New Jersey reports March total gaming revenue $546.1M, up 3.7%

FanDuel led the digital market with $52.3m in revenue, up 25.7%, followed closely by DraftKings at $49.6m (up 20.3%) and BetMGM, which posted the most substantial growth of the group at 42.8%, generating $31.6m. 

The strong performance in online gaming contrasts with declining results across land-based and sports wagering sectors, continuing a trend seen earlier in 2025. In February, overall revenue grew by 5.1%, but physical casino win fell 3.8%. 

Casino win down despite strong performance from Borgata 

Casino revenue for March reached $230.9m, down 3.7%. Slot machine win showed resilience, rising slightly by 0.5% to $173.6m. However, table games dragged the total down, falling 14.6% to $57.3m. 

Borgata Hotel Casino & Spa was the top-performing land-based property, generating $58.4m – a 3.3% increase. Hard Rock Atlantic City was the only other venue to post growth, rising marginally by 0.2% to $44.5m. 

In contrast, Ocean Casino Resort posted a 14.8% decline to $34.7m. Caesars Atlantic City fell 10% to $16.7m and Golden Nugget saw a 13.8% drop to $11.8m. Harrah’s reported $21m, down just 0.1%. 

Sports wagering revenue contracts sharply 

Sports betting revenue fell 20.5% to $71.3m, continuing the downward momentum observed in previous months. Online wagering accounted for the bulk of the total, at $68m (-20.6%), while retail betting generated $3.3m, a 17.3% decline. 

FanDuel remained the top online sportsbook operator in March, reporting $23.4m in revenue – a 20.7% drop from the same period in 2024. However, both DraftKings and BetMGM managed to grow their online sports wagering revenue by 13.4% and 35.8%, respectively, reporting $19.9m and $8m. 

New entrants like BetFanatics and Bally Bet generated $4.4m and $172,200, respectively, after not operating in the state during March 2024. 

On the retail side, Borgata reported the highest sports betting revenue at $308,400, representing a 114.1% increase. Harrah’s and Ocean Casino followed with respective increases of 49.5% and 802.7%, earning $235,500 and $229,800. 

However, racetrack venues struggled. Meadowlands Racetrack, which includes FanDuel’s retail sportsbook, generated over $2m – down 11.8% from March 2024.  

Monmouth Park contributed $432,400, while Freehold Raceway did not report revenue for the month, following a $214,000 total the year prior. 

The state’s total sports wagering handle surpassed $1.1bn in March, with the year-to-date handle now nearing $3.25 billion. 

Ongoing shift towards digital dominance 

March’s results reflect a broader trend of digital dominance within New Jersey’s gaming sector. While iGaming posted another month of double-digit growth, land-based casino win continued to decline – a reversal of past years when physical properties formed the industry’s backbone. 

The figures also follow February’s gaming revenue total of $484.8m, where online gaming accounted for the largest segment at $207.8m. In January, iGaming grew 20.9%, even as total revenue slipped slightly by 0.9%. 

With FanDuel, DraftKings and BetMGM driving the state’s digital gains, attention now turns to how the sector will balance regulatory developments and the need to support Atlantic City’s physical casino infrastructure amid changing consumer behaviour.