ReelRadar data · November 2025
November 2025 online casino revenue
New Jersey and Michigan, from the states' own reports. All months and the latest numbers.
New Jersey, internet gaming win$253.0M+18.2% vs November 2024released Dec 16, 2025
Michigan, iGaming gross receipts$248.4M+9.9% vs November 2024released Dec 16, 2025
Both states combined$501.5M+14.0% vs November 2024NJ win + MI gross receipts
New Jersey, Jan–Nov 2025$2.64B+22.2% vs same months 2024year to date
The month in short
- New Jersey online casinos and poker rooms won $253.0 million from players in November 2025, up 18.2% from November 2024 and down 2.8% from the month before.
- Year to date, New Jersey is at $2.64 billion, up 22.2% on the same months of 2024.
- The two biggest brands, FanDuel (23.8%) and DraftKings (19.6%), took 43.4% of the state's online win between them.
- Fastest growth among New Jersey brands with at least $5 million in the month: BetFanatics, up 85.7% year over year.
- Michigan's online casinos took in $248.4 million in iGaming gross receipts in November 2025, up 9.9% from November 2024. After the promotional deductions Michigan allows, adjusted gross receipts were $233.3 million.
- Together, the two states' online casinos won $501.5 million in November 2025, up 14.0% year over year.
New Jersey vs Michigan, 24 months to November 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, November 2025
Top 10 brands by internet gaming win, with share of the $253.0M total.
| # | Brand (host casino) | November 2025 | Share | vs November 2024 |
|---|---|---|---|---|
| 1 | FanDuel via Golden Nugget | $60,241,764 | 23.8% | +25.9% |
| 2 | DraftKings via Resorts | $49,602,541 | 19.6% | +17.7% |
| 3 | BetMGM via Borgata | $30,629,734 | 12.1% | +11.2% |
| 4 | Borgata | $20,596,464 | 8.1% | −7.0% |
| 5 | Caesars Palace via CIENJ (Tropicana) | $19,335,253 | 7.6% | +46.5% |
| 6 | Hard Rock Bet via Hard Rock | $13,380,062 | 5.3% | +36.8% |
| 7 | Golden Nugget | $9,664,684 | 3.8% | +1.1% |
| 8 | BetFanatics via Bally's | $8,233,579 | 3.3% | +85.7% |
| 9 | BetRivers via Golden Nugget | $8,094,540 | 3.2% | +34.9% |
| 10 | Bally Bet via Bally's | $5,141,268 | 2.0% | +17.9% |
| 18 smaller brands: $28,126,843, 11.1% | ||||
| Total | $253,046,732 | 100% | +18.2% | |
All 28 brands
| # | Brand (host casino) | November 2025 | Share | vs November 2024 |
|---|---|---|---|---|
| 1 | FanDuel via Golden Nugget | $60,241,764 | 23.8% | +25.9% |
| 2 | DraftKings via Resorts | $49,602,541 | 19.6% | +17.7% |
| 3 | BetMGM via Borgata | $30,629,734 | 12.1% | +11.2% |
| 4 | Borgata | $20,596,464 | 8.1% | −7.0% |
| 5 | Caesars Palace via CIENJ (Tropicana) | $19,335,253 | 7.6% | +46.5% |
| 6 | Hard Rock Bet via Hard Rock | $13,380,062 | 5.3% | +36.8% |
| 7 | Golden Nugget | $9,664,684 | 3.8% | +1.1% |
| 8 | BetFanatics via Bally's | $8,233,579 | 3.3% | +85.7% |
| 9 | BetRivers via Golden Nugget | $8,094,540 | 3.2% | +34.9% |
| 10 | Bally Bet via Bally's | $5,141,268 | 2.0% | +17.9% |
| 11 | ESPN Bet via Resorts | $4,255,077 | 1.7% | +49.2% |
| 12 | Playstar via Ocean Casino | $2,824,828 | 1.1% | −7.1% |
| 13 | Bet365 via Hard Rock | $2,604,696 | 1.0% | +58.2% |
| 14 | Parx via CIENJ (Harrah's) | $2,385,084 | 0.9% | +105.2% |
