New Jersey Sportsbooks Surpass $5 Billion in All Time Revenue

Written By:

Bryce Meades

Published On:

July 25, 2025 11:17 AM

New Jersey Sports Betting Revenue Grows Past $5 Billion
  • New Jersey sportsbooks have kept more than $5 billion all-time from bettors – the second state (New York) to cross that threshold.

TRENTON, N.J. – The all-time sports betting revenue total in New Jersey grew past $5 billion per the latest financial report, on the back of $92 million during June 2025. This month accounted for a 52.9% increase compared to June 2024.

New Jersey was a frontrunner in overturning the former federal ban on legal sports betting in 2018, quickly moving to legalize and regulate both retail and online sports wagering. Reaching $5 billion, revenue from New Jersey sports betting sites depends on the sportsbooks’ hold percentages and the sports leagues that are active.

New Jersey Sports Betting Revenue by Month in 2025

Month Revenue
January $122.2 million
February $73.6 million
March $71.3 million
April $90.5 million
May $102.5 million
June $91.9 million

Online sports betting accounts for most of New Jersey’s sports betting revenue and has experienced continued growth since 2021.

What Other States Have Generated As Much Sports Betting Revenue As New Jersey?

New Jersey has some of the longest tenured regulated sports betting sites in the United States, which has led to large revenue totals over time. Compared to other states with legal sports betting, New Jersey sportsbooks are the second most profitable all time in the country.

  • New York: $6.4 Billion
  • New Jersey: $5 Billion
  • Illinois: $4.3 Billion
  • Pennsylvania: $3.3 Billion
  • Nevada: $2.9 Billion
  • Ohio: $2.2 Billion
  • Virginia: $2.2 Billion
  • Arizona: $2.1 Billion
  • Indiana: $2.0 Billion
Only eight other states have kept more than $2 billion since launching.

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Bryce Meades

Bryce began writing for Legal Sports Betting in 2025, and studies English at Florida State University. She has a passion for wellness, and spends her free time chasing personal goals.