New Jersey gaming revenue rises in February despite land-based decline

New Jersey’s gaming industry posted a mixed performance in February 2025, with strong gains in online gaming and sports betting helping to offset a decline in traditional casino revenue.

Looking closer at that revenue, the state’s total reached $484.8 million, marking a 5.1% increase compared to the same period last year.

The driving force behind this growth was the continued rise of iGaming, which saw revenue climb 14% to $207.8 million for the month.

Year-to-date, online gaming has generated $429.4 million, reflecting a 17.4% increase from 2024.

As for who were the main contributors in the above figure, Golden Nugget Atlantic City ($60.1M), Borgata ($51.5M), and Resorts Casino Hotel ($48.8M) benefitted from the growing shift toward online play, putting forward a combined revenue of around $160 million

Casino win falls 3.8% in February

In comparison to the above wins in iGaming, Brick-and-mortar casinos unfortunately reported $203.5 million in revenue, down 3.8% from February 2024.

Despite the overall decline, Borgata Hotel Casino & Spa remained the top-grossing land-based venue, generating $49.9 million, followed by Hard Rock Atlantic City at $41.9 million.

As you would expect, the continued slide in casino revenue reflects a broader trend in the industry, where operators are seeing a shift to digital, hopefully compensating for declining in-person gambling activity.

Comparing January performance and long-term trends

February’s $484.8 million total gaming revenue followed a weaker January, where revenue fell 0.9% to $533.9 million.

Looking at historical trends, February has consistently been a strong month for gaming in New Jersey so the 5.1% year-over-year increase from $461.5 million in February 2024 reinforces the state’s steady long-term growth in digital gaming.

What’s next for New Jersey’s gaming industry?

As more players transition online, the long-term impact on brick-and-mortar casinos, employment in Atlantic City, and future investment in land-based operations is all a bit up in the air.

With year-to-date gaming revenue surpassing $1 billion, the market remains on an upward trajectory but volatility in sports betting revenue will be one to watch as the year progresses.

Additionally, regulatory discussions around balancing land-based and online gaming operations are likely to intensify, as stakeholders debate how to sustain overall market growth while ensuring Atlantic City casinos remain competitive.

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