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New Jersey sportsbooks closed November with a powerful run, turning heavy football action into one of the most profitable months in state history. Strong NFL results, busy betting calendars, and elevated hold rates combined to lift revenue near record levels.
Good to Know
The New Jersey Division of Gaming Enforcement reported that online and retail sportsbooks generated $146.3 million in gross revenue during November. Only January 2024 produced a higher monthly total.
Revenue climbed 23% compared with November of last year, pushing year to date sportsbook winnings past $1 billion. Bettors wagered $1.28 billion during the month, marking the highest handle of 2025 and extending a streak of billion dollar months throughout the NFL season.
Football drove much of the success. Thanksgiving week delivered favorable results for sportsbooks as underdogs covered in large numbers. November also included full schedules from the NBA and NHL, early college basketball action, and the close of the college football regular season.
The statewide hold rate reached 11.4%, one of the strongest levels of the year and the third time in 2025 that hold exceeded 11%.
Online sportsbooks accounted for nearly all of the revenue, posting $142.5 million on a $1.22 billion handle. Retail sportsbooks at casinos and racetracks added $3.8 million from $60.5 million in wagers.
Combined, sportsbooks sent $28.6 million in tax revenue to New Jersey, lifting the year to date total beyond $458 million.
FanDuel remained the clear market leader with $61.4 million in November revenue, pushing its yearly total close to $420 million. DraftKings followed with $38.3 million as it moved closer to $300 million for the year.
Fanatics Sportsbook and BetMGM each cleared $10 million during the month, continuing a tight race for third place statewide. bet365 topped $50 million year to date, while Caesars moved past $30 million.
Online casino revenue dipped 2.8% from October to $253 million in November. Even with the pullback, iGaming revenue rose more than 18% year over year and reached $2.64 billion for the first eleven months of 2025.
Total gaming revenue across casinos and sportsbooks reached $636.2 million for the month. Gaming taxes generated $93.4 million in November alone, lifting the annual total above $794 million.
No. January 2024 still holds the top spot, but November ranks second.
NFL betting volume, strong hold rates, and a packed sports calendar.
Total handle reached $1.28 billion.
FanDuel posted the highest revenue for the month.
Revenue dipped month to month but remained sharply higher than last year.