In July, the New Jersey Division of Gaming Enforcement noted a milestone on the iGaming front, where online casino operators raked in a total of $247.3 million in adjusted gross revenue, barely beating the previous high record of May that had stood at $246.8 million. This performance represents a 26.6 percent year-to-year increase, which indicates the robustness of the digital gaming business of the state. Considering the Atlantic City casinos, online, and sports betting, July 2024 saw New Jersey bet a total of $606.3 million against the gaming revenue of the previous July 2024 of $547.8 million, or a gain of 10.7 percent. Though impressive, that figure was just under an all-time high of May of 614.7 million dollars.
The growth has helped raise state treasuries in a high number, with operators paying $48.9 million in tax collections in July and $256,4 million in the year to date up to today. New Jersey gambling has been experiencing a massive rise in popularity, and leading operators, such as GGBet casino, contribute to it by providing a wide variety of games and bets to a large flow of new customers. A current increase in the taxation rate imposed to 19.75 percent as of July 1 demonstrates that the operators now have to pay more in taxes, yet stable growth implies that the online gambling market in the said state is on a stable rising track.
Major Operators Drive New Jersey’s $247M Online Casino Record
Online casinos in New Jersey achieved a new milestone in July 2024, with an online casinos income of $247.3 million, which is not only a new record month of Internet casinos, but also a 25 percent or more increase over the same month in 2024. As of the year-to-date, internet gaming at the state has already generated a total of $1.63 billion, which is a 23 percent growth versus 2021. The analysts point out that the presence of the key platforms and growing activity of players have solidified New Jersey as the number-one regulated online gambling market in the United States.
Some of the key operators distinguished themselves in July, all posting record returns that fuelled the increase:
- BetMGM had a revenue of 31.4 million.
- Caesars Palace Online reported 50 percent coin-over-coin growth to $18.7 million.
- The other licensed operators also claimed double-digit growth.
Analysis by industry professionals shows that such an intense competitive landscape has stimulated permanent innovation and enhanced levels of player engagement, which contributed to long-term year-over-year growth of online casinos in New Jersey.
New Jersey Sports Betting and Online Casino Trends – 2025
As the online casino in New Jersey industry records ever-growing ventures, the sports betting industry is facing a negative growth trend. Wagering revenues on sport wagering fell 6.6% year-on-year to $74.8 million in July, with the cumulative figure up to 2025 at 4.3 percent to 626.8 million dollars. This will be different compared to the booming iGaming market, where operators have already generated over $1.63 billion in revenue so far this year.
Not all sportsbooks fared well, Bally s losing $228,000, Borgata losing $725,000 and Hard Rock losing $460,000. However, Caesars went against the tide with a gain of half a million, that is 551,999. New Meadowlands was the leader with sports betting revenue of $26.9 million, followed by Resorts Casino of $23.3 million. In the meantime, the Harrah, Tropicana, and Golden Nugget operators, who do not offer sports betting, are now behind in this vertical but make up the gap with a robust online casino business and do not create an imbalance.