New Jersey gaming income hits file $6.98B in 2025

The fundamentals:

• New Jersey gaming income reached a file $6.98B in 2025, up practically 11%
• Internet gaming surpasses in-person on line casino win for the primary time
• Sports wagering gross income totals $1.18B in 2025
• Borgata, Hard Rock, Ocean Casino led on line casino win for the yr

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The New Jersey Division of Gaming Enforcement launched its December gaming report Jan. 16, providing insights into the ultimate month of 2025 in addition to total-year figures.

“In 2025, New Jersey’s total gaming revenue reached a record-high $6.98 billion,” mentioned New Jersey Casino Control Commission Chairman James Plousis of the 2025 efficiency. The determine marks a virtually 11% achieve versus 2024 gaming income. “Annual growth in all three categories – casino win, internet gaming win, and sports wagering revenue – contributed to push total gaming revenue above the prior record of $6.3 billion in 2024.”

In 2025:

• Casino win for the 9 properties: $2.89 billion (up 2.7% over 2024)
• Internet gaming win: $2.91 billion (up 22% versus 2024)
• Sports wagering gross income: $1.18 billion (up 7.5% over 2024)

“Annual brick-and-mortar gaming revenue has remained essentially flat since 2022, while internet gaming continues to grow exponentially – eclipsing brick-and-mortar gaming for the first time in 2025,” mentioned Jane Bokunewicz, college director of the Lloyd D. Levenson Institute of Gaming, Hospitality, and Tourism (LIGHT), Stockton University School of Business, in her evaluation of the gaming report.

“This contrast between industry segments is indicative of a maturing brick-and-mortar market and an internet gaming market that is still growing,” she continued.

Key figures within the December 2025 report embody (with year-over-year development):

• Casino win: $216.1 million down 6.7%
• Internet gaming win: $273.2 million up 19.8%
• Sports wagering gross income: $116.3 million up 85%
• Sports wagering deal with: $1.06 billion
• Total gaming income: $605.6 million up 15.9%
• Total gross income taxes: $89.9 million
• Top performing properties by on line casino win:
  • Borgata – $60.3 million down 3.9%
  • Hard Rock – $40.5 million down 5.5%
  • Ocean Casino – $37 million up 6.7%
• Top performing properties by on line casino win for 2025:
  • Borgata – $800.8 million up 8.5%
  • Hard Rock – $550.8 million up 1.1%
  • Ocean Casino – $468.1 million up 14.3%

“This contrast is especially clear in a month like December 2025 when winter weather events and New Year’s Eve falling mid-week appears to have had an impact in casino operator’s brick-and-mortar returns for the month (down 6.7% compared to December 2024),” Bokunewicz continued. “Internet gaming revenues, nonetheless, continued to develop unhindered.

“Without diminishing the returns from traditional gaming, internet gaming and sports wagering continue to grow, representing an ever-increasing share of total gross gaming revenue for casino operators. In 2021, these new gaming segments represented 40% of total revenues for the year, four years later they now represent 55%.”

Plousis echoed these sentiments.

“Internet gaming win set a monthly record in December and, for the first time, annual internet gaming win exceeded in-person casino win,” mentioned Plousis. “Atlantic City‘s annual casino win grew 2.7% compared to 2024, achieving its best result since 2012 – demonstrating that in-person and online gaming can succeed together.”

Casino challenges

Bokunewicz famous the challenges that Atlantic City operators face by way of rising prices and profitability.

“News from Atlantic City’s casino operators continues to be bittersweet as record year-end total gross gaming and near-term record annual brick-and-mortar gaming revenues mask other market challenges,” mentioned Bokunewicz. “Operators proceed to battle with elevated labor prices and will increase in the price of items and companies.

“These and other factors will likely draw net revenue and gross operating profits down. We will not get a full picture of the industry’s 2025 performance until net revenues and gross operating profits are reported later this spring.”

Gains vs. declines

She identified that efficiency diversified among the many operators. Bokunewicz famous 4 noticed year-over-year beneficial properties in year-end brick-and-mortar gaming revenues (Borgata, Hard Rock, Harrah’s and Ocean Casino), and 5 realized year-over-year declines (Bally’s, Caesars, Golden Nugget, Resorts and Tropicana).

“However, all seemed to have struggled in December 2025 with all but one (Ocean Casino) recording month-over-month decreases in brick-and-mortar revenues,” mentioned Bokunewicz.

Plousis confused {that a} profitable gaming trade advantages all of New Jersey.

“It has sparked investment in Atlantic City’s convention, tourism, and entertainment centers, creating jobs and producing new economic activity across South Jersey,” mentioned Plousis. “State-wide, gaming-funded contributions to programs that benefit seniors and disabled residents topped $800 million in 2025 – an increase of 33% compared to 2024 – and total annual gaming taxes topped $1 billion.”