| 15 | Tropicana Casino via CIENJ (Tropicana) | $2,270,500 | 0.9% | −22.7% |
| 16 | Resorts Casino via Resorts | $2,051,268 | 0.8% | +16.5% |
| 17 | Ocean via Ocean Casino | $1,932,416 | 0.8% | +21.1% |
| 18 | Mohegan Sun via Resorts | $1,446,770 | 0.6% | +27.7% |
| 19 | Pala/Stardust via Borgata | $1,426,904 | 0.6% | +35.1% |
| 20 | Party Poker via Borgata | $1,375,680 | 0.5% | −22.9% |
| 21 | WSOP via CIENJ (Tropicana) | $1,069,043 | 0.4% | +20.0% |
| 22 | Jackpocket via CIENJ (Harrah's) | $1,048,754 | 0.4% | −23.9% |
| 23 | PokerStars via Resorts | $998,096 | 0.4% | −13.9% |
| 24 | Monopoly via Bally's | $977,206 | 0.4% | −1.2% |
| 25 | Wheel of Fortune via Borgata | $814,800 | 0.3% | −3.2% |
| 26 | Harrah's Casino via CIENJ (Tropicana) | $645,721 | 0.3% | −30.6% |
| 27 | Jackpot City via Golden Nugget | $0 | 0.0% | −100.0% |
| 28 | Spin Palace via Golden Nugget | $0 | 0.0% | −100.0% |
| Total | $253,046,732 | 100% | +18.2% |
Michigan, November 2025
| Measure | November 2025 | vs November 2024 |
|---|---|---|
| iGaming gross receipts | $248.4M | +9.9% |
| iGaming adjusted gross receipts | $233.3M | +14.7% |
| State iGaming taxes and payments | $48.5M | — |
| Paid to the City of Detroit (iGaming) | $13.0M | — |
Michigan by operator, November 2025
| # | Platform (licensee) | Gross receipts | Share | Adjusted | vs November 2024 |
|---|---|---|---|---|---|
| 1 | FanDuel MotorCity Casino | $71,813,248 | 28.9% | $67,504,453 | +25.9% |
| 2 | BetMGM MGM Grand Detroit | $63,014,804 | 25.4% | $59,233,916 | +5.5% |
| 3 | Rush Street Little River Band of Ottawa Indians | $22,674,117 | 9.1% | $21,313,670 | +58.9% |
| 4 | DraftKings Bay Mills Indian Community | $19,987,902 | 8.0% | $18,788,628 | −51.9% |
| 5 | PointsBet Lac Vieux Desert Band of Lake Superior Chippewa Indians | $17,223,879 | 6.9% | $16,190,446 | +140.8% |
| 6 | William Hill Grand Traverse Band of Ottawa and Chippewa Indians | $16,786,755 | 6.8% | $15,779,550 | +20.2% |
| 7 | Golden Nugget Online Gaming Keweenaw Bay Indian Community | $9,270,290 | 3.7% | $8,714,072 | −1.9% |
| 8 | Penn Sports Interactive / Barstool Sportsbook Greektown Casino | $9,072,511 | 3.7% | $8,430,817 | +64.7% |
| 9 | Parx Interactive Gun Lake Band of Pottawatomi Indians | $4,841,922 | 1.9% | $4,551,406 | +87.4% |
| 10 | Wynn Sault Ste. Marie Tribe of Chippewa Indians | $3,684,565 | 1.5% | $3,463,491 | +27.8% |
| 11 | GAN Soaring Eagle Gaming | $3,517,154 | 1.4% | $3,165,438 | +25.4% |
| 12 | NYX Digital Nottawaseppi Huron Band of Pottawatomi Indians (FireKeepers Casino) | $2,865,783 | 1.2% | $2,693,836 | +55.0% |
| 13 | Pala Interactive Pokagon Band of Potawatomi Indians | $1,983,537 | 0.8% | $1,864,525 | −49.1% |
| 14 | FoxBet Little Traverse Bay Bands of Odawa Indians | $1,691,111 | 0.7% | $1,589,644 | −37.2% |
| 15 | Hard Rock Hannahville Indian Community | $0 | 0.0% | $0 | −100.0% |
| Total | $248,427,578 | 100% | $233,283,893 | +9.9% |
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/2025-11/. Licence: CC BY 4.0.
Charts for November 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 November 2025 (released Dec 16, 2025).
- Michigan: MGCB release for November 2025 (released Dec 16, 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.