New Jersey iGaming revenue surges to $536.6M in April 6p6ww

The figures, released by the New Jersey Division of Gaming Enforcement (DGE), showcase the growing dominance of internet gaming and raise fresh questions about the long-term resilience of Atlantic City’s traditional casino market.

NJ iGaming hits second-best month ever 3p4s5j

The standout performer was internet gaming, which brought in $235.2 million in April, up 25.2% from the same month in 2024. This made it the second-highest monthly total in New Jersey’s iGaming history, just shy of the all-time record set in March.

FanDuel Casino led the pack with $52.9 million in revenue (up 35.3% year-on-year), followed by DraftKings at $46.9 million (+19.5%) and BetMGM at $29.6 million (+27.9%). 

Promotional spending also remained high, nearing $21 million in April, suggesting that aggressive customer acquisition remains a priority for leading brands.

The online sector’s strength is part of a broader national trend. As we reported previously, US online casino revenue hit an all-time high of $905.6 million in March, signaling the maturation of iGaming markets across multiple regulated states.

Land-based casinos post weakest April in years 643x28

Despite stable visitation, Atlantic City’s nine brick-and-mortar casinos reported $211 million in total win, a 2.7% drop from April 2024 and one of the worst April performances in recent memory. 

The decline was primarily driven by a 16% slump in table games revenue, though slot machine revenue saw a modest 2.1% increase.

Only three casinos, Borgata, Hard Rock, and Ocean, managed year-on-year gains. 

Borgata edged up 0.3% to $58.6 million, Hard Rock rose 1% to $41.5 million, and Ocean posted a 6% increase to $30.6 million. Meanwhile, Bally’s saw a steep drop of nearly 22%.

Jane Bokunewicz, director of the Lloyd D. Levenson Institute at Stockton University, described April as “another worrisome month” for Atlantic City’s legacy operators. 

Speaking on the shift between land-based and digital gambling, she said; 

The growing gap between internet gaming and in-person revenue is a structural shift that can’t be ignored.

Sports Betting Revenue Falls, FanDuel Still Leads 6u5459

April was also tough for sportsbooks. 

Gross revenue from sports betting dropped 14.8% year-over-year to $90.5 million, with the total monthly handle just under $1 billion. Online sports betting made up the vast majority of the action, though operators kept less than 9% after payouts.

FanDuel led the market with $31.8 million in revenue, down 16% from April 2024, while DraftKings reported $22.3 million, an 18.3% increase. BetFanatics made a strong showing with $12.9 million in just its first year of operations.

Year-to-date, New Jersey sportsbooks have generated $357.6 million, representing a 17.6% decline from 2024.

Hopes for a summer rebound 1j6711

Despite ongoing challenges, officials remain hopeful that the summer tourist season will bring a boost to in-person casino activity. 

James Plousis, chairman of the Casino Control Commission, remained optimistic despite the slum in land-based casino revenue;

Tourists who visit Atlantic City receive first-class service from dedicated workers. We’re optimistic about the months ahead.

Still, the April results highlight the growing urgency for Atlantic City casinos to invest in unique, in-person experiences to remain competitive. 

With iGaming revenue suring land-based casino revenue for the fourth time ever, and the third time this year, the pressure is mounting to adapt or fall further behind.