New Jersey: igaming brings most of the gambling income once more in February.

 In February, Igaming once more dominated the main source of gambling income in New Jersey; overall Garden State market income rose 5.1% year-on-year.
 February's New Jersey gambling total monthly income came out to be $484.8 million (£373.5 million/€444 million).  This surpasses February 2024; but, the New Jersey Division of Gaming Enforcement (NJDGE) notes that this was 12.5% behind January this year.

 Two of the three main markets in the state showed clear growth; both igaming and sports betting saw rises.  A decline in land-based casino income just somewhat mitigated this.

 In New Jersey, Igaming income increases 14%.
 Starting with the main revenue stream, igaming, income rose 14% year-on-year to $207.8 million.  In New Jersey, this was only the third month in which igaming brought in the most gambling money.

 Separately, $205.4 million came from "other authorised games," including slots, up 14% from previous year.  Peer-to---peer poker, with a growth of 2.6%, accounted for the other $2.4 million.

 With $44.1 million in overall income and up 10.3%, FanDuel and Golden Nugget Atlantic City just kept top place.  Close followed with $43.1 million, a 5.9% increase, Draft Kings and Resorts Casino Hotel

 Next with $28.2 million was BetMGM, ahead of the Borgata's own platform with $20 million.  Completing the top five in igaming, Caesars and Tropicana Atlantic City brought in $14 million.

 Sports betting income increases even with handle drop.
 Turning now to sports betting in New Jersey, income for this category rose 8.9% year-on-year to $73.6 million in February.

 Of this amount, around $72.7 million was ascribed to internet betting, an 11.1% increase.  Retail sports betting income, meanwhile, decreased 60.9% to $824,895.

 Players bet $988.9 million overall on sports in February.  That handle fell 8.5% behind last year and 14.2% behind the amount for January this year.  Unlike $39.3 million at retail sportsbooks in the state, some $49.6 million was placed online.

 This implied a monthly hold for February of 7.44%.

 FanDuel and Meadowlands keep a good lead in the internet market among the operators.  During the month, the alliance brought in $33.9 million, a 27.2% increase over previous year.  The NJDGE does not post handle for individual operators.

 Through its affiliation with Resorts Casino Hotel, DraftKings, long-time competitor of FanDuel, once more ranked second in New Jersey.  Still, the $20.3 million recorded plummeted 16.4% behind last year.

 With $5.9 million, a 41.9% increase over previous year, BetMGM and Borgata stayed third in revenue.  With $3.5 million, Fanatics and Bally's took fourth; there is no year-on- year comparison since the partnership only launched in May 2024.

 Completing the top five in sports betting revenue with $4 million, Bet365 and Hard Rock up 35.1%.

 Regarding retail betting, just three of the nine operators running in the state reported positive income.  With $81,843 reported, Resorts Casino Hotel was by far the most successful.

 Revenue from land-based casinos declines to $203.5 million
 Once the gathering was finished, gaming income from Atlantic City's land-based casinos dropped 3.8% to $203.5 million in February.

 Table game revenue was 2.5% lower at $51.4 million; slot machine income dropped 4.3% to $152.1 million.

 With $49.9 million in income, down 6.9%, Borgata stayed the market leader.  Next at $41.9 million and up 1.8%, was Hard Rock.  Collecting $32.4 million, Ocean Casino grew by 4.3%.

 Are gambling taxes in New Jersey rising?
 Regarding taxes, New Jersey gathered $53.3 million from gaming facilities in February overall.  This comprised $31.1 million from igaming, $12.7 million from land-based casinos, $9.4 million from online sports betting and $161,484 retail sportsbooks.

 But if Governor Phil Murphy gets his way, the future tax amount operators pay would rise.  Murphy suggested last month boosting sports betting and igaming tax rates to 25%, up from 13% and 15%, respectively.

 The Sports Betting Alliance (SBA), of which DraftKings, Fanatics Sportsbook, BetMGM, and FanDuel members, has objected to that attempt.

 The SBA added, "raising sports betting taxes will make sports betting more expensive for customers, slow operator investments in jobs and local business partnerships and put the regulated industry at a disadvantage to unregulated and offshore operators who pay no state taxes."

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