New Jersey igaming revenue reaches record $243.9 million in March

Total gambling revenue topped $546.1 million, data released 16 April from the New Jersey Division of Gaming Enforcement (NJDGE) shows. This beats March last year by 3.7% and is also 12.6% clear of February this year.

As was the case in the first two months of the year, igaming drew the most revenue during March. Land-based casinos have traditionally been the primary source of gambling revenue in New Jersey, but continuous growth in the igaming sector has seen it fall behind in recent months.

Igaming revenue up 23.7% in March

Revenue from igaming during the month was 23.7% higher year-on-year. It is just the fourth time igaming has drawn the most gambling revenue in a single month in New Jersey.

Breaking down the market, $241.3 million of all this revenue came from ‘other authorised games’, including online slots. This is 23.9% more than in the previous year. The remaining $2.6 million was attributed to online poker, a rise of 8.9%.

FanDuel and Golden Nugget Atlantic City remain the ones to beat in igaming, reporting $52.3 million in revenue, up 25.7%. However, not far behind were DraftKings and Resorts Casino Hotel, with their $49.6 million haul being 20.3% higher year-on-year.

BetMGM and Borgata followed with $31.6 million in igaming revenue, then Borgata’s own platform on $22.4 million. Caesars and Tropicana Atlantic City again completed the top five with a monthly total of $15.7 million.

Downward sports betting handle trend continues

Turning to sports betting in New Jersey, the situation was quite different. Revenue fell 20.5% year-on-year to $71.3 million, and this was also lower than February’s $73.6 million.

Of this total, $68.0 million came from online betting, down 20.6% from 2024. Meanwhile, $3.3 million was attributed to retail sportsbooks, a drop of 17.3%.

As for handle, total player spend across online and retail was $1.11 billion, some 23.5% short of the previous year. Online betting amounted to $1.06 billion, whereas retail sportsbooks processed $44.4 million in wagers. This left a monthly hold of 6.44%.

FanDuel and Meadowlands continue to lead the online market with $23.4 million in sports betting revenue, though this was 13.4% lower than March 2024. The NJDGE does not publish handle for individual operators.

DraftKings and Resorts Casino Hotel remain second with $19.9 million, an increase of 13.4%. BetMGM and Borgata took third with $8.0 million, up 35.8% year-on-year.

Other stand-out performers in the online market include BetFanatics and Bally’s, which took $4.4 million in March. Caesars and the Tropicana posted $3.0 million, Bet365 and Hard Rock $2.8 million, and ESPN Bet and Resorts $2.7 million.

In terms of retail sportsbooks, Meadowlands led the way with $2.0 million, up by 8.2%. Its closest challenger was Monmouth Park at $432,393, down 38.3%.

New Jersey land-based casino revenue dips 3.7%

Rounding off with land-based casinos, monthly revenue in March fell 3.7% year-on-year to $230.9 million. Slot machine win edged up 0.5% to $173.6 million, but table game revenue declined 14.6% to $57.3 million.

Borgata remained the frontrunner on $58.4 million, a rise of 3.3%. Hard Rock was second with $44.5 million, up 0.2%, then Ocean Casino at $34.7 million, down 14.8%.

As for tax, total gambling tax in March amounted to $59.8 million. This includes $36.5 million from igaming, $14.3 million from land-based casinos and $8.8 million online sports betting. A further $241,482 was drawn from retail sportsbooks in New Jersey.