New Jersey iGaming Hits $272 Million, Barely Misses Record Month in March

New Jersey nearly produced another online casino revenue record in March.

The New Jersey Division of Gaming Enforcement confirmed that the state’s iGaming operators produced $272.1 million in revenue last month, just $1.1 million shy of the all-time monthly high. That total also represented an 11.6 percent increase on the $243.9 million reported in March 2025.

The state’s monthly record remains $273.2 million, set in December 2025.

FanDuel leads surging New Jersey iGaming

New Jersey is one of only seven states with legal and live sports betting markets. It has proven itself to be a consistent producer of strong revenue totals, regularly exceeding totals not reached in other jurisdictions.

Additionally, the year-over-year improvement shows that the market is continuing to grow.

FanDuel led the way for online casino operators in New Jersey, posting $62.7 million in March revenue. That marked a 20 percent improvement on the $49.6 million reported during the same year one year ago.

DraftKings actually slipped 2.6 percent year-over-year, although it still finished second with $48.3 million in March revenue.

BetMGM took the bronze medal with $34.9 million in revenue, up 10.4 percent year-over-year.

Borgata ($21.1 million), Caesars Palace ($18.6 million), and Hard Rock Bet ($18.4 million) were all neck and neck in the following spots. Borgata was down six percent, Caesars was up 11.1 percent, and Hard Rock Bet was up 55.8 percent year-over-year.

Two other operators produced at least $10 million in monthly revenue: Fanatics and BetRivers. Their $12.7 million and $11.7 million totals resulted in 138.4 percent and 41.1 percent YoY improvements, respectively. 

Records and problems for retail

Three months into 2026, and there have been three year-over-year improvements. All totals also exceeded $251 million.

The hot start to the year puts the state’s iGaming market 16.3 percent ahead of where it was one year ago, with $782.8 million in revenue. That comfortably puts the industry on pace to set a yearly record. 

If the YoY growth rate holds, New Jersey online casinos -- which allow customers to play slot machines and other casino-style games -- will finish the year with just under $3.4 billion, an increase of nearly $475 million relative to last year’s handle.

While online operators rake in the revenue, Atlantic City retail casinos are being left behind. This was the seventh straight month that the online casino apps topped their brick-and-mortar competitors, reflecting the nationwide trend of embracing digital gambling.

“The convenience of gaming via online channels, especially when weather is not at its best, is likely to continue resulting in growth for internet gaming operations and flat brick-and-mortar performance in the shoulder and off seasons,” said Jane Bokunewicz, faculty director at Stockton University School of Business.