New Jersey
Racial Wealth Gap Is Ballooning In New Jersey, Study Finds
NEW JERSEY — New Jersey is one of the richest states in the nation, but the money isn’t trickling down equally. This is the conclusion of a recent study, which found that there is a massive “racial wealth gap” that has only gotten worse in the past few years.
On Thursday, the New Jersey Institute for Social Justice (NJISJ) released a report that claims there are serious disparities in wealth among white, Black and Latino/Latina families in the Garden State.
“Due to small sample size and wide margins of error, we do not have sufficient evidence to publish with confidence the estimates of wealth for Asian people in New Jersey,” a spokesperson told Patch.
Read the full study and see its methodology here.
According to the Newark-based nonprofit, the median household wealth of white families in New Jersey is $662,500, compared to less than $20,000 for Black and Latina/o families.
The numbers are just as bad when examined on a per-person basis, the group says. For individuals, the median net worth of white New Jersey residents is $192,700 – compared with $14,000 and $5,000 for Black and Latino/Latina residents.
Advocates said that the wealth gap has only gotten worse since a similar analysis was done in 2022, which examined data gathered before the COVID-19 pandemic. Since that time, New Jersey’s $300,000 racial wealth gap between Black/Latina and white families has more than doubled to nearly $640,000, the NJISJ reported.
The report also found that there are other serious financial disparities in New Jersey:
HOMEOWNERSHIP GAP – “The statewide homeownership rate for white New Jersey households is 76.6%, nearly double the homeownership rates for Black and Latino/a New Jersey households who have homeownership rates of 41.3% and 40.4% percent, respectively. These disparities in homeownership have changed very little over the past decade.”
INCOME GAP – “The median household income in New Jersey is $110,100 for white households, but just $76,100 for Latina/o households and $68,900 for Black households.”
POVERTY GAP – “About one-sixth of Black and Latina/o families live below the federal poverty line, together making up over half of all people in poverty in the state – even though they represent about a third of the state’s population. And economic vulnerability is much more widespread than the federal poverty line reveals due to the inadequacy of the poverty line in measuring the true costs of necessities, particularly in New Jersey.”
“We did not come by these Two New Jerseys – a prosperous place for many white households and an economically uncertain one for the majority of our Black and Brown households – by accident,” said Laura Sullivan, director of the NJISJ’s Economic Justice Program.
“Where we are today is the result of choice – patterns created by design through public policies and social exclusions,” Sullivan said.
“We must, at this critical moment, choose better,” Sullivan added.
Send local news tips and correction requests to eric.kiefer@patch.com. Learn more about advertising on Patch here. Find out how to post announcements or events to your local Patch site.
New Jersey
Though down from previous month, New Jersey online casinos post November revenue record in 2025
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While online casinos in New Jersey fell short of another revenue record, November was still the state’s second-best month ever with over $253 million.
They’ve been around for over 12 years, yet online casinos in New Jersey continue to find ways to set revenue records. After posting the industry’s largest single-month total in October, NJ online casinos last month combined for $253 million to set a November record and ranks as the second-biggest single-month total in Garden State history.
NJ online casinos set single-year record with one month left
Since launching in 2013, NJ online casinos have continually set high-water marks – even now, a dozen years later.
With $253 million in November revenue, as reported by the New Jersey Division of Gaming Enforcement, casino apps in the Garden State now sit at just over $2.64 billion for the year, leading to $455 million in state tax revenue. With one month left in 2025, the industry has already set a single-year record, which previously stood at around $2.4 billion.
To further put into perspective the growth of online gambling in New Jersey, the industry is over 22% ahead of the 11-month pace it set in 2024. Consider the first 14 months of online casinos in NJ, during which time operators combined for a mere $131.2 million in revenue.
While it’s unlikely that NJ online casinos will reach the $3 billion mark by the end of the year, iGaming has proven it can continue to grow after more than 10 years of existence.
FanDuel Casino, DraftKings Casino continue to set pace
While the monthly total is one for the books, the standard brands set themselves apart from the rest of the market.
