In April, New Jersey's iGaming revenue came very close to breaking the state's all-time record.
New Jersey April
In New Jersey, gambling income went up 5% from April to April, thanks to growth in the iGaming industry that made up for losses in the sports betting and land-based casino markets.

The month's total income was $536.6 million. This was more than $510.9 million in April 2024 but 1.7% less than March of this year.

Once again, iGaming was the best in New Jersey, bringing in more money than land-based casinos. But data from the New Jersey Division of Gaming Enforcement showed that the larger market couldn't develop any further since other markets were going down.

iGaming revenue is almost at an all-time high.
iGaming brought in $235.2 million, which is 25.2% more than last year. This was also only slightly less than the record of $243.9 million set in March of this year.

This included $232.8 million from "other authorised games," such slots, which was a 25.4% increase. Online poker made the other $2.4 million, which is a 3.2% increase.

Golden Nugget and FanDuel Atlantic City stayed on top of the market, bringing in $52.9 million, a 35.3% increase. DraftKings and Resorts Casino Hotel came in second with $46.9 million, a 19.5% increase.

Next were BetMGM and Borgata, which made $29.6 million from iGaming. Borgata's own brand came in third with $20.8 million. Caesars and Tropicana Atlantic City rounded out the top five with $15.9 million.

In New Jersey, sports betting is going down.
While the online casino sector continues to grow, the sports betting market has seen another drop. The company's revenue was $90.5 million, which is 14.8% less than the same time last year.

Online sports betting made $87.9 million, which is 15.7% less than last year. However, the retail sector did better, with sales rising 34.1% to $2.6 million.

Monthly handle, or the amount spent, was $994.4 million. This was 1.5% less than last year and 10.4% less than March. Online bets totalled $954.1 million, while retail bets totalled $40.4 million.

Because of this, the state hold for the month was 9.1%.

FanDuel and Meadowlands were again the leaders in revenue, bringing in $31.8 million. There is no public information about how much each operator makes.

With $22.8 million, DraftKings and Resorts Casino Hotel came in second, followed by BetFanatics and Bally's with $12.9 million. BetMGM and Borgata made $7.1 million, and Bet365 and Hard Rock rounded out the top five with $5.6 million.

Meadowlands was far ahead of the rest of the market in retail, at $1.7 million.

Online casinos are getting ahead of land-based ones.
The monthly report also said that land-based casinos made $211 million, which is a 2.7% reduction. In New Jersey, casinos used to be the main source of gambling money, but iGaming has made them less important.

The money made from slot machines went up by 2.1% to $162.2 million, whereas the money made from table games went down by 16% to $48.8 million.

The monthly total for taxes was more than $59.8 million. This comprised $35.3 million from the iGaming industry, $12.7 million from land-based casinos, $11.5 million from online sports betting, and $212,287 from retail sports betting.