Key Moments:
- New Jersey sportsbooks processed over $1 billion in wagers for the fifth consecutive month in January
- Sportsbook revenue dropped 6.5% year-over-year to $114.2 million, with a hold percentage of 10.7%
- Total gaming revenue climbed 5.9% to $586.4 million, fueled by continued iGaming growth
Sports Betting Performance Remains Strong Amid Revenue Decline
New Jersey’s sportsbooks recorded more than $1 billion in bets during January, maintaining a streak that has now reached five consecutive months. The vast majority of wagers were placed through online and mobile platforms, while physical sportsbook locations contributed $35.2 million to the overall handle.
Despite this robust activity, sportsbook revenue slipped compared to the previous year. The Division of Gaming Enforcement reported January earnings at $114.2 million, a decrease from $122.2 million in January 2025 – representing a 6.5% decline. The hold percentage from completed sporting events was 10.7%, nearly the same as December’s results. Sports betting generated $23.9 million in tax revenue for the state during January.
Operators’ Revenue Breakdown
FanDuel and DraftKings continued to dominate the New Jersey sports betting market in January. FanDuel led the sector with $45.6 million in revenue, while DraftKings followed at $30.6 million. Both experienced a revenue drop of approximately 14% compared with January of the previous year, yet together accounted for nearly 68% of the state’s total sportsbook revenue.
BetFanatics stood out as the only other operator surpassing the $10 million threshold, posting $10.9 million for the month – a 61% year-over-year increase. Bet365 grew to $7.3 million, marking a 51.5% rise from January 2025. Meanwhile, BetMGM remained stable with $7.6 million in revenue, showing little change from the prior year.
| Operator | January Revenue (million) | Year-over-Year Change |
|---|---|---|
| FanDuel | $45.6 | -14% |
| DraftKings | $30.6 | -14% |
| BetFanatics | $10.9 | +61% |
| Bet365 | $7.3 | +51.5% |
| BetMGM | $7.6 | Unchanged |
Total Gaming Revenue Sees Upward Trend
The gaming sector in New Jersey started the year with total revenue increasing 5.9% to $586.4 million. This sum reflects contributions from sports betting, iGaming, and land-based slots and table games across Atlantic City’s nine casinos.
Online casinos played a major role in this growth, generating $258.9 million in January. Although this figure was solid, it trailed December’s monthly record of $273.2 million. Revenue from land-based casinos remained nearly constant, improving just 1.6% year-over-year.
In the online casino segment, FanDuel Casino reported $58.9 million in revenue, an 18.5% increase over last year. DraftKings Casino earned $48.6 million for the month, up 10.3% from the same period in the previous year.
- Author
Daniel Williams