For example, FanDuel Casino – which new users can sign up with and claim the FanDuel casino bonus – reported $60.2 million. That was well ahead of the second-place DraftKings Casino bonus, which helped drive $49.6 million in November.
Along with the BetMGM Casino app ($30.6 million), Borgata Casino ($20.6 million) and Caesars Palace Online Casino ($19.3 million), the top five revenue-earners in November accounted for more than 71% of the total online casino total in November.
New Jersey
Ice, freezing rain alerts expand to 10 N.J. counties. Wind advisory issued for 50 mph gusts Monday.
Winter weather advisories have been expanded to 10 New Jersey counties with freezing rain that could cause a dangerous layer of ice tonight.
The National Weather Service has also issued a wind advisory for 16 counties Monday with up to 50 mph gusts possible.
The more immediate concern is freezing rain already hitting the state Sunday evening.
Winter weather advisories for Bergen, Essex, Hudson Passaic and Union counties expire between 10 p.m. and midnight.
Winter weather advisories for Hunterdon, Morris, Somerset, Sussex and Warren counties take effect at 6 p.m. and run through 2 a.m.
As temperatures remain near or below freezing across northern New Jersey this evening, precipitation will fall as freezing rain, particularly in Warren and Morris counties where a glaze to one-tenth of an inch of ice accumulation is possible.
The National Weather Service warns that even areas outside the advisory that remain near freezing at the onset of precipitation could experience localized icing, especially on shaded surfaces that have remained below freezing for more than 36 hours.
Temperatures will rise above freezing areawide during the pre-dawn hours Monday as a warm front lifts through the region, changing any remaining freezing rain to plain rain.
A brief break in the rain is likely prior to daybreak Monday.
The warm front will be quickly followed by a strong cold front Monday afternoon, bringing another period of rain that may be moderate in intensity at times.
High temperatures Monday will reach the upper 40s along the coast before the cold front passes, bringing high winds to the area.
The wind advisory for 16 counties runs from 10 a.m. Monday to 1 p.m. Tuesday. Just Bergen, Essex, Hudson, Passaic and Union counties are not under wind advisories.
“Strong westerly winds develop Monday with wind gusts up to 50 mph and a wind advisory has been issued,” the weather service said Sunday evening. “Some tree damage and power outages possible.”
Tuesday will be markedly colder with high temperatures struggling to rise above freezing even at the Jersey Shore.
Wind chills in the teens and low 20s are expected during the day.
Skies will be partly cloudy with continued gusty winds of 20 to 30 mph.
Wednesday brings slightly milder conditions with highs in the mid 30s to near 40 degrees, though it remains well below normal for late December.
The extended forecast shows below-normal temperatures continuing through the end of the week and into the New Year.
Thursday may bring a chance of snow showers as a weak cold front passes through, though accumulations are expected to be light.
Friday looks dry with highs in the low to mid 30s.
Another weather system may impact the area late next weekend, potentially bringing a mix of rain and snow, though forecast confidence remains low for that timeframe.
Current weather radar
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One person was killed and another critically injured when two helicopters collided and crash-landed in Hammonton, New Jersey, on Sunday morning, authorities said.
The Hammonton Police Department told Fox News Digital that it received calls of an aviation crash at approximately 11:25 a.m. involving two helicopters in the area of the 100 block of Basin Road.
Police, fire and EMS responded, extinguishing one helicopter that was engulfed in flames.
The Federal Aviation Administration and National Transportation Safety Board have been notified and will investigate the crash, police said.
MIDAIR PLANE CRASH KILLS ONE PERSON NEAR COLORADO AIRPORT AS BOTH PLANES CATCH FIRE
Two helicopters collided Sunday, Dec. 28, 2025, in Hammonton, N.J. (WTXF)
New Jersey Lt. Gov. Tahesha Way wrote on X that she has been updated on the midair collision.
The site of a deadly helicopter collision in Hammonton, N.J., on Dec. 28, 2025. (WTXF)
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“The Atlantic County Office of Emergency Management, Hammonton Police Department, and @NJSP personnel are on the scene,” she said.
This is a breaking news story; check back for updates.
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