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The basics:

• Total NJ casino revenue in September 2025 came in at $230.7M, essentially flat over 2024
• Online gaming win jumped 16.8% to $243.1M, exceeding $230M for seven consecutive months
• Sports wagering revenue dropped nearly 25% 
• Top casinos by revenue: Borgata, Hard Rock, Ocean

“September was an unusual month for Atlantic City‘s casino operators with mixed performance across the various properties,” said Jane Bokunewicz in her analysis of the monthly gaming report released Oct. 17 by the New Jersey Division of Gaming Enforcement.

Bokunewicz, the faculty director of the Lloyd D. Levenson Institute of Gaming, Hospitality, and Tourism (LIGHT), at Stockton University School of Business, said, “While some saw big gains, others saw losses, and still others held essentially flat in September 2025 compared to September 2024. Overall, the industry’s brick-and-mortar performance ($230.7 million) was just 0.1% ahead of September 2024.”

Total gaming revenue for the casinos, racetracks and their partners was $563.7 million in September – up 1% year over year.

A first

“Atlantic City continued to benefit from the strength of online gaming in September,” said New Jersey Casino Control Commission Chairman James Plousis in his remarks about the September results. “Statewide internet gaming win helped total gaming revenue grow one percent compared to last September, with total gaming revenue reaching its highest level for September in over a decade.”

The casinos and their partners reported an internet gaming win of $243.1 million. The figure reflects a 16.8% increase from last September.

“Monthly internet gaming win has exceeded $230 million for seven consecutive months for the first time,” said Plousis. He noted the continued strength of internet gaming in the state. “During the initial nine months of this year, internet gaming win grew nearly 23% and eclipsed $2.1 billion faster than any prior year.”

Other key takeaways from September report:

• Sports wagering revenue $89.8 million –24.9%
• Sports wagering handle $1.13 billion
  • Online $1.07 billion
  • Retail $60.1 million
• Top three casinos by casino win
  • Borgata Hotel Casino & Spa $62.8 million +0.6%
  • Hard Rock Hotel & Casino Atlantic City $45.4 million +1.8%
  • Ocean Casino Resort $39.6 million +39.3%

Have you heard?

Borgata Hotel Casino & Spa has announced plans for the space that had housed the Premier Nightclub, which closed in August. Find out what’s coming here.

“While we might have hoped to see more momentum coming off of a successful summer, internet gaming fell short of setting a new monthly revenue record and sports betting losses may have held the industry back a bit,” said Bokunewicz. “Another consideration is emerging competition to online sports wagering in the form of prediction markets.

“Prediction markets, which were expected to be banned from participating in sports markets, have yet to be banned and, for now, are going all in.”

Bokunewicz added that despite the mixed results and potential future challenges, “The industry is still on track to surpass year-end total revenues, continuing a trend of year-over-year gains post-pandemic.”

Plousis highlighted that with the start of Atlantic City’s shoulder season, September’s in-person casino win flattened but remained consistent with last September.

“Atlantic City’s competitive gaming options and first class in-person experiences remain a strength, and its operators are well-positioned for ongoing success as the region’s future environment comes into view,” said Plousis.

Industry ‘on solid footing’

Bill Pascrell III, partner at PPAG, noted New Jersey’s robust, innovative gaming industry – and says the September revenue results are the latest proof.

“Total gaming revenue grew nearly 9% year-to-date, led by a strong 17% increase in iGaming, which shows that digital offerings continue to resonate with bettors,” Pascrell told NJBIZ.

“While sports wagering saw a decline compared to last year, the growth across casinos and online platforms demonstrates that the industry is on solid footing. If we continue to prioritize innovation, protect the consumer, and maintain fair policies, New Jersey will remain the nation’s gold standard for gaming.”

Editor’s note: This story was updated at 11:02 a.m. EST Oct. 21, 2025, to include a statement from Bill Pascrell III.