New Jersey Sports Betting Revenue Insights August 2025

New Jersey Revenue Insights

New Jersey Sports Betting Market Overview

New Jersey, with about 9.3 million residents in 2024, is a pioneer of U.S. sports betting and a model for other states. Legal wagering began on June 14, 2018, just three days after Governor Phil Murphy signed it into law.

The state consistently ranks among the top in handle and revenue, driven by twelve online operators — including Caesars, BetMGM, DraftKings, FanDuel, Resorts Digital, and Borgata — alongside retail venues like the Meadowlands Racetrack and Atlantic City casinos.

State law requires online sportsbooks to partner with a licensed casino or racetrack, with each license holder able to run up to three branded sites. Revenue is taxed at 9.75% for retail and 14.25% for online bets, generating significant funds for public services and infrastructure.

Regulation is overseen by the New Jersey Division of Gaming Enforcement (DGE) and the New Jersey Racing Commission, ensuring a competitive and compliant market.

Want to compare the best online sportsbooks? Please read our detailed New Jersey sportsbook reviews.

Annual Sports Betting Growth in New Jersey

Data is pulled directly from the NJ Division of Gaming Enforcement (DGE) Annual Reports

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Monthly Sports Betting Growth in New Jersey

Taxes

Data is pulled directly from the NJ Division of Gaming Enforcement (DGE) Monthly Reports

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NJ Sports Betting Revenue Performance

New Jersey has maintained its position as one of the nation’s top sports betting markets since launching in 2018, generating billions in handle and consistently ranking among the leaders in revenue and tax contributions.

Yearly Performance (2018–2024)

Year	Handle	Revenue	Hold %	State Taxes
2018	$1,247,307,720	$94,022,393	10.07%	$13,398,191
2019	$4,582,898,150	$299,398,035	6.45%	$42,664,220
2020	$6,012,531,987	$398,231,302	6.85%	$56,747,961
2021	$10,927,585,885	$814,981,641	7.57%	$116,134,884
2022	$10,944,593,978	$762,954,971	7.32%	$108,721,083
2023	$11,972,320,289	$1,006,681,602	8.87%	$143,452,128
2024	$12,774,039,219	$1,094,630,610	8.70%	$155,984,862

2025 Year-to-Date

Month	Handle	GGR	Hold %	Tax Revenue
Jan 2025	$1,152,144,676	$122,194,865	10.61%	$17,412,768
Feb 2025	$988,882,908	$73,558,519	7.44%	$10,482,089
Mar 2025	$1,107,191,055	$71,344,935	6.44%	$10,166,653
Apr 2025	$994,434,816	$90,510,496	9.10%	$12,897,746
May 2025	$1,010,645,865	$102,543,773	10.15%	$14,612,488
Jun 2025	$790,415,313	$91,858,292	11.62%	$13,089,807

Latest Updates in New Jersey Sports Betting Industry

July 9, 2025 – Governor Murphy signs law banning public colleges and universities from forming sports betting partnerships.
July 1, 2025 – Tax rate for online sports betting and iGaming raised to 19.75% following budget approval.
June 30, 2025 – Legislature passes bill A5447 to ban dual-currency sweepstakes and criminalize proxy betting.
March 28, 2025 – NJ Division of Gaming Enforcement issues cease-and-desist letters to Kalshi and Robinhood, targeting unregulated prediction markets.
July 28, 2025 – Bill A5971 introduced, aiming to ban in-play micro bets (e.g., next play prop wagering).
Nov. 26, 2024: New Jersey's sports wagering gross revenue, reported by casinos, racetracks, and their online partners, totaled $77.5 million, marking a 16.0% decrease compared to the $92.3 million recorded in October 2023.
Oct. 2024: In September, New Jersey's sports betting handle increased by 55.93% compared to August, rising from $698.84 million to $1.09 billion. Revenue grew even more dramatically, rising by 89%, jumping from $62.73 million to $119 million.

New Jersey Snapshot

Key Aspect	Details
Population	Approximately 9.3 million residents as of 2024. (World Population Review, 2024)
Political Affiliation	Predominantly Democratic, New Jersey has a Democratic trifecta, with the party controlling the governorship and both legislative chambers. (270towin.com, 2024)
Year Sports Betting Legalized	New Jersey legalized sports wagering on June 11, 2018, when Governor Phil Murphy signed the sports betting bill into law. New Jersey's sports betting market launched on June 14, 2018, with both online and retail sportsbooks. (State of New Jersey, 2024)
Number of Sportsbooks Operating	Twelve sportsbooks operate in New Jersey, including Bet365, betMGM, betPARX, BetRivers, Borgata, Caesars Sportsbook, DraftKings, ESPN BET, Fanatics Sportsbook, FanDuel, Hard Rock, MVGBet, and Prime Sportsbook.
GGR 2025 (Jan-Jun)	$552,010,880
Handle 2025 (Jan-Jun)	$1,807,587,175
Professional Sports Teams	New Jersey is home to the New Jersey Devils (NHL), the New York Red Bulls (MLS), and NJ/NY Gotham FC (NWSL). New York Liberty (WNBA). The New York Giants and New York Jets (NFL) play their home games at MetLife Stadium in East Rutherford, NJ.

FAQs

Market Leadership and Structure

What makes New Jersey a leader in the sports betting industry?

New Jersey was one of the first states to legalize sports betting after the repeal of PASPA in 2018, launching its market quickly with both retail and online sportsbooks. The state's innovative approach, requiring online operators to partner with licensed casinos or racetracks, and its high tax contributions to public services have positioned it as a benchmark for other states.

Why is Atlantic City important to New Jersey’s sports betting market?

Atlantic City is a vital hub for retail sportsbooks and online betting operations. Casinos like Borgata, Hard Rock, and Caesars are anchors for the state, providing significant revenue streams and partnering with major online operators.

Which sportsbooks operate in New Jersey?

As of December 2024, twelve sportsbooks operate in the state, including Bet365, betMGM, betPARX, BetRivers, Borgata, Caesars Sportsbook, DraftKings, ESPN BET, Fanatics Sportsbook, FanDuel, Hard Rock, MVGBet, and Prime Sportsbook.

What role does the Division of Gaming Enforcement (DGE) play?

The New Jersey Division of Gaming Enforcement oversees the sports betting market, ensuring compliance, protecting consumers, and regulating state and local jurisdictions.

Sports Teams and Partnerships

How do professional sports teams in New Jersey enhance the market?

Teams like the New Jersey Devils have formed partnerships with major sportsbooks such as FanDuel, Caesars, and William Hill, integrating sports betting into the fan experience with branded spaces and promotional campaigns. These collaborations help boost engagement and revenue.

What role do sportsbooks play in the success of New Jersey teams?

Sportsbook partnerships allow teams to expand their reach and improve fan engagement. For example, branded experiences at the Prudential Center, like the Caesars Club and FanDuel sponsorships, offer fans immersive experiences and strengthen betting activity tied to these teams.

Sol Fayerman-Hansen

Editor-in-Chief

Sol Fayerman-Hansen is Editor-in-Chief at RG.org with 20+ years of experience in sports journalism, gambling regulation, and tech. His work has appeared in Forbes, ESPN, and NFL.com, covering U.S. and Canadian gambling laws, major sports events, and wagering trends. Since 2023, Sol has led RG.org’s global editorial efforts, focusing on transparency, data accuracy, and regulatory insight. He works closely with researchers and legal experts to uphold E-E-A-T and Trust Project standards.📍 Israel/Canada 🌐 English, Hebrew 🎯 Gambling law, responsible gaming, tech in betting

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