Rock ($14.3 million) rounded out a group of eight platforms that topped $10 million in revenue. The latter nudged its all-time record higher by nearly $133,000, while the former posted a 15.4% uptick in revenue.