New Jersey Gaming Revenue Shifts Online, Overtaking Atlantic City Casinos

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New Jersey’s gaming market posted a fifth consecutive record year in 2025, with gross gaming revenue reaching $6.98 billion, up 10.8% from 2024, according to state regulators.

Woman holding a phone, digital gaming revenue of New Jersey

Key Takeaways:

  • Online casino gambling drives record-breaking gaming revenue, surpassing brick-and-mortar casinos for the first time.
  • Overall gaming revenue reaches $6.98 billion, with online contributing nearly half after tax increases.
  • Land-based casinos show mixed results amid rising digital dominance and regional competition.

Online casino gambling was the engine of growth, producing $2.91 billion, a 22% increase that for the first time exceeded the combined revenue of Atlantic City’s nine brick-and-mortar casinos. 

That shift in revenue balance comes amid renewed legislative debate in Trenton over the future of casino gambling in the state including proposals to expand casino gaming beyond Atlantic City to locations such as Monmouth Park and the Meadowlands.

State gaming taxes topped $1 billion, with online casinos contributing nearly $581.9 million of that after a July 1 tax-rate rise to 19.75%, data shows.

“A successful gaming industry benefits 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,” said James Plousis, chair of the New Jersey Casino Control Commission, per NJBIZ. 

Mixed Land-Based Gaming Revenue Amid Digital Dominance

Atlantic City’s in-person casinos posted mixed results: overall casino GGR rose 2.7% to $2.89 billion while only four properties reported year-on-year gains, with Borgata leading at $800.8 million.

Major online operators FanDuel, DraftKings and BetMGM reported double-digit growth, while some brands such as Bally Bet and PokerStars saw declines even as total iGaming revenue expanded.

Industry analysts warn that rising operating costs and imminent regional competition, including planned full-scale casinos in downstate New York, could intensify pressure on weaker Atlantic City properties and reshape market dynamics going forward.