New Jersey Casino Revenue in 2025: A Year of Mixed Results
New Jersey Casino Industry Overview for 2025
The New Jersey Division of Gaming Enforcement recently released its Q4 2025 casino revenue report, providing a comprehensive review of the state’s gambling performance for the year. The data indicate that overall casino revenue for 2025 remained largely consistent with the figures from 2024, reflecting a stable market environment with minor fluctuations.
Revenue and Profit Trends in 2025
According to the report, Atlantic City casinos generated a net revenue of $784.6 million in the last quarter of 2025, marking a 2% increase compared to the same period the previous year. Despite this gain, the gross operating profit saw a reduction, falling by 5.8% to reach $124.7 million in Q4 2025.
When looking at the entire year, the gambling sector in New Jersey posted net revenues totaling $3.29 billion for 2025. This figure represents a slight 0.5% decline compared to 2024. Similarly, the gross operating profit for the year came in at $681.6 million, down 3.9% from the prior year’s results.
The report also included insights into hotel occupancy rates for Atlantic City casinos. The fourth quarter recorded an occupancy rate of 64.9%, which is a marginal drop of 0.7%. On an annual basis, occupancy fell slightly to 71.2%, a decrease of 0.8% from 2024.
Performance Variations Among Casino Operators
The year 2025 presented a mix of challenges and successes for Atlantic City’s major casino operators. Bally’s experienced the largest drop in gross operating profit, sliding from a $2.5 million profit in Q4 2024 to a $2.8 million loss in Q4 2025, a dramatic reduction of over 200%.
Tropicana’s gross operating revenue also declined sharply by 25%, falling to $61.8 million from $82.4 million the year before. Caesars faced an even steeper decline with a 40.3% contraction, reporting $31 million compared to $57.3 million in 2024.
Other casinos, like Harrah’s and Hard Rock, experienced moderate decreases in their gross operating profits, slipping by 12% and 8.6% respectively, ending the year at $56.5 million and $123.8 million.
Casinos That Showed Gains
Despite the downturns, several casinos managed to thrive. Borgata led the positive performers with a 13.8% increase in gross operating profit, reaching $237.4 million. Golden Nugget saw even more impressive growth of 56.9%, with profits rising to $28.3 million. Ocean Casino also posted a healthy gain of 10.6%, accumulating $112 million in operating profit for the year.
