New Jersey Hits the Jackpot with Record iGaming Revenue in May, but Land-Based Casinos Reclaim the Throne

Parsippany, NJLocal News

New Jersey's gambling market achieved a record $614. 7 million in revenue for May 2025, representing a 20. 5% increase from the previous year. The iGaming sector reached an unprecedented $246. 8 million, surpassing the prior record set in March.

Traditional casinos rebounded with $265. 3 million in revenue, indicating a 10. 9% year-on-year growth. FanDuel led the digital segment, earning $54. 5 million, while retail sports betting skyrocketed by 326.

6%, totaling $4. 5 million. The total gambling handle for May reached $1. 01 billion, with online platforms making up a significant portion. The state's tax revenue from gambling hit $66.

8 million, highlighting the sector's contribution to New Jersey's economy. The resurgence in brick-and-mortar casinos suggests a growing nostalgia for the in-person gaming experience. This dynamic landscape underscores the importance of innovation and accessibility in the evolving gambling market.

Related Articles

Video Parsippany-Troy Hills Town Council Meeting September 10, 2025

Parsippany-Troy Hills Township Council convened on September 9, 2025, to discuss redevelopment initiatives and capital purchases. Adequate notice of the meeting was provided in compliance with the Open Public Meetings Law. Mayor James Barberio and council members participated in the discussions.

Update Candlelight Vigil to Honor the Memory of Charlie Kirk

Friends and family will gather for a Candlelight Vigil in memory of Charlie Kirk on September 12 at 7:00 p.m. The event will take place at Central Park of Morris County, where attendees are encouraged to bring candles for a moment of remembrance.

Parsippany Annual Rabies Immunization Clinic Scheduled for October 25

Parsippany will host its Annual Rabies Immunization Clinic for pets on October 25, from 12:00 p.m. to 2:00 p.m. at the OEM Building, located at the Recycling Center. The free event aims to help residents protect their dogs and cats while ensuring community safety.