New Jersey Gaming Revenue Sets Another Annual Record, as iGaming Growth Persists
Posted on: January 17, 2026, 10:48h.
Last updated on: January 17, 2026, 10:48h.
- New Jersey gaming revenue reached a new record in 2025
- Gamblers in the Garden State lost over $6.9 billion last year
- Atlantic City casinos experienced mixed results
New Jersey, the second-richest gaming state in the country behind only Nevada, set yet another annual revenue record in 2025.
The New Jersey Division of Gaming Enforcement reports that 2025 gross gaming revenue (GGR) from the nine Atlantic City casinos, iGaming, and retail and in-person sports betting totaled $6,982,549,243. That marked a 10.8% surge on 2024, a difference of more than $683.2 million
2025 marked the fifth consecutive year in which gaming win in New Jersey reached a new high.
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.
State gaming taxes to the Casino Revenue Fund, which primarily benefit seniors and disabled residents, exceeded $1 billion last year.
iGaming Soars, Mixed Casino Results
The 2025 gaming rally was, again, propelled by online casino gambling. New Jersey’s iGaming platforms won more than $2.91 billion from remote players, a 22% premium on the prior year.
Online casinos capped off the year in unprecedented fashion, as December GGR of almost $273.2 million was a record month. For the year, iGaming, for the first time, won more money from players than did the nine physical casinos down the shore.
The casinos fared well, too. Despite a poor December where in-person play slowed almost 7%, 2025 casino GGR of $2.89 billion represented a 2.7% year-over-year increase. Slots grew revenue by 1.7% to $2.13 billion, while tables increased GGR 5.7% from 2024 to $762.5 million.
However, only four of the nine casinos won more money from in-person play last year. Borgata remained the dominant operator, with GGR of $800.8 million, an 8.5% surge on 2024. Hard Rock ($550.8 million, up 1.1%), Ocean ($468.1 million, up 14.3%), and Harrah’s ($225 million, up 0.5%) were the only other casinos to see in-person revenue improve.
Bally’s was the biggest loser, with the casino seeing GGR slow 8.5% to $133 million. Golden Nugget’s in-person play was 7.7% lower at $135.8 million, Caesars revenue was down 6.7% to $203.8 million, Tropicana was down 4.9% to $216.8 million, and Resorts was down 1.2% to $159.9 million.
2026 Outlook
The Atlantic City casino market managed to grow revenue in 2025, but the years ahead face challenges. Three full-scale casinos are in the works in downstate New York, including two in Queens and one in the Bronx.
The downstate New York region has long been a critical feeder market for Atlantic City. How much the Queens and Bronx casinos will impact Atlantic City remains to be seen, but the properties will almost certainly hurt the casino beach town.
Paired with higher overhead for employees and the costs of goods and services, Atlantic City’s bottom feeders, chiefly, Bally’s, are seemingly at risk of closing in the coming years.
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