A 16.8% year-on-year increase in iGaming revenue in New Jersey pushed overall revenue in the Garden State’s gambling market up to $586.4 million in January.
Total revenue was 5.9% more than in January last year, the New Jersey Division of Gaming Enforcement said. However, it fell 3.2% short of the total for the final month of 2025.
Year-on-year growth came on the back of increases across both iGaming and the land-based casino market. However, progress was slowed a little by a decline in sports betting revenue.
New Jersey falls short of iGaming record
Beginning with iGaming, revenue here amounted to $258.9 million. This beat the previous year by 16.8% but was behind December’s all-time record of $273.2 million.
Some $256.3 million of total iGaming revenue was attributed to “other authorised games”, meaning both online slots and table play, with this up 17.1% from January 2025. However, online poker revenue slipped 2.2% to $2.6 million.
FanDuel and partner Golden Nugget maintained the lead in the iGaming market with $58.9 million in total revenue, up 18.5%. DraftKings and Resorts World were second with $48.6 million, a rise of 10.3%. BetMGM and Borgata placed third with $33.8 million, 17.3% higher than January last year.
Sport betting revenue slips 6.5%
Turning to sports betting, revenue in this segment was down 6.5% to $114.2 million. Online revenue fell 5.3% to $112.3 million while retail wagering revenue declined by 47.1% to $1.9 million.
Handle-wise, player spending on sports betting in January topped $1.03 billion, down 10.4% year-on-year. Of this, $999.2 million was bet online and $35.2 million at physical sportsbooks across New Jersey. As such, hold for the month stood at 11.04%.
FanDuel and Meadowlands again led the way among online operators with $104.6 million in revenue, a rise of 1.7%. DraftKings and Resorts World stayed second at $79.2 million, down 0.6%. BetMGM and Borgata placed a distant third with $22.9 million, though this was 112.6% more than in 2025.
New Jersey does not publish individual handle breakdowns for operators, meaning it is not possible to calculate hold for each licensee.
Land-based casinos lag behind iGaming
As for land-based casinos, revenue edged up 1.6% to $213.3 million. Despite this increase, the sector – traditionally New Jersey’s core source of gambling revenue – again played second fiddle to iGaming.
Some $150.6 million of all land-based casino revenue came from slot machines, up 3.5% from January 2025. However, table games revenue dipped 2.9% to $62.7 million.
As for tax, the state’s total collected from commercial gaming for January stood at $97.1 million. This included $57.4 million from iGaming, $23.9 million sports betting and $15.7 million land-based casinos.
Original article: https://igamingbusiness.com/finance/new-jersey-gambling-revenue-rises-january/
