New Jersey sets $260 million iGaming record in October

Summary

New Jersey’s iGaming segment hit an all-time high in October, generating $260.3m and driving the Garden State’s total gambling revenue to $611.1m for the month — up 22.3% year-on-year. The New Jersey Division of Gaming Enforcement reported growth across all market verticals: iGaming, sports betting and land-based casinos.

Online slots and table games accounted for the bulk of iGaming revenue ($257.7m), while online poker rose to $2.6m. FanDuel/Golden Nugget led operator revenues, followed by DraftKings/Resorts World and BetMGM/Borgata. Sports betting revenue surged 49.8% to $116.1m, with online wagers making up the vast majority of handle. Land-based casinos posted double-digit growth as well.

Key Points

iGaming revenue reached a record $260.3m in October, surpassing the previous high set in August.
Total New Jersey gambling revenue for October was $611.1m, up 22.3% year-on-year and 8.4% above September.
Online slots and table games generated $257.7m; peer-to-peer internet poker rose 11.1% to $2.6m.
FanDuel/Golden Nugget led operator revenues with $60.9m; DraftKings/Resorts World posted $48.5m; BetMGM/Borgata $33.2m.
Sports betting revenue jumped 49.8% to $116.1m, driven by $1.19bn in online handle; retail betting also rose sharply.
Land-based casino revenue totalled $234.7m, a 12.5% increase year-on-year.
Year-to-date (10 months) totals: $5.74bn in gambling revenue, with iGaming at $2.39bn and sports betting at $914.6m.

Why should I read this?

Short version: New Jersey just smashed its iGaming record — and that matters if you work in online gaming, payments, regulation or investment. This quick read tells you who’s winning, where the growth came from, and why the state’s online-first mix is reshaping revenue shares.

Context and relevance

This result underscores an ongoing shift towards online gambling in one of the US’s largest regulated markets. Strong iGaming growth — together with a big uplift in sports betting — signals increasing consumer preference for digital channels, higher operator competition, and larger taxable receipts for the state. For operators, suppliers and investors the figures highlight where market share is consolidating and where product focus (slots/table games vs poker vs sports) is paying off.

Author style

Punchy: this is a headline number that deserves attention. If you follow US regulated markets or supplier strategy, dig into the operator splits and month-on-month trends — they show who’s capitalising on online demand and where the market might head next.

Source

Source: https://igamingbusiness.com/finance/new-jersey-igaming-record-october/