October set a high bar for New Jersey's gambling industry, driven by the impressive performance of both online and physical casinos.
The highlight of New Jersey's October performance was the online gambling sector, known as iGaming.
New Jersey online casinos collectively raked in an unprecedented $260.3 million, surpassing the previous record of $248.4 million set in August and the strong month the industry displayed in September.
This underscores just how quickly online casino platforms are growing in The Garden State."
Which Online Casinos in New Jersey Fared the Best in October?
Leading the charge was FanDuel Casino, which set an impressive state record with a $60.9 million revenue haul. DraftKings Casino followed closely, earning $48.5 million, and BetMGM Casino rounded out the top three with $33.2 million.
Here are the top-performing online casino platforms and their reported revenue for October:
- FanDuel Casino: Led the market with a state-record monthly total of $60.9 million in revenue.
- DraftKings Casino: Was the second-highest operator with $48.5 million in earnings.
- BetMGM Casino: Finished third, reporting its highest monthly winnings to date at $33.2 million.
These top performers not only dominated the online space but also bolstered their affiliated brick-and-mortar casinos. When all is said and done, New Jersey's online casinos made more money in October than ever before.
Atlantic City's Physical Casinos Also Shine
Not to be outdone, Atlantic City's nine physical casinos had a stellar month as well.
The New Jersey Division of Gaming Enforcement reports that their combined earnings reached $234.7 million, which is more than 12% higher than the same month last year. These October figures represent the best performance for brick-and-mortar casinos in the city since 2011.
The symbiotic relationship between online giants like FanDuel and DraftKings with their land-based partners, Golden Nugget and Resorts, has shown significant benefits, pushing the latter to some of the highest totals among all Atlantic City license-holders.
New Jersey's Gambling Industry Showed Strong Growth Overall
All told, New Jersey's gambling industry, including casinos, racetracks, and partners, amassed a staggering $611.1 million in total gaming revenue for October.
This reflects a solid 22.3% growth compared to the previous year, showcasing how the gambling sector in New Jersey is not just expanding—it's thriving.
Each major gambling segment reported double-digit growth: Internet Gaming Win soared by 21.8%, Physical Casino Win rose by 12.5%, and Sports Wagering Gross Revenue surged by 49.8%. These figures highlight the diverse and robust nature of the gambling market in New Jersey.
With such strong growth and record-breaking figures, the future of gambling in the Garden State looks brighter than ever. As New Jersey continues to innovate and expand its offerings, the state remains a clear leader in the national gambling landscape.
