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New Jersey sportsbooks closed 2025 with a familiar headline and a few quieter twists underneath. Betting volume stayed massive, revenue climbed again, and the state treasury collected more than ever. At the same time, December wagering slipped year over year, showing that growth now depends more on pricing, hold, and operator performance than raw betting volume.
Good to Know
After another year near the top of the US sports betting market, New Jersey continues to prove that operator efficiency and tax structure matter as much as total handle. December capped the year with strong profits, while full-year numbers revealed a market that looks stable, mature, and still highly competitive.
The New Jersey Division of Gaming Enforcement reported a $1.06 billion sports betting handle for December. Combined online and retail sportsbooks generated $116.3 million in gross revenue, marking an 85 percent jump from the same month in 2024. Operators posted an 11 percent hold for the month, more than double the prior December win rate and the third straight month with nine-figure profits.
State coffers benefited as well. December sports wagering delivered $24.2 million in tax revenue, helped by the higher online sports betting tax rate that took effect during the summer of 2025.
Despite the strong finish, December betting volume dropped more than five percent year over year. That slowdown carried into the annual picture. New Jersey bettors wagered slightly more than $12 billion during 2025, down from the $12.8 billion record set in 2024.
Revenue moved in the opposite direction. Sports betting operators across casinos, racetracks, and mobile platforms produced $1.18 billion in profit for the year, a 7.5 percent increase. Mobile sportsbooks outperformed retail again, posting an 8.2 percent year over year gain, while retail sportsbook revenue declined by 12 percent.
The statewide hold for sports betting reached 9.7 percent in 2025, edging past the 9.6 percent mark from 2024. With the online tax rate set at 19.75 percent, New Jersey collected more than $209 million in sports betting tax revenue, representing a 48 percent year over year increase.
FanDuel remained the clear leader among online sportsbooks. The operator generated $50.2 million in December revenue and finished the year at $470.1 million. DraftKings followed with $34 million in December and $325.3 million for the year, improving by $36 million compared to 2024.
BetMGM claimed third place in December with $8.3 million in revenue, up 36 percent year over year. bet365 posted one of the strongest monthly jumps, more than doubling December revenue compared to last year. Fanatics Sportsbook reported $3.9 million in December and ended 2025 with $82.9 million, still ranking fourth for the year despite a softer finish.
Caesars crossed $3 million in December revenue, while Hard Rock Bet and theScore Bet each cleared $2.5 million after recording losses during the prior December. BetRivers topped $1 million for the month. Prime Sportsbook stood as the only New Jersey online sportsbook to post a December loss.
Beyond sports betting, New Jersey total gaming taxes crossed the $1 billion mark for the year. Online casino gaming accounted for more than half of that total. iGaming operators produced $273.2 million in December revenue, up 19.8 percent year over year, and finished 2025 with $2.91 billion in profit, a 22 percent annual increase.
Including slots and table games at physical casinos, total gaming revenue reached $605.6 million in December. Full-year gaming revenue climbed to $6.98 billion, reflecting a 10.8 percent year over year increase. Brick and mortar casinos recorded a modest 2.7 percent gain.