Stake Bonus Code for New Users – June 2025

Revenue from iGaming hit a record $243.9 million in March across New Jersey, offsetting declines for sports betting and land-based casinos.

Data released on April 16 by the New Jersey Department of Gaming Enforcement (NJDGE) showed that total gambling revenue reached $546.1 million. This represented a 3.7% increase over March 2024 and was 12.6% above the previous month.

The most significant driver was iGaming, which rose 23.7% year-over-year. Despite that increase, it marked just the fourth time iGaming has generated the most gambling revenue in New Jersey in a single month.

Revenue from online and retail sportsbooks dropped 20.5% year-over-year to $71.3 million, as a lack of upsets in March Madness led to bettor-friendly outcomes. This was also down from February’s total of $73.6 million.

As for handle, $1.11 billion was spent across online and retail, reflecting a 16.5% decrease from last year. 

Stake Bonus Code for New Users – June 2025

There are 14 active online sportsbooks in New Jersey, down from 27 in 2018.

FanDuel reported the largest March revenue at $23.4 million, below February’s $33.9 million. At $110.4 million, FanDuel also has the highest year-to-date revenue.

DraftKings generated $19.9 million in March, down approximately $400,000 from the previous month. BetMGM was a distant third in revenue at $8 million, followed by Fanatics Sportsbook ($4.4 million), Caesars ($3.2 million), and bet365 ($2.8 million).

Meanwhile, Meadowlands ($2 million) topped all retail sportsbooks. Monmouth Park ($432,393) was second. 

Online betting took in $1.06 billion in wagers, while retail sportsbooks collected $44.4 million in wagers.

A few factors may have contributed to the decline in revenue, such as the lack of upsets in the NCAA Tournament. The men’s tournament saw all four No. 1 seeds reach the Final Four for the first time since 2008 and just the second time ever.

Stake Bonus Code for New Users – June 2025

FanDuel and Golden Nugget Atlantic City were the top performers in iGaming, with their $52.3 million revenue, which represents a 25.7% year-over-year increase.

Close behind were DraftKings and Resorts Casino Hotel, up 20.3% year-over-year to $49.6 million.

Next were BetMGM and Borgata, at $31.6 million, followed by Borgata’s own platform, at $22.4 million. Caesars and Tropicana Atlantic rounded out the top five, at $15.7 million.

In total, $241.3 million came from “other authorized games,” such as online slots. The remaining $2.6 million was attributed to online poker.

Stake Bonus Code for New Users – June 2025

As iGaming totals continue to increase, New Jersey is preparing to introduce a new online gaming platform. Soft2Bet is set to arrive this summer in the Garden State, through a market agreement with Caesars Entertainment.

The state regulator is also embroiled in a legal battle with prediction markets Kalshi, which alleges that its sports event contracts are legal despite being ordered by NJ to cease and desist. 

Soft2Bet, which holds over a dozen global licenses across jurisdictions, claims its software has boosted player screen time by 400%.