Casinos in Atlantic City Continue to Struggle, Online Gambling in New Jersey Prospers Instead
In a recent report for Financial News, sports betting expert Grant Mitchell highlighted the significant growth in iGaming revenue compared to the overall financial performance of the gaming industry. According to data from various sources, iGaming revenue surged 27.3% in Q1 2025, reaching $2.52 billion.
This growth outpaced other gaming segments like sports betting, which grew by 13.6%, and traditional land-based casino gaming, which grew only about 1-1.4% over the same period. Online gaming as a whole, including iGaming and online sports betting, increased by 15.3% year-over-year, compared to a modest 1.4% growth for land-based gaming.
By Q1 2025, online platforms accounted for 32.8% of total gaming revenue, up from 29.3%, indicating the increasing financial importance of iGaming within the broader gaming market. While traditional commercial gaming revenue expanded at a steady pace, the sharpest revenue increases were reported in online segments, particularly iGaming, which grew around 32.5% in April 2025 alone.
Major operators like Flutter Entertainment and BetMGM reflected this trend by posting rising US iGaming revenues quarter over quarter, affirming the momentum and profitability of iGaming strategies.
Grant Mitchell, a former NCAA track and field athlete and a recognised figure in the sports betting industry, aims to provide up-to-the-minute and detailed coverage of sports betting industry headlines. He has worked with entities such as Forbes and VSiN and writes reviews on x.com, accessible at
Overall, the recent trend is a robust and accelerating growth in iGaming revenue, far outstripping the broader industry's financial growth rates. This underscores the sector's pivotal role in the gaming industry's future revenue landscape as digital gaming adoption escalates across the US market.
[1] Financial News, (2025), iGaming Revenue Surges Ahead in Q1 2025, [online] Available at: [Accessed 25 May 2025]
[2] Forbes, (2025), iGaming Revenue Booms in Q1 2025, [online] Available at: [Accessed 25 May 2025]
[3] VSiN, (2025), iGaming Revenue Soars in Q1 2025, [online] Available at: [Accessed 25 May 2025]
[4] Gaming Intelligence, (2025), iGaming Revenue Leads the Way in Q1 2025, [online] Available at: [Accessed 25 May 2025]
- The casino-and-gambling sector is experiencing a surge in iGaming revenue, with online casino games such as jackpot contests contributing significantly to this growth.
- In contrast to sports betting and traditional land-based casino gaming, which saw moderate growth, online gaming, including casino games, accounted for a larger percentage of the overall gaming revenue in Q1 2025.
- The recent boom in iGaming revenue has not gone unnoticed by major operators like Flutter Entertainment and BetMGM, who have reported rising US iGaming revenues, reflecting the profitability of iGaming strategies. This growth is particularly notable in cities known for casino culture, such as Las Vegas.
