New Jersey Sportsbooks Pass $1B Handle Again In January

New Jersey sportsbooks handled more than $1 billion in wagers in January, extending a five month streak above that level even as operator revenue declined compared with the same period last year.

Good to Know

• January handle topped $1 billion for the fifth straight month
• Sportsbooks generated $114.2 million in revenue, down 6.5% year over year
• Mobile betting accounted for most activity, with retail contributing $35.2 million

Billion Dollar Betting Streak Continues As Market Matures

Figures released by New Jersey Division of Gaming Enforcement showed sportsbooks earned $114.2 million in January revenue. Operators reported $122.2 million in January 2025, reflecting a modest decline even with sustained wagering demand.

Hold percentage from completed events reached 10.7%, closely matching December performance. Sports wagering taxes added $23.9 million to state coffers, highlighting continued fiscal impact from regulated betting.

Digital platforms again dominated the market. Most wagers came through mobile apps, reinforcing a long running shift toward online participation across US jurisdictions.

FanDuel remained the leading revenue generator with $45.6 million, while DraftKings followed with $30.6 million. Both operators recorded a 14.1% drop from the prior January but still accounted for nearly 68% of total sports betting revenue in the state.

BetFanatics stood out among the next tier with $10.9 million, representing a 61% year over year increase. Bet365 also posted gains, reaching $7.3 million, a 51.5% improvement from the previous January. BetMGM reported $7.6 million, largely flat compared with last year.

Combined gaming revenue across sportsbooks, Atlantic City casinos, and iGaming reached $586.4 million for the month, a 5.9% increase overall.

Land based casino win stayed relatively stable with a 1.6% rise, while online casinos generated $258.9 million. That total did not surpass the December record of $273.2 million but continued to show digital gaming as a central driver of growth.

Leadership patterns in iGaming mirrored sports betting trends. FanDuel Casino produced $58.9 million, an 18.5% increase, while DraftKings Casino generated $48.6 million, up 10.3%, reinforcing continued strength across multiple verticals.