Gambling revenue in New Jersey increased by 5% year-on-year during April, with growth in the iGaming sector offsetting declines across both the sports betting and land-based casino markets.

Total revenue for the month amounted to $536.6 million. This was ahead of $510.9 million in April 2024 but 1.7% behind March this year.

Again, iGaming was king in New Jersey, ranking ahead of land-based casinos in terms of total revenue generated. However, further growth for the wider market was once more prevented by declines elsewhere, data from the New Jersey Division of Gaming Enforcement showed.

Revenue from iGaming falls just short record

Revenue from iGaming totalled $235.2 million, up 25.2% from the previous year. This was also only marginally short of the $243.9 million record posted in March this year.

Of this, $232.8 million came from “other authorised games”, including slots, an increase of 25.4%. The other $2.4 million was generated by online poker, up 3.2%.

FanDuel and Golden Nugget Atlantic City maintained the market lead, posting $52.9 million in revenue, up 35.3%. DraftKings and Resorts Casino Hotel were second with $46.9 million, a rise of 19.5%.

BetMGM and Borgata were next with $29.6 million in iGaming revenue, followed by Borgata’s own brand with $20.8 million. Caesars and Tropicana Atlantic City completed the top five at $15.9 million.

Sports betting sees declines in New Jersey

In contrast to continuing growth in online casino was another decline in the sports betting market. Revenue was 14.8% lower year-on-year at $90.5 million.

Online sports betting revenue dropped 15.7% to $87.9 million, but there was better news from the retail sector, with revenue up 34.1% to $2.6 million.

Spending-wise, monthly handle amounted to $994.4 million. This was 1.5% behind last year and 10.4% behind March. Online betting wagers reached $954.1 million, with retail spend at $40.4 million.

As such, state hold for the month was 9.1%.

Turning to operators, FanDuel and Meadowlands were again the frontrunners with $31.8 million in revenue. Data is not published on handle for individual operators.

DraftKings and Resorts Casino Hotel were second with $22.8 million, then BetFanatics and Bally’s on $12.9 million. BetMGM and Borgata took $7.1 million in revenue, while Bet365 and Hard Rock completed the top five with $5.6 million.

In terms of retail, Meadowlands led the market by some distance at $1.7 million.

Land-based casinos fall further behind online

Also detailed in the monthly report was a 2.7% drop in land-based casino revenue to $211 million. Casinos were traditionally the main source of gambling revenue in New Jersey, but the explosion of iGaming has seen them slip to second.

Slot machine revenue was 2.1% higher at $162.2 million but table games revenue dropped by 16% to $48.8 million.

In terms of tax, the monthly total topped $59.8 million. This included $35.3 million from the iGaming sector, $12.7 million land-based casinos, $11.5 million online sports betting and $212,287 retail sports wagering.