New Jersey iGaming Revenue: 2025 Figures and Tax

New Jersey iGaming revenue reached 2.91 billion USD in 2025. That is up 22 percent on the prior year, according to the New Jersey Division of Gaming Enforcement. Online slots and table games produced most of that total, and internet poker added the rest. This guide sets out the yearly figures since launch and the split across casino games and poker. It also explains how the state taxes the win and how the money is shared between casinos and their partners. Then it covers what the headline figure hides.

New Jersey iGaming revenue in 2025

In 2025 the state’s licensed operators reported 2.91 billion USD in internet gaming win. That figure is up 22 percent on the 2.39 billion USD booked in 2024. So the market grew by more than a fifth in a single year. Online slots and table games generated 2.88 billion USD of the total. Internet poker produced 30.3 million USD, a rise of 6.3 percent.

The year marked a turning point for the state. For the first time, annual internet gaming win passed the in-person win of the Atlantic City casinos. Total gaming revenue across all channels reached 6.98 billion USD in 2025, a record, with online casino play and sports wagering driving the growth. If you plan to enter the market, start with our guide to the New Jersey iGaming licence requirements. Only a fixed group of licensees can earn this revenue.

December 2025 set the monthly record. Internet gaming win reached about 273 million USD that month, the highest on record for the state, per the DGE December 2025 revenue release. The DGE publishes these totals every month, so operators can track the trend in near real time.

New Jersey iGaming revenue by year since launch

New Jersey launched internet gaming in November 2013, the first US state to regulate online casino play at scale. Reported win has grown every year since, and the pace picked up after 2020. The table below tracks the annual internet gaming win as reported by the DGE.

Win climbed from 1.37 billion USD in 2021 to 2.91 billion USD in 2025, so the market roughly doubled across four years. Growth held above 20 percent in each of the last two years. You can check each month against the DGE financial and statistical reports. Because the figures reflect players in New Jersey only, that growth comes from a single-state market rather than any interstate expansion.

What internet gaming win measures

The DGE reports revenue as internet gaming win, which is the gross figure that casinos and their partners keep after paying player winnings. It measures what players lose across all online sessions in the month. It sits before operator costs such as marketing, platform fees and tax, so it is not profit. For the fees and full budget on the cost side of that equation, see the full cost of entering New Jersey.

Two product groups make up the total. Online slots and table games form the larger group by far. Internet poker forms a small share, because poker earns the operator a rake rather than a house margin on every hand. So when a headline quotes New Jersey online casino revenue, it usually means slots and table game win, with poker reported separately.

Where the revenue comes from: slots, tables and poker

Casino games drive New Jersey iGaming revenue. In 2025 online slots and table games produced 2.88 billion USD, while internet poker produced 30.3 million USD. Poker still grew year on year, but it accounts for about one percent of the online total. The split has stayed roughly constant as the market has grown.

The concentration in casino games explains operator strategy. Slots carry a steady hold rate, so they produce reliable win at volume. Poker earns less, but operators keep it because it draws a distinct player base and feeds cross-sell into the casino product. Many leading brands run both under the same licence.

How New Jersey internet gaming revenue is shared

The DGE reports win as earned by casinos and their partners, and that phrase hides the real structure of the market. In New Jersey the licence sits with an Atlantic City casino or a permitted racetrack. Third-party operators, the brands that most players recognise, run their online sites under a commercial deal with that licence holder. So a single line of New Jersey iGaming revenue can cover several businesses.

Three parties usually share one operator’s win. The casino licence holder takes a contractual cut. The third-party operator that runs the platform and brand takes the largest share. Affiliates that refer players take a further slice on top. The DGE holds a breakdown of how gross revenue is split across casinos, racetracks, affiliates and third-party operators. The monthly headline totals do not publish that split. For the regulator’s full role in licensing these parties, see our guide to the New Jersey Division of Gaming Enforcement.

How New Jersey taxes internet gaming revenue

New Jersey taxes internet gaming win at 19.75 percent of gross revenue. That rate applied from 1 July 2025, when the state raised it from the previous 15 percent. The change came through the 2026 budget, and lawmakers set the same 19.75 percent rate for online sports wagering. For the first half of 2025, the 15 percent rate still applied, so the effective tax for the full year sits between the two.

An additional obligation applies on top of the headline rate. Operators pay a 2.5 percent investment alternative to the Casino Reinvestment Development Authority, which funds Atlantic City redevelopment. The 2025 tax law sets the current rate in statute. Internet gaming contributed roughly 581.9 million USD in state taxes across 2025. Most state casino tax then flows to the Casino Revenue Fund, which pays for programmes that support senior and disabled residents.

What the revenue figure does not show

A 2.91 billion USD headline looks large, but it is not what operators keep. Several costs sit between New Jersey iGaming revenue and an operator’s net profit. Anyone modelling a New Jersey entry needs the full stack, not the top line.

First, the 19.75 percent tax and the 2.5 percent investment alternative come off the win. Then the third-party operator pays the casino its contractual share, plus platform fees, game-content licensing, payment processing and marketing. Labour and supplier costs have risen across the Atlantic City market, which draws down net revenue further. The DGE reports gross operating profit later in the year, so the full picture of a record 2025 arrives after the headline win. Our team that handles revenue reporting and audit support models these lines before an application goes in. Our guide to how operators report gaming revenue covers the same distinction inside an operator’s own accounts.

Who earns New Jersey internet gaming win

New Jersey reserves internet gaming for its casino and racetrack licence holders. Each Atlantic City casino may offer online play, and each can partner with third-party operators to run branded sites. That structure caps who can earn New Jersey iGaming revenue, and it explains why a small group of national brands leads the tables.

The scope is limited to one state. A New Jersey licence covers players physically located in New Jersey, and geolocation checks enforce that boundary. The one exception is shared poker liquidity. New Jersey belongs to the Multi-State Internet Gaming Agreement, which pools poker players with other member states. Operators weighing a wider US footprint often assess the Michigan iGaming market and the Pennsylvania iGaming licence alongside New Jersey. Each state taxes revenue on its own terms.

Holding that revenue means meeting ongoing duties. Operators file monthly revenue reports, connect to the state self-exclusion system and meet DGE testing standards. Our gaming licensing compliance team manages those obligations day to day. Our gaming licence acquisition service handles the casino partnership and permit process for a first New Jersey entry. To scope a market entry against these figures, book a consultation with our advisory team.

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