New Jersey’s online gaming market took a small breather in November following a record-breaking October, though the sector remains on a strong upward trajectory compared to last year.
According to data released Tuesday by the New Jersey Division of Gaming Enforcement, iGaming operators generated $253.0 million in revenue for November. While this represents a 2.9% decrease from the previous month’s record highs, the figure is still a robust 21.6% increase year-over-year. The slight month-over-month cooldown was largely expected by analysts following such a peak performance in October, with many eyes now turning to December to see if the industry can close 2025 on a rebound.
FanDuel Remains the Market Leader FanDuel Casino continues to assert its dominance in the Garden State, demonstrating remarkable stability even as the broader market dipped. The operator remained essentially flat, generating $60.2 million in revenue compared to its record-setting $60.8 million in October.
This consistency highlights the strength of FanDuel’s product, which managed to hold its ground while competitors fluctuated. By comparison, closest rival DraftKings Casino reported $49.6 million for the month.
Volatility for Fanatics In contrast to the market leaders, Fanatics Casino continued its turbulent year. The operator saw its revenue tumble to $8.2 million in November, a sharp decline from its October high of $13 million. This performance aligns with a “roller-coaster” trend observed throughout 2025, where revenue has swung dramatically from lows of $3.6 million in June to highs in July and October. Despite the inconsistency, the six-month trend suggests the potential for another upswing in December.
Year-to-Date Performance Overall, the New Jersey online gaming market remains in excellent health. Total revenue through November has reached $2.64 billion, marking a 22.2% increase compared to the same period in 2024. As the year concludes, December’s figures will serve as a critical litmus test to determine if this growth rate can be sustained into 2026.
