The United States gaming industry is experiencing an unprecedented boom in 2025, with multiple states reporting record-breaking revenue figures. This surge is driven by robust growth in iGaming and continued expansion of the overall gaming market, signaling a strong year for casinos and online platforms alike.
Key Takeaways
- iGaming continues to outperform traditional casino revenue in several key states.
- Sports wagering revenue shows mixed results, with some states experiencing declines.
- States are exploring innovative integrations, such as cryptocurrency, to enhance player experience and revenue.
- New York is poised for significant gaming market expansion, attracting investment.
New Jersey’s Strong Performance
New Jersey’s gaming sector reported a total revenue of $563.7 million for September 2025, marking a 1% increase year-over-year. iGaming was a significant contributor, generating $243.1 million, a substantial 16.8% rise. Casino hotels also saw a modest increase, bringing in $230.7 million. However, sports wagering experienced a downturn, with revenue falling 24.9% to $89.8 million, despite an increase in total handle. Borgata Atlantic City led property revenues with nearly $62.8 million. The state is also considering integrating cryptocurrency, aiming to balance technological advancement with player protection.
Pennsylvania’s Gaming Growth
Pennsylvania’s gaming revenue climbed 5.92% year-over-year in September 2025, reaching a total of $535.8 million. Online gaming was a standout performer, with revenue increasing by 32.08% to $233.3 million. Hollywood Casino at Penn National Race Course topped the market with $101.6 million in revenue. While retail slot and table game revenues saw slight decreases, the overall growth indicates a healthy market.
Louisiana’s Revenue Increase
Louisiana’s commercial casinos generated $174.9 million in September 2025, a 2.9% increase from the previous year. The New Orleans district saw a notable 11.9% rise in revenue. While some individual properties experienced declines, the state’s overall gaming revenue trended upwards, reflecting a resilient market.
New York’s Market Expansion
New York’s gaming sector is undergoing rapid transformation, with strong growth in sports wagering, digital games, and fantasy contests. Officials are considering updates to commercial casino operations, which could spur significant new investment. The state’s gaming market is expected to see further expansion, attracting key players and driving revenue. The state’s gaming revenue for September 2025 reached $4.2 billion, with online gaming contributing $2.7 billion. The state is also exploring new 3 license opportunities for online sports betting, which could further boost revenue.
Future Trends and Innovations
Across the U.S., the gaming industry is increasingly looking towards innovation. New Jersey’s consideration of cryptocurrency integration highlights a trend towards embracing new technologies to attract players and stay competitive. While challenges like price volatility and regulatory hurdles exist, states are exploring solutions like ‘regulatory sandboxes’ to manage these risks. The continued growth in online gaming revenue across states like New Jersey and New York underscores the sector’s robust expansion and its significant contribution to state economies.
Sources
- New Jersey DGE reports $563.7m in gaming revenue for September 2025, Gaming America.
- Pennsylvania gaming revenue rises in September, Focus Gaming News.
- Gaming revenue rises 2.9% to $174.9 million in September — CDC Gaming, CDC Gaming.
- New York Gaming Market 2025: Expansion Trends and Key Players | Sponsored, Oswego County News Now.
- New Jersey Gaming Officials Consider Crypto Integration, Parsippany Focus.
