New Jersey sportsbooks generated a 12.8% year-over-year revenue increase despite a 6.2% dip in sports betting handle in April.
Key Takeaways
- Operators produce a second $100 million-revenue month in 2026.
- Online sportsbooks generate over $900 million in monthly wagers.
- iGaming and in-person casinos report year-over-year revenue growth.
The New Jersey Division of Gaming Enforcement recently reported that online and retail operators hauled in $102.1 million during the fourth month of 2026, up from $65.8 million in April 2025.
April ranks as the second most profitable month this year, behind January’s $114.2 million in New Jersey revenue, and sportsbooks have generated over $370 million in 2026, a 3.6% increase from the same period in 2025.
An 11% hold dwarfed the previous April’s 6.6% and gave New Jersey operators their fourth double-digit win rate over the last six months.
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Handle dips during busy month
April featured the start of the NCAA Tournament semifinals, the NBA and NHL playoffs, the Masters, and the first full month of MLB. New Jersey bettors wagered $932.4 million during the month, with online sports betting accounting for over $905 million of the total handle.
After producing over $1 billion in handles in January and March, New Jersey sports betting operators generated their second month under that milestone. Still, Garden State bettors have wagered over $3.8 billion in 2026.
Operators filled New Jersey’s coffers with $21 million in April to run the year-to-date total past $76.8 million.
FanDuel wins big in April
| Online Operator | April Revenue | YTD Revenue |
|---|---|---|
| FanDuel | $39.7 million | $147.1 million |
| DraftKings | $25.7 million | $95.9 million |
| Fanatics Sportsbook | $9 million | $30.4 million |
| BetMGM | $8.8 million | $29.8 million |
| bet365 | $7.3 million | $26.3 million |
| Caesars | $2.6 million | $10.6 million |
FanDuel continued to be the top revenue generator in New Jersey, hauling in $39.7 million in April, a 25% year-over-year profit increase. The online operator has also produced $147.1 million, a little over 3% ahead of last year’s four-month pace.
DraftKings brought in $25.7 million, a 15% year-over-year increase, to run its year-to-date total to $95.9 million, down slightly from the same period in 2025. Fanatics scored a big month with $9 million in April revenue to take over third place in yearly profit total.
BetMGM fell just shy of $9 million but closed in on $30 million for the year, while bet365 produced $7.3 million in April, a 30% year-over-year spike.
Caesars and theScore Bet were able to surpass $2 million in monthly profits, while Hard Rock Bet was the only other online operator to reach $1 million in gross revenue in a state where all 16 mobile sportsbooks finished in the black.
Other revenue increases
New Jersey’s other forms of gaming also saw nearly a 12% year-over-year increase in revenue.
Online casinos generated $263.1 million in April, which put the year-to-date revenue haul over $1 billion. Land-based casinos enjoyed an 11.7% rise in wagering revenue to make $235.6 million.
Total gaming revenue of $600.8 million in April led to $86.1 million in tax revenue for New Jersey, bringing the state's total to over $332 million in 2026.
