DGE, New Jersey’s RMG regulatory division, has released a monthly financial report on the state’s casino and betting industry for April 2025. It was declared that the revenue reached $536 million, 5% up from last year’s same period.
Key Notions from the Document
More than half of the total earnings came from online gambling and sportsbooks, reflecting a trend that has been established locally. Analysts say the continued growth of the internet niche may further weaken Atlantic City’s land-based businesses.
Situation in the Digital Vertical
The sector’s turnover increased by over 25% YoY and exceeded the $235 million mark, the 2nd-highest monthly record in the state.
The list of the highest-grossing niche brands included:
- FanDuel — 52.8 million (35% up);
- DraftKings — 47 million (19.5% up);
- BetMGM — 29.6 million (28% up).
Ground Segment’s Performance
New Jersey’s 9 offline casinos earned $211 million for the reporting period, a 2.7% fall from a year earlier. It is the 3rd time since the start of 2025 that iGaming revenues have exceeded those of stationary establishments.
Atlantic City’s largest physical properties are:
- Borgata, with a monthly income of $58.5 million (up 0.3% YoY);
- Hard Rock, with earnings of $41.5 million (up 1%);
- Ocean Casino, gaining $30.6 million (up 6%).
Other operators in the sector saw sharp declines in profits. For instance, Bally’s' turnover dropped 22% to $10.2 million. April confirmed a worrying tendency for Atlantic City’s ground facilities. The current dynamics once again highlight the importance of investing in the development of the offline direction.
Sportsbooks' Financial Results
The wagering market was valued at $90.5 million, down nearly 15% from last year. Although the drop in overall revenue was noticed, the local niche operators processed over $994 million in April bets. In 2025, the vertical’s brand has already generated $4.2 billion in this category.
Trends in New Jersey’s Gambling Sphere
The market is developing quite actively and dynamically, despite significant competition from New York. Amid 3 upcoming full-scale casino launches in the neighbouring state, New Jersey’s authorities have introduced a bill for consideration. It speaks of the need to hold a public referendum and discuss the possibility of opening ground venues beyond Atlantic City’s territories.
The initiators have already submitted several proposals to build complexes at the Oceanport-located Monmouth Park and the East Rutherford-situated Meadowlands Racetrack.
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