ReelRadar data · May 2025
May 2025 online casino revenue
New Jersey and Michigan, from the states' own reports. All months and the latest numbers.
New Jersey, internet gaming win$246.8M+28.5% vs May 2024released Jun 16, 2025
Michigan, iGaming gross receipts$251.5M+26.6% vs May 2024released Jun 17, 2025
Both states combined$498.3M+27.5% vs May 2024NJ win + MI gross receipts
New Jersey, Jan–May 2025$1.16B+22.5% vs same months 2024year to date
The month in short
- New Jersey online casinos and poker rooms won $246.8 million from players in May 2025, up 28.5% from May 2024 and up 5.0% from the month before.
- That is New Jersey's biggest month in our records, which start in January 2023.
- Year to date, New Jersey is at $1.16 billion, up 22.5% on the same months of 2024.
- The two biggest brands, FanDuel (22.1%) and DraftKings (19.5%), took 41.5% of the state's online win between them.
- Fastest growth among New Jersey brands with at least $5 million in the month: BetFanatics, up 547.5% year over year.
- Michigan's online casinos took in $251.5 million in iGaming gross receipts in May 2025, up 26.6% from May 2024. After the promotional deductions Michigan allows, adjusted gross receipts were $236.2 million.
- Together, the two states' online casinos won $498.3 million in May 2025, up 27.5% year over year.
New Jersey vs Michigan, 24 months to May 2025
Monthly, in US dollars. New Jersey: internet gaming win. Michigan: iGaming gross receipts. Data: NJ DGE, Michigan Gaming Control Board. Analysis and chart: ReelRadar.
New Jersey by brand, May 2025
Top 10 brands by internet gaming win, with share of the $246.8M total.
| # | Brand (host casino) | May 2025 | Share | vs May 2024 |
|---|---|---|---|---|
| 1 | FanDuel via Golden Nugget | $54,448,158 | 22.1% | +36.1% |
| 2 | DraftKings via Resorts | $48,063,277 | 19.5% | +13.8% |
| 3 | BetMGM via Borgata | $32,506,469 | 13.2% | +42.7% |
| 4 | Borgata | $20,755,651 | 8.4% | +15.1% |
| 5 | Caesars Palace via CIENJ (Tropicana) | $17,963,485 | 7.3% | +45.2% |
| 6 | Hard Rock Bet via Hard Rock | $13,102,951 | 5.3% | +45.7% |
| 7 | Golden Nugget | $10,698,284 | 4.3% | +59.0% |
| 8 | BetRivers via Golden Nugget | $8,059,625 | 3.3% | +11.6% |
| 9 | BetFanatics via Bally's | $6,238,585 | 2.5% | +547.5% |
| 10 | Bally Bet via Bally's | $5,809,421 | 2.4% | −0.8% |
| 18 smaller brands: $29,178,336, 11.8% | ||||
| Total | $246,824,242 | 100% | +28.5% | |
All 28 brands
| # | Brand (host casino) | May 2025 | Share | vs May 2024 |
|---|---|---|---|---|
| 1 | FanDuel via Golden Nugget | $54,448,158 | 22.1% | +36.1% |
| 2 | DraftKings via Resorts | $48,063,277 | 19.5% | +13.8% |
| 3 | BetMGM via Borgata | $32,506,469 | 13.2% | +42.7% |
| 4 | Borgata | $20,755,651 | 8.4% | +15.1% |
| 5 | Caesars Palace via CIENJ (Tropicana) | $17,963,485 | 7.3% | +45.2% |
| 6 | Hard Rock Bet via Hard Rock | $13,102,951 | 5.3% | +45.7% |
| 7 | Golden Nugget | $10,698,284 | 4.3% | +59.0% |
| 8 | BetRivers via Golden Nugget | $8,059,625 | 3.3% | +11.6% |
| 9 | BetFanatics via Bally's | $6,238,585 | 2.5% | +547.5% |
| 10 | Bally Bet via Bally's | $5,809,421 | 2.4% | −0.8% |
| 11 | Playstar via Ocean Casino | $3,102,317 | 1.3% | +51.7% |
| 12 | ESPN Bet via Resorts | $2,640,257 | 1.1% | +8.9% |
| 13 | Ocean via Ocean Casino | $2,110,740 | 0.9% | −15.1% |
| 14 | Bet365 via Hard Rock | $2,093,657 | 0.8% | +48.3% |
| 15 | Resorts Casino via Resorts | $2,073,020 | 0.8% | −1.8% |
| 16 | Tropicana Casino via CIENJ (Tropicana) | $1,834,090 | 0.7% | −22.0% |
| 17 | Jackpot City via Golden Nugget | $1,796,113 | 0.7% | +429.9% |
| 18 | Party Poker via Borgata | $1,787,689 | 0.7% | +24.4% |
| 19 | Parx via CIENJ (Harrah's) | $1,754,726 | 0.7% | +68.4% |
| 20 | Jackpocket via CIENJ (Harrah's) | $1,536,119 | 0.6% | +1.4% |
| 21 | Monopoly via Bally's | $1,523,682 | 0.6% | −11.0% |
| 22 | Pala/Stardust via Borgata | $1,346,901 | 0.5% | +32.6% |
| 23 | Mohegan Sun via Resorts | $1,219,216 | 0.5% | +17.7% |
| 24 | WSOP via CIENJ (Tropicana) | $1,182,486 | 0.5% | +62.9% |
| 25 | PokerStars via Resorts | $1,145,451 | 0.5% | −21.8% |
| 26 | Harrah's Casino via CIENJ (Tropicana) | $741,797 | 0.3% | −40.9% |
| 27 | Wheel of Fortune via Borgata | $657,214 | 0.3% | −5.0% |
| 28 | Spin Palace via Golden Nugget | $632,861 | 0.3% | +199.8% |
| Total | $246,824,242 | 100% | +28.5% |
Michigan, May 2025
| Measure | May 2025 | vs May 2024 |
|---|---|---|
| iGaming gross receipts | $251.5M | +26.6% |
| iGaming adjusted gross receipts | $236.2M | +32.2% |
| State iGaming taxes and payments | $49.1M | — |
| Paid to the City of Detroit (iGaming) | $12.7M | — |
Michigan by operator, May 2025
| # | Platform (licensee) | Gross receipts | Share | Adjusted | vs May 2024 |
|---|---|---|---|---|---|
| 1 | BetMGM MGM Grand Detroit | $67,386,493 | 26.8% | $63,343,303 | +30.5% |
| 2 | FanDuel MotorCity Casino | $65,864,351 | 26.2% | $61,912,490 | +27.9% |
| 3 | DraftKings Bay Mills Indian Community | $36,257,508 | 14.4% | $34,082,058 | +3.8% |
| 4 | Rush Street Little River Band of Ottawa Indians | $17,810,272 | 7.1% | $16,741,656 | +42.3% |
| 5 | William Hill Grand Traverse Band of Ottawa and Chippewa Indians | $16,482,404 | 6.6% | $15,493,460 | +39.2% |
| 6 | Golden Nugget Online Gaming Keweenaw Bay Indian Community | $11,273,033 | 4.5% | $10,596,651 | +30.1% |
| 7 | PointsBet Lac Vieux Desert Band of Lake Superior Chippewa Indians | $10,508,300 | 4.2% | $9,877,802 | +188.3% |
| 8 | Penn Sports Interactive / Barstool Sportsbook Greektown Casino | $7,155,347 | 2.8% | $6,726,026 | +46.5% |
| 9 | Pala Interactive Pokagon Band of Potawatomi Indians | $4,294,447 | 1.7% | $4,036,780 | +3.9% |
| 10 | Parx Interactive Gun Lake Band of Pottawatomi Indians | $3,860,872 | 1.5% | $3,629,220 | +63.7% |
| 11 | GAN Soaring Eagle Gaming | $3,466,314 | 1.4% | $3,119,682 | −2.2% |
| 12 | Wynn Sault Ste. Marie Tribe of Chippewa Indians | $2,841,281 | 1.1% | $2,670,804 | +10.4% |
| 13 | FoxBet Little Traverse Bay Bands of Odawa Indians | $2,130,748 | 0.8% | $2,002,904 | −26.8% |
| 14 | NYX Digital Nottawaseppi Huron Band of Pottawatomi Indians (FireKeepers Casino) | $1,496,749 | 0.6% | $1,406,944 | −37.3% |
| 15 | Hard Rock Hannahville Indian Community | $645,474 | 0.3% | $606,746 | −40.7% |
| Total | $251,473,593 | 100% | $236,246,525 | +26.6% |
Use these charts and numbers
Free to republish with credit and a link: Data: NJ DGE, Michigan Gaming Control Board. Analysis and chart: ReelRadar. Link to https://www.thereelradar.com/data/online-casino-revenue/2025-05/. Licence: CC BY 4.0.
Charts for May 2025: NJ vs MI, PNGSVGNJ by brand, PNGSVG · Data: nj-monthly.csvnj-operators.csvmi-monthly.csvmi-operators.csv
Need a different cut (a single operator, a longer range, a state comparison)? Write to hello@thereelradar.com.
Sources
- New Jersey: DGE monthly press release for May 2025 (released Jun 16, 2025).
- Michigan: MGCB release for May 2025 (released Jun 17, 2025). Statewide figures are as printed, rounded to $0.1 million.
What these numbers are
- New Jersey, internet gaming win: what players lost to the state's licensed online casinos and poker rooms in the month (bets minus winnings paid), before promotional deductions. Published by the NJ Division of Gaming Enforcement around the middle of the following month. Online poker is a small part of it (peer-to-peer, $2.6M in August 2026).
- Michigan, iGaming gross receipts: the same measure for Michigan's online casinos and poker, published by the Michigan Gaming Control Board, usually in the third week of the following month. Adjusted gross receipts subtract the free-play and promotional credits Michigan lets operators deduct; the state taxes that figure.
- We compare New Jersey's win with Michigan's gross receipts because both are measured before promotions. Online sports betting is not included in either.
- From 2025 New Jersey reports each brand (FanDuel, DraftKings, BetMGM…) with the casino that hosts it; for 2023–2024 it reported by casino licensee only.
21+. These are the states' figures for licensed operators; they say nothing about any one player's chances. Gambling problem? New Jersey: 1-800-GAMBLER. Michigan: 1-800-270-7117.